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L
U X E M B O U R G
MEMORIAL
Journal Officiel
du Grand-Duché de
Luxembourg
MEMORIAL
Amtsblatt
des Großherzogtums
Luxemburg
R E C U E I L D E S S O C I E T E S E T A S S O C I A T I O N S
Le présent recueil contient les publications prévues par la loi modifiée du 10 août 1915 concernant les sociétés commerciales
et par la loi modifiée du 21 avril 1928 sur les associations et les fondations sans but lucratif.
C — N° 1651
8 juin 2016
SOMMAIRE
EFG Investment (Luxembourg) SA . . . . . . . . .
79203
ELAN Spf S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
79203
Emergis Global Holdings S.C.A. . . . . . . . . . . .
79203
Eur@fnet S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
79202
Exploitation Agricole Poggio Felice Sàrl . . . . .
79202
Facts Services . . . . . . . . . . . . . . . . . . . . . . . . . . .
79202
Firstcom Europe S.à r.l. . . . . . . . . . . . . . . . . . .
79221
Garage Losch Bech-Kleinmacher S.à r.l. . . . .
79202
Genuine Basic Luxembourg III S.à r.l. . . . . . .
79207
Gesfinlux S.A. Holding . . . . . . . . . . . . . . . . . . .
79210
Ginga Brasil Capoeïra S.à r.l. . . . . . . . . . . . . . .
79205
Ginga Brasil Capoeïra S.à r.l. . . . . . . . . . . . . . .
79205
Ginga Brasil Capoeïra S.à r.l. . . . . . . . . . . . . . .
79205
Ginga Brasil Capoeïra S.à r.l. . . . . . . . . . . . . . .
79209
GJ Holding Sàrl . . . . . . . . . . . . . . . . . . . . . . . . .
79203
GKF-Group Holding S.A. . . . . . . . . . . . . . . . . .
79205
GKF-Group Holding S.A. . . . . . . . . . . . . . . . . .
79204
GKF-Group Holding S.A. . . . . . . . . . . . . . . . . .
79204
GKF-Group Holding S.A. . . . . . . . . . . . . . . . . .
79204
GKF-Group Holding S.A. . . . . . . . . . . . . . . . . .
79205
Go Gusto S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . .
79208
Goodman Brown Logistics (Lux) S.à r.l. . . . . .
79208
Goodman Ceramic Logistics (Lux) S.à r.l. . . .
79208
Grandfin International S.A. . . . . . . . . . . . . . . .
79209
Grandfin International S.A. . . . . . . . . . . . . . . .
79204
Greensboro . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79209
Grignan Management S.à r.l. & CO S.C.A., so-
ciété de gestion de patrimoine familial . . . . .
79206
Hamira SA . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79208
HayFin DLF (GBP Parallel) LuxCo 3 S.à r.l.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79206
H.I.G. Europe - Brand Addition S.à r.l. . . . . .
79206
Hilares S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79210
Homeside Holding Sàrl . . . . . . . . . . . . . . . . . . .
79210
Hotel Gantenbeinsmillen S.àr.l. . . . . . . . . . . . .
79210
HPR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79218
Imalpa S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79207
Immodolux SPF . . . . . . . . . . . . . . . . . . . . . . . . .
79207
Immodolux SPF . . . . . . . . . . . . . . . . . . . . . . . . .
79207
ITC-Services S.à r.l. . . . . . . . . . . . . . . . . . . . . . .
79206
ITC-Services S.à r.l. . . . . . . . . . . . . . . . . . . . . . .
79206
Leopard Germany Holding Hotels S.à r.l. . . .
79218
LFPI EU PE Luxembourg SLP . . . . . . . . . . . .
79211
Mandarin Capital Partners II S.C.A. SICAR
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
79215
Minion Consulting S.à r.l. . . . . . . . . . . . . . . . . .
79213
Severn Topco S.à r.l. . . . . . . . . . . . . . . . . . . . . .
79209
79201
L
U X E M B O U R G
Eur@fnet S.A., Société Anonyme.
Siège social: L-2520 Luxembourg, 33, allée Scheffer.
R.C.S. Luxembourg B 73.627.
En conformité avec l'article 4 des statuts, le Conseil d'Administration décide de transférer le siège social à l'intérieur de
la Ville de Luxembourg de son adresse actuelle: 2 rue Wilson, L-2732 Luxembourg à sa nouvelle adresse: 33 Allée Scheffer,
L-2520 Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Pour extrait sincère et conforme
Signature
<i>Un mandatairei>
Référence de publication: 2016089418/14.
(160057748) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 avril 2016.
Exploitation Agricole Poggio Felice Sàrl, Société à responsabilité limitée.
Siège social: L-1538 Luxembourg, 2, Place de France.
R.C.S. Luxembourg B 73.962.
Les comptes annuels au 31 décembre 2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 05 avril 2016.
<i>Pour la sociétéi>
Référence de publication: 2016089420/11.
(160057950) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 avril 2016.
Facts Services, Société Anonyme.
Siège social: L-1528 Luxembourg, 1, boulevard de la Foire.
R.C.S. Luxembourg B 98.790.
Il est porté à la connaissance des tiers que Madame Habiba Boughaba, résidant professionnellement au 1 boulevard de
la Foire, L-1528 Luxembourg a été nommée comme déléguée à la gestion journalière de FAcTS Services S.A. avec effet
à partir du 1
er
avril 2016.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 6 avril 2016.
FAcTS Services S.A.
Référence de publication: 2016089421/13.
(160058063) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 avril 2016.
Garage Losch Bech-Kleinmacher S.à r.l., Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-5405 Bech-Kleinmacher, 5, Quai de la Moselle.
R.C.S. Luxembourg B 38.877.
EXTRAIT
Suite au décès de Monsieur André Losch, gérant unique de la Société, le 24 mars 2016, Monsieur Damon Damiani,
managing director, demeurant à L-1818 Howald, 5, rue des Joncs, né le 2 janvier 1960, à Dudelange, Grand-Duché de
Luxembourg a été nommé en tant que gérant unique de la Société avec effet au 24 mars 2016 pour une durée indéterminée.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 5 avril 2016.
<i>Pour la Société
i>Signature
Référence de publication: 2016090119/16.
(160058688) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 avril 2016.
79202
L
U X E M B O U R G
ELAN Spf S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-2163 Luxembourg, 40, avenue Monterey.
R.C.S. Luxembourg B 174.436.
Il est porté à la connaissance de qui de droit, qu'Orangefield (Luxembourg) S.A., ayant son siège social 40, avenue
Monterey à L-2163 Luxembourg, n'assure plus la fonction d'agent dépositaire pour la Société, à compter de ce jour.
Luxembourg, le 22 mars 2016.
Pour extrait conforme
<i>Pour la société
Un mandatairei>
Référence de publication: 2016090077/13.
(160058569) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 avril 2016.
EFG Investment (Luxembourg) SA, Société Anonyme.
Siège social: L-2120 Luxembourg, 14, allée Marconi.
R.C.S. Luxembourg B 104.454.
EXTRAIT
Il résulte d'une session du conseil d'administration («le Conseil») tenue en date du 05 avril 2016,
que la démission de Monsieur Ian COOKSON en tant qu'administrateur et Président du Conseil d'Administration a été
acceptée avec effet au 05 avril 2016;
que Monsieur Bernd Von Maltzan, administrateur, a été proposé et nommé Président du Conseil d'Administration en
remplacement de Monsieur Ian COOKSON avec effet au 05 avril 2016.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 06 avril 2016.
Référence de publication: 2016090075/15.
(160058925) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 avril 2016.
Emergis Global Holdings S.C.A., Société en Commandite par Actions.
Capital social: USD 40.000,01.
Siège social: L-1150 Luxembourg, 287-289, route d'Arlon.
R.C.S. Luxembourg B 195.959.
Suite aux résolutions de l'actionnaire gérant commandité prises en date du 23 mars 2016 avec effet au 4 avril 2016, il a
été décidé que la société Emergis Global Holdings S.C.A a changé d'adresse comme suit:
Du: 2-4, rue Eugène Ruppert, L-2453 Luxembourg
Au: 287-289 route d'Arlon, L-1150 Luxembourg
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 7 avril 2016.
Référence de publication: 2016090066/14.
(160058701) Déposé au registre de commerce et des sociétés de Luxembourg, le 8 avril 2016.
GJ Holding Sàrl, Société à responsabilité limitée.
Siège social: L-2153 Luxembourg, 40, avenue Monterey.
R.C.S. Luxembourg B 191.612.
Le bilan de la société au 31/12/2014 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg.
<i>Pour la société
Un mandatairei>
Référence de publication: 2016090762/12.
(160059512) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
79203
L
U X E M B O U R G
GKF-Group Holding S.A., Société Anonyme.
R.C.S. Luxembourg B 101.970.
La convention de domiciliation concernant la société GKF-GROUP HOLDING S.A., R.C.S. Luxembourg B101970
ayant son siège social au 11a, boulevard Joseph II, L-1840 Luxembourg a été dénoncée avec effet du 08/04/2016 par Maître
Kai-Uwe Berg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 08/04/2016.
Berg
Maître Kai-Uwe Berg
<i>Rechtsanwalti>
Référence de publication: 2016090763/14.
(160059213) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
GKF-Group Holding S.A., Société Anonyme.
Siège social: L-1840 Luxembourg, 11A, boulevard Joseph II.
R.C.S. Luxembourg B 101.970.
Hiermit kündige ich unser Mandat als Verwaltungsratsmitglied der GKF-GROUP HOLDING S.A. (R.C.S. Luxembourg
B101970) mit sofortiger Wirkung.
Luxembourg, den 8. April 2016.
MMS Mercury Management Services S.A.
11a, boulevard Joseph II
L-1840 Luxembourg
Götz Schöbel
Référence de publication: 2016090764/14.
(160059559) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
GKF-Group Holding S.A., Société Anonyme.
Siège social: L-1840 Luxembourg, 11A, boulevard Joseph II.
R.C.S. Luxembourg B 101.970.
Hiermit kündige ich mein Mandat als Verwaltungsratsmitglied der GKF-GROUP HOLDING S.A. (R.C.S. Luxembourg
B101970) mit sofortiger Wirkung.
Luxembourg, den 8. April 2016.
Götz Schöbel.
Référence de publication: 2016090765/10.
(160059559) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Grandfin International S.A., Société Anonyme.
Capital social: EUR 2.686.000,00.
Siège social: L-1220 Luxembourg, 8, rue de Beggen.
R.C.S. Luxembourg B 104.366.
<i>Extrait du procès-verbal de l'Assemblée Générale Annuelle des Actionnaires tenue de manière extraordinaire le 11 avrili>
<i>2016 à Luxembourgi>
<i>Résolution:i>
Dans le but d'uniformiser les échéances des mandats des Administrateurs, l'Assemblée décide de fixer l'échéance du
mandat de Monsieur Denis Callonego, Administrateur de la Société, jusque l'Assemblée Générale à tenir en 2017.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
GRANDFIN INTERNATIONAL S.A.
Signatures
Référence de publication: 2016090771/16.
(160059692) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
79204
L
U X E M B O U R G
GKF-Group Holding S.A., Société Anonyme.
Siège social: L-1840 Luxembourg, 11A, boulevard Joseph II.
R.C.S. Luxembourg B 101.970.
Hiermit kündigen wir unser Mandat als Kommissar der GKF-GROUP HOLDING S.A. (R.C.S. Luxembourg B 101970)
mit sofortiger Wirkung.
Luxembourg, den 08/04/2016.
LCG International AG
Voegele
Unterschrift
<i>Verwaltungsratsvorsilzenderi>
Référence de publication: 2016090767/14.
(160059559) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Ginga Brasil Capoeïra S.à r.l., Société à responsabilité limitée.
Siège social: L-2157 Luxembourg, 8, Rue 1900.
R.C.S. Luxembourg B 102.882.
Le bilan et l'annexe légale de l'exercice au 31 décembre 2011 ont été déposés au registre de commerce et des sociétés
de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090761/10.
(160059817) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Ginga Brasil Capoeïra S.à r.l., Société à responsabilité limitée.
Siège social: L-2157 Luxembourg, 8, Rue 1900.
R.C.S. Luxembourg B 102.882.
Le bilan et l'annexe légale de l'exercice au 31 décembre 2005 ont été déposés au registre de commerce et des sociétés
de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090756/10.
(160059601) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Ginga Brasil Capoeïra S.à r.l., Société à responsabilité limitée.
Siège social: L-2157 Luxembourg, 8, Rue 1900.
R.C.S. Luxembourg B 102.882.
Le bilan et l'annexe légale de l'exercice au 31 décembre 2006 ont été déposés au registre de commerce et des sociétés
de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090755/10.
(160059600) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
GKF-Group Holding S.A., Société Anonyme.
Siège social: L-1840 Luxembourg, 11A, boulevard Joseph II.
R.C.S. Luxembourg B 101.970.
Hiermit kündige ich mein Mandat als Verwaltungsratsmitglied der GKF-GROUP HOLDING S.A. (R.C.S. Luxembourg
B101970) mit sofortiger Wirkung.
Luxembourg, den 8. April 2016.
Hiltrud Lehnen.
Référence de publication: 2016090766/10.
(160059559) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
79205
L
U X E M B O U R G
Grignan Management S.à r.l. & CO S.C.A., société de gestion de patrimoine familial, Société Anonyme - Société de
Gestion de Patrimoine Familial.
Siège social: L-9806 Hosingen, 1, Haaptstroos.
R.C.S. Luxembourg B 36.665.
Les comptes annuels au 31 Décembre 2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Grignan Management S.à r.l.
<i>Associé commanditéi>
Référence de publication: 2016090775/12.
(160059397) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
H.I.G. Europe - Brand Addition S.à r.l., Société à responsabilité limitée.
Capital social: GBP 12.000,00.
Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.
R.C.S. Luxembourg B 158.281.
Les comptes annuels au 31 décembre 2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 8 avril 2016.
Référence de publication: 2016090777/10.
(160059154) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
HayFin DLF (GBP Parallel) LuxCo 3 S.à r.l., Société à responsabilité limitée.
Capital social: EUR 15.875,00.
Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.
R.C.S. Luxembourg B 178.577.
Il est porté à la connaissance des tiers que la dénomination sociale de l'associé unique est désormais HayFin SOF II Co-
Invest LuxCo 1 S.à r.l. et que depuis le 1
er
avril 2016, l'adresse du siège social de l'associé unique est la suivante: 5, rue
Guillaume Kroll, L-1882 Luxembourg, Grand-Duché de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
HayFin DLF (GBP Parallel) LuxCo 3 S.à r.l.
<i>Un mandatairei>
Référence de publication: 2016090780/14.
(160059423) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
ITC-Services S.à r.l., Société à responsabilité limitée.
Siège social: L-6617 Wasserbillig, 30, Esplanade de la Moselle.
R.C.S. Luxembourg B 131.164.
Der Jahresabschluss vom 31/03/2015 wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090813/9.
(160059727) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
ITC-Services S.à r.l., Société à responsabilité limitée.
Siège social: L-6617 Wasserbillig, 30, Esplanade de la Moselle.
R.C.S. Luxembourg B 131.164.
Der Jahresabschluss vom 31/12/2014 wurde beim Handels- und Gesellschaftsregister von Luxemburg hinterlegt.
Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090814/9.
(160059728) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
79206
L
U X E M B O U R G
Imalpa S.A., Société Anonyme.
Siège social: L-2146 Luxembourg, 55-57, rue de Merl.
R.C.S. Luxembourg B 32.818.
Les comptes annuels clos au 31 décembre 2015 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 8 avril 2016.
<i>Pour la société
i>Signature
<i>Un mandatairei>
Référence de publication: 2016090798/13.
(160059336) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Immodolux SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-7244 Bereldange, 31, rue de la Paix.
R.C.S. Luxembourg B 20.403.
Les Comptes annuels au 31/12/2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Strassen, le 11/04/2016.
<i>Poui> <i>r IMMODOLUX SPF S.A.
i>J. REUTER
Référence de publication: 2016090799/12.
(160059525) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Immodolux SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-7244 Bereldange, 31, rue de la Paix.
R.C.S. Luxembourg B 20.403.
L'assemblée générale tenue le 24 décembre 2015 a reconduit le mandat de:
M. Jean REUTER, expert-comptable, demeurant professionnellement 3 rue Thomas Edison, à Strassen L-1445, au
Luxembourg, en tant que commissaire;
actuellement en fonction, pour une nouvelle période de 6 ans, jusqu'à l'assemblée se tenant en 2021.
Pour extrait conforme
<i>L'administrateur déléguéi>
Référence de publication: 2016090800/13.
(160059569) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Genuine Basic Luxembourg III S.à r.l., Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-1463 Luxembourg, 29, rue du Fort Elisabeth.
R.C.S. Luxembourg B 108.176.
EXTRAIT
En date du 19 mars 2016, l'associé unique a pris les résolutions suivantes:
Le siège social de la société est transféré du "45, avenue de la Liberté, L-1931 Luxembourg" au "29, Rue du Fort
Elisabeth, L-1463 Luxembourg" avec effet immédiat.
La démission de M. Fathi Morteza en tant que gérant, est acceptée avec effet immédiat,
La démission de Lake Wood Services Corporation en tant que gérant, est acceptée avec effet immédiat,
La nomination de Madame Joëlle Meyvaert, demeurant professionnellement au 29, Rue du Fort Elisabeth, L 1463
Luxembourg, est élu nouveau gérant de la société avec effet immédiat et ce pour une durée indéterminée,
Pour extrait conforme
Référence de publication: 2016090738/16.
(160059390) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
79207
L
U X E M B O U R G
Go Gusto S.à r.l., Société à responsabilité limitée.
Siège social: L-1713 Luxembourg, 215, rue de Hamm.
R.C.S. Luxembourg B 185.707.
<i>Extrait du procès-verbal de l'assemblée générale extraordinaire de l'associée unique de Go Gusto S.à.r.l. tenue le 6 avrili>
<i>2016 à 11.00 heures au siège de la sociétéi>
L'associée unique décide de révoquer Madame NIKOLAEVA SAVOVA, ép. DREWS Vesela en sa qualité de gérante
unique de la société avec effet au 6 avril 2016.
Est appelée à la fonction de gérante unique pour une durée indéterminée Madame Ivica JURIKOVA, née le 24 juillet
1978 à Levice (Slovakia), demeurant à SK-85101 Bratislava, Wolkrova 45, Slovakia.
La société est valablement engagée par la signature de la gérante unique.
Pour extrait conforme
Signature
<i>Un mandatairei>
Référence de publication: 2016090740/17.
(160059160) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Goodman Brown Logistics (Lux) S.à r.l., Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-1160 Luxembourg, 28, boulevard d'Avranches.
R.C.S. Luxembourg B 195.018.
EXTRAIT
En date du 24 février 2016, Goodman Salamander Logistics (Netherlands) BV a transféré 12.500 parts sociales de la
Société à Goodman Property Opportunities (Lux) S.à r.l., SICAR, ayant son siège social à 28, boulevard d'Avranches,
L-1160 Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090741/13.
(160059810) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Goodman Ceramic Logistics (Lux) S.à r.l., Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-1160 Luxembourg, 28, boulevard d'Avranches.
R.C.S. Luxembourg B 195.057.
EXTRAIT
En date du 24 février 2016, Goodman Salamander Logistics (Netherlands) BV a transféré 12.500 parts sociales de la
Société à Goodman Property Opportunities (Lux) S.à r.l., SICAR, ayant son siège social à 28, boulevard d'Avranches,
L-1160 Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090742/13.
(160059809) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Hamira SA, Société Anonyme.
Siège social: L-2420 Luxembourg, 11, avenue Emile Reuter.
R.C.S. Luxembourg B 156.625.
Les comptes annuels au 30.06.2015 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
HAMIRA S.A.
Société Anonyme
Référence de publication: 2016090783/11.
(160059806) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
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Ginga Brasil Capoeïra S.à r.l., Société à responsabilité limitée.
Siège social: L-2157 Luxembourg, 8, Rue 1900.
R.C.S. Luxembourg B 102.882.
Le bilan et l'annexe légale de l'exercice au 31 décembre 2007 ont été déposés au registre de commerce et des sociétés
de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016090754/10.
(160059599) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Greensboro, Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-1882 Luxembourg, 7, rue Guillaume J. Kroll.
R.C.S. Luxembourg B 174.821.
EXTRAIT
Monsieur Alain NOULLET, gérant unique de la société GREENSBORO SARL, informe que son adresse a été transférée
au 7, Rue Guillaume J. Kroll, L-1882 Luxembourg en date du 1
er
décembre 2015.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
<i>Un mandatairei>
Référence de publication: 2016090743/12.
(160059221) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Grandfin International S.A., Société Anonyme.
Capital social: EUR 2.686.000,00.
Siège social: L-1220 Luxembourg, 8, rue de Beggen.
R.C.S. Luxembourg B 104.366.
<i>Extrait du procès-verbal de l'Assemblée Générale Annuelle des Actionnaires tenue de manière extraordinaire le 11 avrili>
<i>2016 à Luxembourgi>
<i>Résolutioni>
L'Assemblée prend acte des cooptations de Monsieur Antonio Quaratino et de Monsieur Gaëtan Bock, en qualité d'Ad-
ministrateurs de la Société, en remplacement de Monsieur Patrick Haller et de Madame Christine Picco, Administrateurs
démissionnaires, cooptations décidées par le Conseil d'Administration respectivement en date du 4 et du 8 décembre 2015.
L'Assemblée nomme définitivement Monsieur Antonio Quaratino et Monsieur Gaëtan Bock, en qualité d'Administra-
teurs de la Société.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
GRANDFIN INTERNATIONAL S.A.
Signatures
Référence de publication: 2016090772/19.
(160059694) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Severn Topco S.à r.l., Société à responsabilité limitée.
Siège social: L-2453 Luxembourg, 2-4, rue Eugène Ruppert.
R.C.S. Luxembourg B 184.280.
Les comptes annuels au 31/12/2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2016091604/9.
(160060083) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 avril 2016.
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Hilares S.A., Société Anonyme Unipersonnelle.
Siège social: L-1930 Luxembourg, 62, avenue de la Liberté.
R.C.S. Luxembourg B 131.183.
Les comptes annuels au 31/12/2014 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg.
HILARES S.A.
Société anonyme
Référence de publication: 2016090788/12.
(160059588) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Homeside Holding Sàrl, Société à responsabilité limitée.
Siège social: L-1855 Luxembourg, 46A, avenue J.F. Kennedy.
R.C.S. Luxembourg B 111.405.
Le Bilan et l'affectation du résultat au 31 décembre 2014 ont été déposés au registre de commerce et des sociétés de
Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Luxembourg, le 7 Avril 2016.
Homeside Holding S.à r.l.
Manacor (Luxembourg) S.A.
<i>Géranti>
Référence de publication: 2016090789/14.
(160059732) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Hotel Gantenbeinsmillen S.àr.l., Société à responsabilité limitée.
Siège social: L-1273 Luxembourg, 20, rue de Bitbourg.
R.C.S. Luxembourg B 114.006.
<i>Extrait du procès-verbal du conseil de gérance du 11 avril 2016i>
Le siège social de l'associé KF FINANCE SA est transféré du 7, rue de Bitbourg, à L-1273 Luxembourg au 20, rue de
Bitbourg, à L-1273 Luxembourg
Référence de publication: 2016090790/10.
(160059672) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
Gesfinlux S.A. Holding, Société Anonyme.
Siège social: L-2449 Luxembourg, 25B, boulevard Royal.
R.C.S. Luxembourg B 59.427.
EXTRAIT
Il résulte de l'assemblée générale ordinaire des actionnaires tenue extraordinairement en date du jeudi 15 octobre 2015
que les modifications suivantes ont été adoptées:
<i>- Commissaire aux comptes:i>
* La société MRM Consulting S.A., 25B, boulevard Royal, L-2449 Luxembourg (N° RCS Luxembourg N° B56.911)
a été nommée commissaire aux comptes de la société avec effet immédiat et ce, pour une durée de 1 an, en remplacement
de Monsieur Luis Velasco.
* Monsieur Xavier Guyard, demeurant professionnellement au 25B boulevard Royal, L-2449 Luxembourg, a été nommé
administrateur de la société avec effet immédiat et ce, pour une durée de 1 an.
Les mandats susvisés prendront fin à l'issue de l'assemblée générale des actionnaires qui se tiendra en 2016.
Pour extrait sincère et conforme
Référence de publication: 2016090750/18.
(160059347) Déposé au registre de commerce et des sociétés de Luxembourg, le 11 avril 2016.
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LFPI EU PE Luxembourg SLP, Société en Commandite spéciale.
Siège social: L-1931 Luxembourg, 33, avenue de la Liberté.
R.C.S. Luxembourg B 204.622.
<i>Excerpts of the limited partnership agreement of the partnership dated 11 march 2016i>
1. Members who are jointly and severally liable. GLPE S.à r.l. a private limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 33, avenue de la
Liberté, L-1931 Luxembourg, Grand Duchy of Luxembourg, with a share capital of twelve thousand and five hundred Euro
(EUR 12,500), registered with the Luxembourg Trade and Companies Register under number B 203.858, being the ma-
naging general partner (associé commandité gérant) of the Partnership (the “General Partner”).
2. Name, Purpose and registered office of the Partnership.
(i) The name of the Partnership is “LFPI EU PE Luxembourg SLP”.
(ii) The purpose of the Partnership is the holding of participations, in any form whatsoever, in Luxembourg and foreign
companies and any other form of investment, the acquisition by purchase, subscription or in any other manner as well as
the transfer by sale, exchange or otherwise of securities of any kind and the administration, control and development of its
portfolio.
The Partnership may guarantee, grant security in favour of third parties to secure its obligations or the obligations of
companies in which it holds a direct or indirect participation or which form part of the same group of companies as the
Partnership, grant loans or otherwise assist the companies in which it holds a direct or indirect participation or which form
part of the same group of companies as the Partnership.
The General Partner, acting for and on behalf of the Partnership shall have the power to perform any and all acts necessary,
appropriate, desirable, incidental or convenient to or for the furtherance of the purpose described in the limited partnership
agreement, including, without limitation, any and all of the powers that may be exercised on behalf of the Partnership
pursuant to the provisions of the limited partnership agreement.
(iii) The registered office of the Partnership is located at 33, avenue de la Liberté, L-1931 Luxembourg, Grand Duchy
of Luxembourg. The Partnership shall keep its books and records at its registered office. At any time, the General Partner
may in its sole discretion designate another registered office within the Grand Duchy of Luxembourg.
3. Management. The management and control of the Partnership shall be vested exclusively in the General Partner in
accordance with the provisions of the limited partnership agreement.
Subject to the other provisions of the limited partnership agreement, the General Partner shall have the right, to the
fullest extent permitted by Luxembourg law, to delegate certain management and administrative responsibilities and powers
set forth in the limited partnership agreement to special agents in and outside of Luxembourg; provided that the management
and the conduct of the activities of the Partnership shall remain the sole responsibility of the General Partner.
The Limited Partners shall have no part in the conduct of business of the Partnership or in the management or control
of the Partnership and shall have no authority or right to execute any documents or to act on behalf of the Partnership in
connection with any matter, or deal with any Person, except within the limits of article 22-4 of the 1915 Law. The exercise
by any Limited Partner of any right conferred in the limited partnership agreement shall not be construed to constitute
participation by such Limited Partner in the conduct of the business of the Partnership or in the control of the investment
or other activities of the Partnership so as to make such Limited Partner liable as a general partner for the debts and
obligations of the Partnership for purposes of the 1915 Law or otherwise.
The Partnership shall be exclusively represented by the General Partner in accordance with its management authorities
as set forth in the limited partnership agreement. The General Partner's authority to represent the Partnership shall be limited
to the Partnership's assets. The General Partner and its representatives may enter into any legal transaction on behalf of the
Partnership with themselves in person or as an agent of a third party. For the avoidance of doubt no Limited Partner shall
act as a member of a management body or as agent of the General Partner nor execute any documents on behalf of the
General Partner or act as a representative of the General Partner.
The Partnership is bound towards third parties in all matters by the General Partner or, as the case may be, by any person
to whom such signatory authority shall be delegated by the General Partner.
4. Date on which the Partnership commences and the date on which it ends. The Partnership commenced on the date of
its formation on March 11, 2016 and shall terminate and its affairs shall be wound up upon the earliest of any of the following
events:
(i) any specific cause set forth in the 1915 Law or other applicable law (droit applicable); and
(ii) a decision taken by the Partners pursuant to a Special Resolution; as provided for in the limited partnership agreement.
5. Financial year. The financial year of the Partnership shall commence on each year on the first (1
st
) of January and
end on the thirty-first (31
st
) of December of the same year with the exception of the first financial year which shall begin
on March 11, 2016 and shall end on the thirty-first (31
st
) of December 2016.
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Suit la traduction française du texte qui précède:
<i>Extrait du contrat social de la sociétéi>
1. Associés solidairement responsables. GLPE S.à r.l., une société à responsabilité limitée constituée sous les lois du
Grand-Duché de Luxembourg, ayant son siège social au 33, avenue de la Liberté, L-1931 Luxembourg, Grand-Duché de
Luxembourg, avec un capital social de douze mille cinq cents euros (EUR 12,500), enregistrée auprès du Registre de
commerce et des sociétés de Luxembourg sous le numéro B 203.858, agissant comme associé commandité gérant de la
Société (l'«Associé Commandité»).
2. Nom, objet social et siège social.
(i) Le nom de la Société est «LFPI EU PE Luxembourg SLP».
(ii) L'objet social de la Société est de détenir des parts, sous quelque forme que ce soit, dans des sociétés Luxembour-
geoises et étrangères et toute autre forme d'investissement, l'acquisition par l'achat, la souscription ou de toute autre manière
ainsi que le transfert par la vente, l'échange ou autre procédé de titres de toute sorte ainsi que l'administration, le contrôle
et le développement de son portefeuille.
La Société peut garantir, consentir des sûretés à la faveur de tierces parties pour garantir ses engagements ou les enga-
gements de sociétés dans lesquelles elle détient une participation directe ou indirecte ou qui font partie du même groupe
de sociétés que la Société, octroyer des prêts ou prêter assistance de toute autre manière à des sociétés dans lesquelles elle
détient une participation directe ou indirecte ou qui font partie du même groupe de sociétés que la Société.
L'Associé Commandité, agissant pour le compte ou au nom de la Société aura le pouvoir d'accomplir tous les actes
nécessaires, appropriés, souhaitables, accessoires, ou commodes au ou dans la poursuite de l'objectif décrit dans le contrat
social de la Société, y compris et sans limitation, tous les pouvoirs qui peuvent être exercés au nom de la Société en vertu
des dispositions du contrat social.
(iii) Le siège social de la Société est situé au 33, avenue de la Liberté, L-1931 Luxembourg, Grand-Duché de Luxem-
bourg. L'Associé Commandité devra conserver les livres et registres de la société à son siège social. A tout moment,
l'Associé Commandité peut, à sa seule discrétion, désigner un autre siège social à l'intérieur du Grand-Duché de Luxem-
bourg.
3. Gérance. La gestion et le contrôle de la Société seront attribués exclusivement à l'Associé Commandité conformément
aux dispositions du contrat social.
Sous réserve des autres dispositions du contrat social, l'Associé Commandité aura le pouvoir, dans toute la mesure
permise par le droit Luxembourgeois, de déléguer certaines responsabilités administratives ou de gestion et les pouvoirs
prévus dans le contrat social à certains agents spéciaux à l'intérieur et à l'extérieur de Luxembourg; à condition que la
gestion et la conduite des activités de la Société demeurent la responsabilité exclusive de l'Associé Commandité.
Les associés commanditaires ne peuvent en aucune façon participer à la conduite des activités de la Société ou à la
gestion ou au contrôle de la Société et n'ont aucun pouvoir ou droit d'agir pour le compte de la Société pour quelque sujet
que ce soit, ou de traiter avec toute personne, sauf dans les limites prévues par l'article 22-4 de la Loi de 1915. L'exercice
par tout associé commanditaire d'un droit quelconque conféré par le contrat social ne constitue pas une participation par
ledit associé commanditaire à la conduite des activités de la Société ou au contrôle de l'investissement ou d'autres activités
de la Société et, par conséquent, ne rend pas ledit associé commanditaire responsable comme un associé commandité des
dettes et obligations de la Société conformément aux dispositions de la Loi de 1915 ou de toute autre disposition régle-
mentaire.
La Société sera exclusivement représentée par l'Associé Commandité conformément à ses pouvoirs de gestion tels que
prévu dans le contrat social. Le pouvoir de l'Associé Commandité de représenter la Société sera limité aux actifs de la
Société. L'Associé Commandité et ses représentants peuvent conclure tout acte juridique au nom de la Société avec eux-
mêmes en personne ou comme agent d'un tiers. Afin d'éviter toute ambiguïté aucun associé commanditaire ne peut agir
comme membre de l'organe de gestion ou comme agent de l'Associé Commandité ni ratifier quelque document que ce soit
au nom de l'Associé Commandité ou agir comme représentant de l'Associé Commandité.
La Société est liée envers les tiers à tous les égards par l'Associé Commandité ou, le cas échéant, par toute personne à
laquelle l'Associé Commandité aura délégué le pouvoir de signature.
4. Date à laquelle la Société commence et date à laquelle elle termine. Les activités de la Société ont débuté à sa création,
le 11 mars 2016, et prendront fin et ses affaires seront liquidées lors de la survenance du premier des deux événements
suivants:
(i) tout motif spécifique prévu dans la Loi de 1915 ou tout autre droit applicable; et
(ii) une décision prise par les associés en vertu d'une Résolution Spéciale; tel que prévu dans le contrat social.
5. Exercice social. L'exercice social de la Société débute à chaque année le premier (1
er
) janvier et se termine le trente-
et-un (31) décembre de la même année à l'exception du premier exercice de la Société qui débutera le 11 mars 2016 et
prendra fin le trente-et-un (31) décembre 2016.
Référence de publication: 2016080261/114.
(160045993) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 mars 2016.
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Minion Consulting S.à r.l., Société à responsabilité limitée.
Siège social: L-8362 Grass, 6, rue des Champs.
R.C.S. Luxembourg B 204.644.
STATUTS
L'an deux mille seize, le huit mars.
Pardevant Maître Jean SECKLER, notaire de résidence à Junglinster, Grand-Duché de Luxembourg, soussigné.
A comparu:
Monsieur Philippe LAMBERT, fiscaliste, né à Liège, (Belgique), le 2 décembre 1971, demeurant à L-8362 Grass, 6,
Rue des Champs,
ici représenté par Madame Cristina VALENT, employée, demeurant professionnellement à Junglinster, en vertu d'une
procuration lui délivrée, laquelle après avoir été signée «ne varietur» par la mandataire du comparant et le notaire instru-
mentant, restera annexée aux présentes.
Laquelle comparante a, par son mandataire, requis le notaire instrumentant de dresser acte des statuts d'une société à
responsabilité limitée, qu'elle déclare constituer.
Titre I
er
. - Objet - Raison sociale - Durée
Art. 1
er
. Il est formé par la présente une société à responsabilité limitée qui sera régie par les lois y relatives, ainsi que
par les présents statuts.
Art. 2. La société prend la dénomination de «Minion Consulting S.à r.l..»
Art. 3. La société a pour objet la prise d'intérêts sous quelque forme que ce soit dans d'autres entreprises luxembourgeoises
ou étrangères et toutes autres formes de placement, l'acquisition par achat, souscription et toute autre matière ainsi que
l'aliénation par vente, échange, apport en nature ou tout autre manière de toutes valeurs mobilières et de toutes espèces,
l'administration, la supervision et le développement de ces intérêts. La société pourra prendre part à l'établissement et au
développement de toute entreprise industrielle ou commerciale et pourra prêter son assistance à pareille entreprise au moyen
de prêts, de garanties ou autrement.
La société a également pour objet la prestation de services au sens large pour les entreprises, dont le management,
l'administration, la gérance de celles-ci, la comptabilité et le conseil en administration et en gestion de toutes sociétés.
Dans le cadre de son activité, la société pourra accorder hypothèque, emprunter avec ou sans garantie ou se porter caution
pour d'autres personnes morales et physiques, sous réserve des dispositions légales afférentes.
Elle pourra effectuer toutes opérations commerciales, financières, mobilières et immobilières se rapportant directement
ou indirectement à l'objet ci-dessus et susceptibles d'en faciliter l'extension ou le développement.
Art. 4. Le siège de la société est établi dans la commune de Steinfort.
Il peut être transféré en toute autre localité du Grand-Duché de Luxembourg en vertu d'une décision des associés.
Art. 5. La durée de la société est illimitée.
Titre II. - Capital social - Parts sociales
Art. 6. Le capital social est fixé à quatre cent trois mille euros (EUR 403.000,-), représenté par seize mille cent vingt
(16.120) parts sociales d'une valeur nominale de vingt-cinq euros (EUR 25,-) chacune.
Le capital social pourra, à tout moment, être augmenté ou diminué dans les conditions prévues par l'article 199 de la loi
concernant les sociétés commerciales.
Art. 7. Les parts sociales sont librement cessibles entre associés.
Elles ne peuvent être cédées entre vifs ou pour cause de mort à des non-associés que moyennant l'accord unanime de
tous les associés.
En cas de cession à un non-associé, les associés restants ont un droit de préemption. Ils doivent l'exercer dans les 30
jours à partir de la date du refus de cession à un non-associé. En cas d'exercice de ce droit de préemption, la valeur de rachat
des parts est calculée conformément aux dispositions des alinéas 6 et 7 de l'article 189 de la loi sur les sociétés commerciales.
Art. 8. Le décès, l'interdiction, la faillite ou la déconfiture de l'un des associés ne mettent pas fin à la société.
Les créanciers, ayants-droit ou héritiers d'un associé ne pourront pour quelque motif que ce soit, faire apposer des scellés
sur les biens et documents de la société, ni s'immiscer en aucune manière dans les actes de son administration; pour faire
valoir leurs droits, ils devront se tenir aux valeurs constatées dans les derniers bilans et inventaire de la société.
Titre III. - Administration et gérance
Art. 9. La société est administrée par un ou plusieurs gérants, associés ou non, nommés et révocables à tout moment par
l'assemblée générale qui fixe leurs pouvoirs et leurs rémunérations.
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Art. 10. Chaque associé peut participer aux décisions collectives quel que soit le nombre de parts qui lui appartiennent.
Chaque associé a un nombre de voix égal au nombre de parts sociales qu'il possède et peut se faire valablement représenter
aux assemblées par un porteur de procuration spéciale.
Art. 11. Les décisions collectives ne sont valablement prises que pour autant qu'elles sont adoptées par les associés
représentant plus de la moitié du capital social.
Les décisions collectives ayant pour objet une modification aux statuts doivent réunir la majorité des associés repré-
sentant les trois quarts (3/4) du capital social.
Art. 12. Lorsque la société ne comporte qu'un seul associé, les pouvoirs attribués par la loi ou les statuts à l'assemblée
générale sont exercés par l'associé unique.
Les décisions prises par l'associé unique, en vertu de ces pouvoirs, sont inscrites sur un procès-verbal ou établies par
écrit.
De même, les contrats conclus entre l'associé unique et la société représentée par lui sont inscrits sur un procès-verbal
ou établies par écrit.
Cette disposition n'est pas applicable aux opérations courantes conclues dans des conditions normales.
Art. 13. Le ou les gérants ne contractent, en raison de leur fonction, aucune obligation personnelle relativement aux
engagements régulièrement pris par eux au nom de la société; simples mandataires, ils ne sont responsables que de l'exé-
cution de leur mandat.
Art. 14. Chaque année, le trente et un décembre, les comptes sont arrêtés et le ou les gérants dressent un inventaire
comprenant l'indication des valeurs actives et passives de la société.
Art. 15. Tout associé peut prendre au siège social de la société communication de l'inventaire et du bilan.
Art. 16. Les produits de la société constatés dans l'inventaire annuel, déduction faite des frais généraux, amortissements
et charges, constituent le bénéfice net.
Sur le bénéfice net, il est prélevé cinq pour cent pour la constitution du fonds de réserve légale jusqu'à ce que celui-ci
ait atteint dix pour cent du capital social.
Une partie du bénéfice disponible pourra être attribuée à titre de gratification aux gérants par décision des associés.
Art. 17. L'année sociale commence le premier janvier et finit le trente et un décembre.
Titre IV. - Dissolution - Liquidation
Art. 18. Lors de la dissolution de la société, la liquidation sera faite par un ou plusieurs liquidateurs, associés ou non,
nommés par les associés qui en fixeront les pouvoirs et les émoluments.
Titre V. - Dispositions générales
Art. 19. Pour tout ce qui n'est pas prévu dans les présents statuts, les associés se réfèrent aux dispositions légales.
<i>Disposition transitoirei>
Par dérogation, le premier exercice commence aujourd'hui et finira le 31 décembre 2016.
<i>Souscription et libérationi>
Les seize mille cent vingt (16.120) parts sociales ont été souscrites par Monsieur Philippe LAMBERT, prénommé, et
ont été libérées comme suit:
- par apport en numéraire d'un montant de trois mille euros (3.000,-EUR), laquelle somme est mis à la libre disposition
de la Société, ainsi qu'il en a été justifié au notaire instrumentaire par un certificat de blocage;
- par apport en nature de seize mille (16.000) parts sociales de la société à responsabilité limitée NAP S.à r.l., ayant un
capital de quatre cents mille euros (400.000,- EUR) , dont le siège social se trouve à L-1229 Luxembourg, 3, rue Bender,
immatriculée au Registre du Commerce et des Sociétés de Luxembourg sous le numéro B 84515.
Cet apport a été évalué à 400.000,- EUR, par le gérant unique.
<i>Déclarationi>
La valeur des apports de Parts Sociales à la Société a été certifiée au notaire instrumentant par la gérance de la société
apportée, ici valablement représenté par Monsieur Philippe LAMBERT, fiscaliste, né à Liège, (Belgique), le 2 décembre
1971, demeurant professionnellement à L-8362 Grass, Rue de Kleinbettingen, 4, qui atteste que:
1. le souscripteur est le propriétaire de toutes les parts sociales apportées;
2. toutes les Parts Sociales sont entièrement libérées;
3. le souscripteur est le seul titulaire des Parts Sociales et a le pouvoir de disposer des Parts Sociales;
4. aucune des Parts Sociales n'est grevée par un gage ou un usufruit, il n'existe aucun droit d'acquérir un quelconque
gage ou usufruit sur les Parts Sociales, et aucune des Parts Sociales ne fait l'objet d'une saisie;
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5. il n'existe aucun droit de préemption ni aucun droit en vertu duquel un tiers serait en droit d'exiger que les Parts
Sociales lui soient transférées;
6. Conformément au droit applicable et aux Statuts, les Parts Sociales sont librement cessibles et
7. toutes les formalités requises au Luxembourg consécutives à l'apport en nature des Parts Sociales au capital social de
la Société, ont été effectuées ou seront effectuées dès réception d'une copie certifiée conforme de l'acte notarié dressé à
Luxembourg, et documentant cet apport en nature.
<i>Fraisi>
Le coût des frais, dépenses, charges et rémunérations sous quelque forme que ce soit, qui sont mis à charge de la société
en raison de sa constitution s'élève approximativement à mille huit cents euros.
<i>Résolutions prises par l'associée uniquei>
Et aussitôt l'associé unique représentant l'intégralité du capital social, s'est réuni en assemblée générale extraordinaire
et a pris les résolutions suivantes:
I.- Est nommé gérant unique de la société:
Monsieur Philippe LAMBERT, fiscaliste, né à Liège, (Belgique), le 2 décembre 1971, demeurant professionnellement
à L-8362 Grass, Rue de Kleinbettingen, 4.
II.- La société est engagée en toutes circonstances par la seule signature du gérant unique.
III.- L'adresse du siège social de la société se trouve à L-8362 Grass, 6, rue des Champs.
DONT ACTE, fait et passé à Junglinster, date qu'en tête des présentes.
Et après lecture faite et interprétation donnée à la mandataire, connue du notaire par nom, prénom usuel, état et demeure,
elle a signé avec Nous notaire le présent acte.
Signé: Cristina VALENT, Jean SECKLER.
Enregistré à Grevenmacher Actes Civils, le 10 mars 2016. Relation GAC/2016/1952. Reçu soixante-quinze euros 75,00
€.
<i>Le Receveuri> (signé): G. SCHLINK.
Référence de publication: 2016080285/130.
(160046334) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 mars 2016.
Mandarin Capital Partners II S.C.A. SICAR, Société en Commandite par Actions sous la forme d'une Société
d'Investissement en Capital à Risque.
Siège social: L-1820 Luxembourg, 10, rue Antoine Jans.
R.C.S. Luxembourg B 178.903.
IN THE YEAR TWO THOUSAND SIXTEEN, ON THE SEVENTH DAY OF THE MONTH OF MARCH,
Before Maître Cosita DELVAUX, notary residing in Luxembourg, Grand Duchy of Luxembourg,
there appeared:
Mrs Elena GUARALDI, employee in Luxembourg,
acting as special proxyholder of “Mandarin Capital Management II S.A.” being General Partner (Associé Gérant Com-
mandité) of the company “MANDARIN CAPITAL PARTNERS II S.C.A. SICAR”, having its registered office at 10, rue
Antoine Jans, L-1820 Luxembourg,
by virtue of a circular resolution of the board of directors of “Mandarin Capital Management II S.A.” adopted on 7
March 2016, a copy of which, signed "ne varietur" by the appearing person and the officiating notary, will remain attached
to the present deed.
Said appearing person, acting in the above stated capacity, has requested the undersigned notary to document the fol-
lowing:
I.- That the company “MANDARIN CAPITAL PARTNERS II S.C.A. SICAR”, having its registered office at 10, rue
Antoine Jans, L-1820 Luxembourg, registered with the Luxembourg Trade and Companies Register at section B under
number 178903, was incorporated on 16 July 2013 pursuant to a deed of Maître Cosita DELVAUX, above named, published
in the Mémorial C, Recueil des Sociétés et Associations number 2223 on 11 September 2013 (the “company”), and has an
entirely paid up share capital of EUR 728,926.- (seven hundred twenty-eight thousand nine hundred twenty-six Euro),
divided into six hundred fifty-six thousand twenty-four (656,024) A Shares and seventy-two thousand nine hundred two
(72,902) B Shares, having a par value of one Euro (1.00 EUR) each.
II.- That article 5 (five), paragraphs 5 (five) to 14 (fourteen) of the Articles of Incorporation, state that:
"The Company has an authorised capital of six million six hundred and sixty seven thousand Euro (EUR 6,667,000)
divided into six million (6,000,000) A Shares and six hundred and sixty seven thousand (667,000) B Shares (the “Authorised
Share Capital”).
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The terms "Share" and "Shares" shall, in these articles of incorporation (the “Articles”), unless otherwise explicitly or
implicitly stated, include respectively the A Shares and the B Shares.
The term “Limited Shareholders” shall refer to the holders of the A Shares and the term “Unlimited Shareholder” shall
refer to the holders of the B Shares. The term “Shareholders” shall refer collectively to the Unlimited Shareholder and the
Limited Shareholders.
The Unlimited Shareholder is hereby authorised to issue further A Shares and B Shares so as to bring the total capital
of the Company up to the total authorised share capital from time to time as it, in its discretion, may determine and to accept
subscriptions for such Shares within a period of five (5) years as from the date of incorporation of the Company such as
determined by article 32 (5) of the law of August 10, 1915 on commercial companies, as amended (the “1915 Law”).
The period or extent of this authority may be extended by resolutions of the Shareholders in general meetings from time
to time, in the manner required for amendment of these Articles.
The Unlimited Shareholder is authorised to determine the conditions attaching to any subscription for A Shares and B
Shares from time to time.
The Unlimited Shareholder is authorised to issue such A Shares and B Shares under and during the period referred to
above without the Shareholders having any preferential subscription rights.
When the Unlimited Shareholder effects an increase in capital pursuant to the provisions referred to above, it shall be
obliged to take steps to amend this Article in order to record the change and the Unlimited Shareholder is authorised to
take or to authorise the steps required for the execution and publication of such amendment in accordance with Luxembourg
law.
The authorised or issued capital of the Company may be increased or reduced in compliance with the Luxembourg law.
The A Shares are reserved for subscription by Limited Shareholders qualifying as well informed investors (the “Well
Informed Investors”) as defined in the prospectus of the Company as approved by the Commission de Surveillance du
Secteur Financier and as may be amended from time to time (the “Prospectus”).”
III.- That the board of directors of the General Partner “Mandarin Capital Management II S.A.”, in its Circular Reso-
lutions of 7 March 2016, has decided to proceed to an increase of the share capital by an amount of EUR 30,263.- (thirty
thousand two hundred sixty-three Euro), with an aggregate share premium amounting to EUR 2,688,444.- (two million six
hundred eighty-eight thousand d four hundred forty-four Euro), in order to bring it from its current amount of EUR 728,926.-
(seven hundred twenty-eight thousand nine hundred twenty-six Euro) to EUR 759,189.- (seven hundred fifty-nine thousand
one hundred eighty-nine Euro) by the issue of
27,156 (twenty-seven thousand one hundred fifty-six) new A Shares with a nominal value of EUR 1.00 (one Euro) each,
as well as the share premium established at EUR 99.00 (ninety-nine Euro) per A share, and
3,107 (three thousand one hundred seven) new B Shares with a nominal value of EUR 1.00 (one Euro) each,
vested with the same rights and advantages as the existing A and B Shares.
IV.- That the board of directors of the General Partner “Mandarin Capital Management II S.A.” has admitted to the
subscription of the new A and B Shares the following shareholders, without according, as the case may be, to the existing
shareholders their preferential subscription rights pursuant to the above recalled stipulations of the article 5 of the Articles
of Incorporation.
Nbr
Shareholders
A shares B shares
1
Private Equity International S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9,743
2
Fondazione Cassa di Risparmio in Bologna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,392
3
Fondo Pensione per gli Agenti Professionisti di Assicurazione . . . . . . . . . . . . . . . . . . . .
696
4
IMA S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
696
5
Roland Berger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
557
6
Euro China Ventures II S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
418
7
Fondazione Cassa di Risparmio di Udine e Pordenone . . . . . . . . . . . . . . . . . . . . . . . . . .
418
8
Gitifin S.r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
9
Nastrificio Victor S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
418
10
Merloni Holding S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
11
GMT S.r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
12
Sergio Stevanato . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
13
Sacmi Imola S.C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
14
Fondazione Cassa di Rispamio di Trento e Rovereto . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
15
Lucio Stanca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
16
Isabella Stanca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
70
17
Emergentinvest S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
696
18
PYX Company Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
19
SUAZ Investments Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
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20
Crown Europe Small Buyouts III plc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
522
21
Crown Global Secondaries III plc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
174
22
Simon Fiduciaria S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
23
Elle 52 Investimenti s.r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
279
24
Banca Popolare dell'Emilia Romagna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,392
25
Fondazione Cassa di Risparmio di Imola . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
26
Hallfield Holdings SA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
139
27
Giuseppe Orza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
348
28
Mondial S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
418
29
Penghua Asset Management (Shenzhen) Co., Ltd. in name and on behalf of Penghua
Guangying No. 2 Manadrin Capital Special Management Plan . . . . . . . . . . . . . . . . . . . .
2,784
30
Dover Street VIII L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,879
31
Meranti Fund L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
32
HarbourVest Global Annual Private Equity Fund L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . .
123
33
HarbourVest 2015 Global Fund L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
90
34
HarbourVest Partners X Secondary L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
177
35
HarbourVest Partners IX - Credit Opportunities Fund L.P. . . . . . . . . . . . . . . . . . . . . . . .
21
36
HIPEP VII Secondary L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
176
37
NB SOF III Holdings LP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
636
38
Auda Capital SCS SICAV-SIF-VII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
209
39
Opportunités Industrielles FCPI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
159
40
Mandarin Capital Management II S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,107
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27,156
3,107
V.- That the capital increase has been entirely paid up by contribution in cash of an amount of EUR 2,178,707 (two
million one hundred seventy-eight thousand seven hundred seven Euro), i.e. the amount of EUR 30,263.- (thirty thousand
two hundred sixty-three Euro) for the share capital and the amount of EUR 2,688,444.- (two million six hundred eighty-
eight thousand four hundred forty-four Euro) for the share premium, paid to the account of the company opened with
Banque et Caisse d'Epargne d'Etat in Luxembourg.
Sufficient proof of the full payment of the subscription price of the new A and B shares, as well as subscription forms
has been given to the undersigned notary.
VI.- That as a consequence of this capital increase, the 2
nd
(second) paragraph of article 5 (five) of the Articles of
Incorporation is amended and will henceforth read as follows:
“The Company has an issued share capital of EUR 759,189.- (seven hundred fifty-nine thousand one hundred eighty-
nine Euro), divided into:
- six hundred eighty-three thousand one hundred eighty (683,180) A Shares having a par value of one Euro (1.00 EUR)
each,
- seventy-six thousand nine (76,009) B Shares, having a par value of one Euro (1.00 EUR) each.".
<i>Costsi>
The expenses, costs, fees and charges which shall be borne by the Company as a result of the present deed are estimated
at three thousand nine hundred Euro (EUR 3,800.-).
The undersigned notary, who understands and speaks English, herewith states that at the request of the parties hereto,
these minutes are drafted only in English.
Whereof, the present deed was drawn up in Luxembourg, on the date named at the beginning of this document.
The document having been read in English to the person appearing, known to the notary by surname, Christian name,
civil status and residence, said person signed together with us, notary, the present original deed.
Signé: E. GUARALDI, C. DELVAUX.
Enregistré à Luxembourg Actes Civils 1, le 08 mars 2016. Relation: 1LAC/2016/7753. Reçu soixante-quinze euros
75,00 €.
<i>Le Receveuri> (signé): P. MOLLING.
POUR EXPEDITION CONFORME, délivrée aux fins de dépôt au Registre de Commerce et des Sociétés de Luxem-
bourg et aux fins de publication au Mémorial C, Recueil des Sociétés et Associations.
Luxembourg, le 16 mars 2016.
Me Cosita DELVAUX.
Référence de publication: 2016080291/141.
(160046236) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 mars 2016.
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HPR, Société Anonyme.
Siège social: L-3799 Rumelange, 38, rue des Martyrs.
R.C.S. Luxembourg B 203.949.
<i>Extrait des résolutions de l'assemblée générale ordinaire du 6 avril 2016i>
1) En remplacement de M. Jean-Luc FUCHS, est nommé administrateur unique jusqu'à l'assemblée générale qui se
tiendra en l'année 2021, Monsieur Romain DEBAILLEUL, né le 16 août 1993 à Metz (France), demeurant 41, rue de
l'Alzette à L-4011 Esch-sur-Alzette.
2) En remplacement de la société FID-EXPERTS SA, est nommé commissaire aux comptes jusqu'à l'assemblée générale
qui se tiendra en l'année 2021, la société 4U CONSULT, société à responsabilité limitée ayant son siège social 29, rue des
Martyrs à L-3739 Rumelange, immatriculée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro
B111606.
Pour extrait sincère et conforme
Référence de publication: 2016089501/16.
(160057546) Déposé au registre de commerce et des sociétés de Luxembourg, le 7 avril 2016.
Leopard Germany Holding Hotels S.à r.l., Société à responsabilité limitée.
Capital social: EUR 1.000.000,00.
Siège social: L-2311 Luxembourg, 55, avenue Pasteur.
R.C.S. Luxembourg B 155.841.
In the year two thousand sixteen, on the fourth day of February,
Before Us, Maître Jacques KESSELER, notary public residing in Pétange,
Appeared:
“Leopard Guernsey Leonardo Hotels Limited”, a limited company existing under the laws of Guernsey, having its
registered office at Weighbridge House, Le Pollet, St Peter Port, Guernsey, GY1 1WL, established by the Guernsey Registry
under number 55772 (hereafter the “Sole Shareholder”),
Here represented by Mrs. Sofia Afonso-Da Chao Conde, notary clerk, with professional address in Pétange, by virtue
of a proxy given under private seal on January 28, 2016.
Said proxy, after having been initialled and signed ne varietur by the proxyholder and the undersigned notary, will
remain attached to the present deed to be filed at the same time with the registration authorities.
The appearing party, represented as stated above, is the sole shareholder of “Leopard Germany Holding Hotels S.à r.l.”,
a société à responsabilité limitée, with registered office at 55 avenue Pasteur, L-2311 Luxembourg, registered with the
Registre de Commerce et des Sociétés de Luxembourg under number B 155.841 (the “Company”) incorporated pursuant
to a deed of Maître Joëlle Baden, notary residing in Luxembourg, on September 09, 2010, published in the Memorial C,
Recueil des Sociétés et Associations, number 2441 of November 12, 2010. The Articles of Association of the Company
have last been amended pursuant to a deed of Maître Paul Decker, notary then residing in Luxembourg, on August 13,
2013, published in the Memorial C, Recueil des Sociétés et Associations, number 2641 of October 23, 2013.
All the 5,000 (five thousand) ordinary shares, divided into:
- 500 Class A shares,
- 500 Class B shares,
- 500 Class C shares,
- 500 Class D shares,
- 500 Class E shares,
- 500 Class F shares,
- 500 Class G shares,
- 500 Class H shares,
- 500 Class I shares,
- 500 Class J shares,
all having a nominal value of EUR 200.- (two hundred Euro) each, representing the entire subscribed capital of the
Company amounting to EUR 1,000,000.- (one million Euro) are duly present or represented at the extraordinary general
meeting of the Sole Shareholder of the Company (the “Meeting”), which is thus regularly constituted and can validly
deliberate on all the items of the agenda. The Sole Shareholder present or represented declares that it has had due notice
of, and has been duly informed of the agenda prior to the Meeting.
The agenda of the Meeting is the following:
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1. Decision to dissolve the Company and to put the Company into liquidation;
2. Discharge to the managers;
3. Appointment of one or more liquidators and determination of their powers and remuneration;
4. Miscellaneous.
After deliberation, the following resolutions were taken:
<i>First resolutioni>
In compliance with the law of August 10
th
, 1915 on commercial companies, as amended, the Meeting decides to
dissolve the Company and to put the Company into liquidation (liquidation volontaire) as of the date of the present deed.
<i>Second resolutioni>
The Meeting decides to grant full discharge to the managers of the Company for the exercise of their mandates.
<i>Third resolutioni>
As a consequence of the above taken resolution, the Meeting decides to appoint as liquidator:
Grant Thornton Weber & Bontemps, société anonyme, having its registered office at 20 rue de Bitbourg, L-1273 Lu-
xembourg, registered with the Luxembourg Trade and Companies Register under number B 183.690.
The liquidator has the broadest powers as provided for by Articles 144 to 148 bis of the law of August 10
th
, 1915 on
commercial companies, as amended.
It may accomplish all the acts provided for by Article 145 without requesting the authorization of the shareholders in
the cases in which it is requested.
It may exempt the registrar of mortgages to take registration automatically; renounce all the real rights, preferential
rights, mortgages, actions for rescission; remove the attachment, with or without payment of all the preferential or mort-
gaged registrations, transcriptions, attachments, oppositions or other impediments.
The liquidator is relieved from inventory and may refer to the accounts of the Company.
It may, under its responsibility, for special or specific operations, delegate to one or more proxies such part of its powers
it determines and for the period it will fix.
Nothing else being on the agenda, the Meeting was closed.
The undersigned notary who understands and speaks English, states that upon request of the above appearing persons,
this deed is worded in English followed by a French translation, and that in case of any divergence between the English
and the French text, the English text shall be prevailing.
Whereof, this notarial deed was drawn up in Pétange, on the day appearing at the beginning of this document.
The document having been read and translated to the appearing persons, the members of the office of the Meeting signed
together with us the notary the present original deed.
Suit la traduction française du texte qui précède:
L'an deux mille seize, le quatre février,
Par-devant Maître Jacques KESSELER, notaire de résidence à Pétange,
A comparu:
“Leopard Guernsey Leonardo Hotels Limited”, une limited company de droit de Guernsey, ayant son siège social au
Weighbridge House, Le Pollet, St Peter Port, Guernsey, GY1 1WL, immatriculée auprès du Guernsey Registry sous le
numéro 55772 (ci-après l'«Associé Unique»),
ici dûment représentée par Mme Sofia Afonso-Da Chao Conde, clerc de notaire, demeurant professionnellement à
Pétange, en vertu d'une procuration sous seing privé datée du 28 janvier 2016.
Laquelle procuration, après signature ne varietur par le mandataire et le notaire instrumentaire, demeurera annexée au
présent acte pour être soumis ensemble aux formalités de l'enregistrement.
Laquelle comparante, représentée comme dit ci-avant, déclare être l'associé unique de la société à responsabilité limitée
«Leopard Germany Holding Hotels S.à r.l.», avec siège social au 55 avenue Pasteur, L-2311 Luxembourg, inscrite au
Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 155.841 (la «Société»), constituée suivant acte
reçu par Maître Joëlle Baden, notaire de résidence à Luxembourg, en date du 9 septembre 2010, publié au Mémorial C,
Recueil des Sociétés et Associations, numéro 2441 du 12 novembre 2010. Les statuts de la Société ont été modifiés pour
la dernière fois suivant acte reçu par Maître Paul Decker, notaire alors de résidence à Luxembourg, en date du 13 août
2013, publié au Mémorial C, Recueil des Sociétés et Associations, numéro 2641 du 23 octobre 2013.
Les 5.000 (cinq mille) parts sociales ordinaires, réparties entre
- 500 parts sociales de catégorie A,
- 500 parts sociales de catégorie B,
- 500 parts sociales de catégorie C,
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- 500 parts sociales de catégorie D,
- 500 parts sociales de catégorie E,
- 500 parts sociales de catégorie F,
- 500 parts sociales de catégorie G,
- 500 parts sociales de catégorie H,
- 500 parts sociales de catégorie I,
- 500 parts sociales de catégorie J,
ayant toutes une valeur nominale de EUR 200,- (deux cents euros) chacune, représentant la totalité du capital souscrit
de la Société d'un montant de EUR 1.000.000,00 (un million d'euros) sont présentes ou représentées à l'assemblée extraor-
dinaire qui est par conséquent valablement constituée et peut délibérer sur les points portés à l'ordre du jour. L'Associé
Unique présent ou représenté déclare avoir été dûment convoqué à l'assemblée générale extraordinaire de l'Associé Unique
(«l'Assemblée») et informé de l'ordre du jour au préalable.
Que la présente Assemblée a pour ordre du jour:
1. Décision de dissoudre la Société et de mettre la Société en liquidation;
2. Décharge à donner au Conseil de gérance;
3. Nomination d'un ou de plusieurs liquidateurs et détermination de leurs pouvoirs et rémunération;
4. Divers.
Suite à cet ordre du jour, les résolutions suivantes ont été prises à l'unanimité:
<i>Première résolutioni>
Conformément à la loi du 10 août 1915 concernant les sociétés commerciales, telle qu'elle a été modifiée, l'Assemblée
décide de dissoudre la Société et de la mettre en liquidation volontaire à partir de la date du présent acte.
<i>Deuxième résolutioni>
L'Assemblée décide de donner décharge pleine et entière aux gérants de la Société pour l'exercice de leurs mandats.
<i>Troisième résolutioni>
Suite à la résolution qui précède, l'Assemblée décide de nommer en qualité de liquidateur:
Grant Thornton Weber & Bontemps, société anonyme, ayant son siège social au 20 rue de Bitbourg, L-1273 Luxem-
bourg, immatriculée auprès du Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 183.690.
Le liquidateur a les pouvoirs les plus étendus prévus par les articles 144 à 148 bis de la loi du 10 août 1915 concernant
les sociétés commerciales, telle qu'elle a été modifiée.
Il peut accomplir tous les actes prévus à l'article 145 sans devoir recourir à l'autorisation des actionnaires dans les cas
où elle est requise.
Il peut dispenser le conservateur des hypothèques de prendre inscription d'office; renoncer à tous droits réels, privilèges,
hypothèques, actions résolutoires; donner mainlevée, avec ou sans paiement de toutes inscriptions privilégiées ou hypo-
thécaires, transcriptions, saisies, oppositions ou autres empêchements.
Le liquidateur est dispensé de l'inventaire et peut se référer aux comptes de la Société.
Il peut, sous sa responsabilité, pour des opérations spéciales ou déterminées, déléguer à un ou plusieurs mandataires
telle partie de ses pouvoirs qu'il détermine et pour la durée qu'il fixera.
Plus rien n'étant à l'ordre du jour, la séance est levée.
Le notaire soussigné qui comprend et parle l'anglais, déclare que sur demande de la comparante, le présent acte est rédigé
en anglais, suivi d'une version française. A la demande de la comparante et en cas de divergences entre le texte anglais et
le texte français, la version anglaise fera foi.
Dont acte, fait et passé à Pétange, date qu'en tête des présentes.
Et après lecture faite donnée aux comparants, tous connus du notaire par noms, prénoms usuels, états et demeures, tous
ont signé avec Nous notaire le présent acte.
Signé: Conde, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 10 février 2016. Relation: EAC/2016/3678. Reçu douze euros 12,00 €.
<i>Le Receveuri> (signé): Santioni A.
POUR EXPEDITION CONFORME
Référence de publication: 2016080247/143.
(160046044) Déposé au registre de commerce et des sociétés de Luxembourg, le 16 mars 2016.
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Firstcom Europe S.à r.l., Société à responsabilité limitée.
Siège social: L-1273 Luxembourg, 19, rue de Bitbourg.
R.C.S. Luxembourg B 188.635.
In the year two thousand and fifteen, on the third day of November.
Before us, Maître Jacques Kesseler, notary residing in Petange, Grand Duchy of Luxembourg
THERE APPEARED:
1. Mr. Jean Pierre Vandromme, born in Ieper, Belgium, on 6 October 1953, professionally residing in 7 Farmleigh Grove,
Hersham, Walton on Thames, KT12 5BU, United Kingdom;
here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, professionally residing in Pétange, by virtue
of a proxy,
2. Mr. Adam Alexander Crisp, born in Basingstoke, United Kingdom, on 27 May 1974, professionally residing in 20
Goldfinch Close, Bicester, OX26 6TZ, United Kingdom;
here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, professionally residing in Pétange, by virtue
of a proxy, and
3. Mr. Carlos Riera, born in Barcelona, Spain, on 25 August 1966, professionally residing in Hantverkargatan 22,
Stockholm, Sweden 122 21;
here represented by Mrs Sofia AFONSO-DA CHAO CONDE, notary clerk, professionally residing in Pétange, by virtue
of a proxy,
The said proxies, initialled ne varietur by the proxyholder of the appearing parties and the notary, shall remain annexed
to this deed to be filed at the same time with the registration authorities.
Such appearing parties are all the shareholders, representing the entire share capital of Firstcom Europe S.à r.l. (herei-
nafter the “Company”), a société à responsabilité limitée, having its registered office at 19, rue de Bitbourg, L-1273
Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies' register under
number B 188635, incorporated pursuant to a deed of Maître Henri Hellinckx, notary residing in Luxembourg, Grand
Duchy of Luxembourg, on 7
th
July 2014, published in the Mémorial C, Recueil des Sociétés et Associations n° 2484 on
15
th
September 2014. The articles of association were amended for the last time pursuant to a deed of Maître Carlo Wersandt
dated 31
st
October 2014 published in the Mémorial C, Recueil des Sociétés et Associations n°204 on 27
th
January 2015.
The appearing parties representing the entire share capital declare having waived any notice requirement, the general
meeting of shareholders is regularly constituted and may validly deliberate on all the items of the following agenda:
<i>Agendai>
1. Decrease of the nominal value of the shares of the Company from currently one euro (EUR 1) per share to ten euro
cents (EUR 0.10) per share resulting in a share capital of thirteen thousand three hundred five euros (EUR 13,305) composed
of one hundred thirty-three thousand and fifty (133,050) shares.
2. Creation of new classes of shares and conversion of the one hundred thirty-three thousand and fifty (133,050) existing
shares into one hundred thirty-three thousand and fifty (133,050) Class B Shares.
3. Increase of the share capital of the Company from its current amount of thirteen thousand three hundred five euros
(EUR 13,305) represented by one hundred thirty-three thousand and fifty (133,050) Class B Shares with a nominal value
of ten euro cents (EUR 0.10) each up to sixteen thousand eight hundred thirty-six euros and forty euro cents (EUR 16.836,40)
through the issue of thirty-four thousand two hundred thirteen (34,213) class A shares with a nominal value of ten euro
cents (EUR 0.10) each, one thousand one (1,001) class C shares with a nominal value of ten euro cents (EUR 0.10) each
and one hundred (100) class D shares with a nominal value of ten euro cents (EUR 0.10) each and acceptance of Share
Nominees Limited, Naya Investments Holdings Inc, Michael Patton, Roy Merritt, Tim Woodcock, David Pitman, Brett
Hochfeld and Beechbrook Mezzanine II S.a r.l as new shareholders of the Company.
4. Amendment of article 5 of the articles of association of the Company (the “Articles”) relating to the share capital of
the Company.
5. Amendment of article 19 of the Articles relating to the representation of the Company towards third parties.
6. Further amendments and full restatement of the Articles.
7. Appointment of new manager(s) to the board of managers of the Company.
8. Miscellaneous.
Having duly considered each item on the agenda, the general meeting of shareholders unanimously takes, and requires
the undersigned notary to enact, the following resolutions:
<i>First resolutioni>
The general meeting of shareholders decides to decrease the nominal value of the shares of the Company from currently
one euro (EUR 1) per share to ten euro cents (EUR 0.10) per share resulting in a share capital of thirteen thousand three
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hundred five euros (EUR 13,305) consisting of one hundred thirty-three thousand and fifty (133,050) shares subdivided
into class A shares and class B1 to B9 shares.
<i>Second resolutioni>
The general meeting of shareholders decides to create the following classes of shares:
- class A1 shares;
- class A2 shares;
- class A3 shares;
- class A4 shares;
- class A5 shares
- class B1 shares;
- class B2 shares;
- class B3 shares;
- class B4 shares;
- class B5 shares;
- class C1 shares;
- class C2 shares;
- class C3 shares;
- class C4 shares;
- class C5 shares;
- class D1 shares;
- class D2 shares;
- class D3 shares;
- class D4 shares;
- class D5 shares and
- class Deferred shares;
each having a nominal value of ten euro cents (EUR 0.10) and to convert the one hundred thirty-three thousand and fifty
(133,050) existing shares of the Company subdivided into class A shares and class B1 to B9 shares into one hundred thirty-
three thousand and fifty (133,050) class B shares allocated to the shareholders on a pro rata basis, and subdivided as follows:
- twenty-six thousand six hundred ten (26,610) class B1 shares;
- twenty-six thousand six hundred ten (26,610) class B2 shares;
- twenty-six thousand six hundred ten (26,610) class B3 shares;
- twenty-six thousand six hundred ten (26,610) class B4 shares; and
- twenty-six thousand six hundred ten (26,610) class B5 shares.
<i>Third resolutioni>
The general meeting of shareholders decides to increase the Company's share capital by an amount of three thousand
five hundred thirty-one euros and forty euro cents (EUR 3,531.40) up to sixteen thousand eight hundred thirty-six euros
and forty euro cents (EUR 16,836.40) through the issue of:
- six thousand eight hundred forty-four (6,844) class A1 shares;
- six thousand eight hundred forty-four (6,844) class A2 shares;
- six thousand eight hundred forty-four (6,844) class A3 shares;
- six thousand eight hundred forty-four (6,844) class A4 shares;
- six thousand eight hundred thirty-seven (6,837) class A5 shares;
- one hundred ninety-nine (199) class C1 shares;
- one hundred ninety-nine (199) class C2 shares;
- one hundred ninety-nine (199) class C3 shares;
- one hundred ninety-nine (199) class C4 shares;
- two hundred five (205) class C5 shares;
- twenty (20) class D1 shares;
- twenty (20) class D2 shares;
- twenty (20) class D3 shares;
- twenty (20) class D4 shares; and
- twenty (20) class D5 shares;
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each having a nominal value of ten euro cents (EUR 0.10).
The thirty-five thousand three hundred fourteen (35,314) new shares issued have been subscribed as follows:
- fourteen (14) class D1 shares;
- fourteen (14) class D2 shares;
- fourteen (14) class D3 shares;
- fourteen (14) class D4 shares; and
- fourteen (14) class D5 shares;
have been subscribed by Mr. Jean Pierre Vandromme, aforementioned, for the price of two thousand eight hundred
euros (EUR 2,800);
- three (3) class D1 shares;
- three (3) class D2 shares;
- three (3) class D3 shares;
- three (3) class D4 shares; and
- four (4) class D5 shares;
have been subscribed by Mr. Adam Alexander Crisp, aforementioned, for the price of six hundred forty euros (EUR
640);
- three (3) class D1 shares;
- three (3) class D2 shares;
- three (3) class D3 shares;
- three (3) class D4 shares; and
- two (2) class D5 shares;
have been subscribed by Mr. Carlos Riera, aforementioned, for the price of five hundred sixty euros (EUR 560);
- one hundred and eighty-two (182) class A1 shares;
- one hundred and eighty-two (182) class A2 shares;
- one hundred and eighty-two (182) class A3 shares;
- one hundred and eighty-two (182) class A4 shares;
- one hundred and eighty-four (184) class A5 shares;
- fifty-three (53) class C1 shares;
- fifty-three (53) class C2 shares;
- fifty-three (53) class C3 shares;
- fifty-three (53) class C4 shares; and
- fifty-five (55) class C5 shares;
have been subscribed by Michael Patton, professionally residing at 11 St Georges Road, Twickenham, TW1 1QS, for
the price of one hundred twenty-four thousand four hundred sixty euros and eighty-four euro cents (EUR 124,460.84);
- one hundred and eighty-two (182) class A1 shares;
- one hundred and eighty-two (182) class A2 shares;
- one hundred and eighty-two (182) class A3 shares;
- one hundred and eighty-two (182) class A4 shares;
- one hundred and eighty-four (184) class A5 shares;
- fifty-three (53) class C1 shares;
- fifty-three (53) class C2 shares;
- fifty-three (53) class C3 shares;
- fifty-three (53) class C4 shares; and
- fifty-five (55) class C5 shares;
have been subscribed by Tim Woodcock, professionally residing at 71 Popes Avenue, Twickenham, TW2 5TD, for the
price of one hundred twenty-four thousand four hundred sixty euros and eighty-four euro cents (EUR 124,460.84);
- one hundred and eighty-two (182) class A1 shares;
- one hundred and eighty-two (182) class A2 shares;
- one hundred and eighty-two (182) class A3 shares;
- one hundred and eighty-two (182) class A4 shares;
- one hundred and eighty-four (184) class A5 shares;
- fifty-three (53) class C1 shares;
- fifty-three (53) class C2 shares;
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- fifty-three (53) class C3 shares;
- fifty-three (53) class C4 shares; and
- fifty-five (55) class C5 shares;
have been subscribed by Roy Merritt, professionally residing at 21 Grove Park Gardens, London, W4 3RY, for the price
of one hundred twenty-four thousand four hundred sixty euros and eighty-four euro cents (EUR 124,460.84);
- one hundred and forty-eight (148) class A1 shares;
- one hundred and forty-eight (148) class A2 shares;
- one hundred and forty-eight (148) class A3 shares;
- one hundred and forty-eight (148) class A4 shares;
- one hundred and forty-seven (147) class A5 shares;
- five (5) class C1 shares;
- five (5) class C2 shares;
- five (5) class C3 shares;
- five (5) class C4 shares; and
- five (5) class C5 shares;
have been subscribed Naya Investments Holdings Inc, a company incorporated under the laws of the British Virgin
Islands, having its registered office at Vanterpool Plaza, Wickhams Cay I, Road Town, Tortola, BVI, for the price of ninety-
seven thousand two hundred sixty-three euros and sixty-five euro cents (EUR 97,263.65);
- seventy-six (76) class A1 shares;
- seventy-six (76) class A2 shares;
- seventy-six (76) class A3 shares;
- seventy-six (76) class A4 shares;
- seventy-five (75) class A5 shares;
- twenty-four (24) class C1 shares;
- twenty-four (24) class C2 shares;
- twenty-four (24) class C3 shares;
- twenty-four (24) class C4 shares; and
- twenty-four (24) class C5 shares;
have been subscribed by David Pitman, professionally residing at 27 Ranelagh Avenue, London SW6 3PJ, for the price
of fifty-one thousand eight hundred ninety-one euros and seventy-seven euro cents (EUR 51,891.77);
- four thousand three hundred and thirty-seven (4,337) class A1 shares;
- four thousand three hundred and thirty-seven (4,337) class A2 shares;
- four thousand three hundred and thirty-seven (4,337) class A3 shares;
- four thousand three hundred and thirty-seven (4,337) class A4 shares;
- four thousand three hundred and twenty-seven (4,327) class A5 shares;
- five (5) class C1 shares;
- five (5) class C2 shares;
- five (5) class C3 shares;
- five (5) class C4 shares; and
- five (5) class C5 shares;
have been subscribed by Share Nominees Limited, a company incorporated under the laws of England and Wales,
registered with number 02476691, having its registered office at Oxford House, Oxford Road, Aylesbury, Buckinghams-
hire, HP21 8SZ, for the price of two million eight hundred thirty-nine thousand four hundred eighty euros and five euro
cents (EUR 2,839,480.05);
- nineteen (19) class A1 shares;
- nineteen (19) class A2 shares;
- nineteen (19) class A3 shares;
- nineteen (19) class A4 shares;
- nineteen (19) class A5 shares;
- six (6) class C1 shares;
- six (6) class C2 shares;
- six (6) class C3 shares;
- six (6) class C4 shares; and
- six (6) class C5 shares;
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have been subscribed by Brett Hochfeld, professionally residing at 7 Latchmere Lodge, Church Road, Richmond, TW10
5HG for the price of thirteen thousand five euros and sixty-nine euro cents (EUR 13,005.69);
- one thousand seven hundred and eighteen (1,718) class A1 shares;
- one thousand seven hundred and eighteen (1,718) class A2 shares;
- one thousand seven hundred and eighteen (1,718) class A3 shares;
- one thousand seven hundred and eighteen (1,718) class A4 shares; and
- one thousand seven hundred and seventeen (1,717) class A5 shares;
have been subscribed by Beechbrook Mezzanine II S.a r.l, a société à responsabilité limitée, incorporated and existing
under the laws of the Grand Duchy of Luxembourg, with registered office at 2-8, Avenue Charles de Gaulle L-1653
Luxembourg and registered with the Luxembourg Trade and Companies Register under number B 178669, for the price
of one million one hundred twenty-five thousand euros (EUR 1,125,000);
The shares so subscribed have been fully paid-up by contributions in cash in an aggregate amount of four million five
hundred four thousand twenty-three euros and sixty-eight euro cents (EUR 4,504,023.68); so that the amount of four million
five hundred four thousand twenty-three euros and sixty-eight euro cents (EUR 4,504,023.68) is as of now available to the
Company,
The total contribution in the amount of four million five hundred four thousand twenty-three euros and sixty-eight euro
cents (EUR 4,504,023.68) consists of three thousand five hundred thirty-one euros and forty euro cents (EUR 3,531.40) to
be allocated to the share capital and four million five hundred thousand four hundred ninety-two euros and twenty-eight
euro cents (EUR 4,500,492.28) to be allocated to the share premium.
The general meeting of shareholders expressly and unanimously confirms its agreement with the issue of the above-
mentioned shares and accepts each of Share Nominees Limited, Naya Investments Holdings Inc, Michael Patton, Roy
Merritt, Tim Woodcock, David Pitman, Brett Hochfeld and Beechbrook Mezzanine II S.a r.l., aforementioned, as new
shareholders of the Company in accordance with article 189 of the Luxembourg law on commercial companies as amended.
Then each of Share Nominees Limited, Naya Investments Holdings Inc, Michael Patton, Roy Merritt, Tim Woodcock,
David Pitman, Brett Hochfeld and Beechbrook Mezzanine II S.a r.l., aforementioned, here represented by Mrs Sofia
AFONSO-DA CHAO CONDE, prenamed, by virtue of proxies, joins the general meeting of shareholders of the Company
and resolves together with the other shareholders on the subsequent items of the agenda.
The said proxies initialled ne varietur by the proxyholder of the appearing parties and the notary, shall remain annexed
to this deed to be filed at the same time with the registration authorities.
<i>Fourth resolutioni>
As a consequence of the preceding resolution, the general meeting of shareholders decides to amend article 5 of the
Articles which shall henceforth read as follows:
“ Art. 5. Share capital.
5.1 The share capital of the Company as at the date of the adoption of these Articles is set at sixteen thousand, eight
hundred and thirty six euros and forty cents (EUR 16,836.40) divided into A Shares, B Shares, C Shares, D Shares and
Deferred Shares, each of them having the same nominal value of ten euro cents (EUR 0.10), subdivided as follows:
- six thousand eight hundred forty-four (6,844) class A1 shares;
- six thousand eight hundred forty-four (6,844) class A2 shares;
- six thousand eight hundred forty-four (6,844) class A3 shares;
- six thousand eight hundred forty-four (6,844) class A4 shares;
- six thousand eight hundred thirty-seven (6,837) class A5 shares;
- twenty-six thousand six hundred ten (26,610) class B1 shares;
- twenty-six thousand six hundred ten (26,610) class B2 shares;
- twenty-six thousand six hundred ten (26,610) class B3 shares;
- twenty-six thousand six hundred ten (26,610) class B4 shares;
- twenty-six thousand six hundred ten (26,610) class B5 shares;
- one hundred ninety-nine (199) class C1 shares;
- one hundred ninety-nine (199) class C2 shares;
- one hundred ninety-nine (199) class C3 shares;
- one hundred ninety-nine (199) class C4 shares;
- two hundred five (205) class C5 shares;
- twenty (20) class D1 shares;
- twenty (20) class D2 shares;
- twenty (20) class D3 shares;
- twenty (20) class D4 shares;
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- twenty (20) class D5 shares;
- zero (0) class Deferred Shares.
5.2 No Deferred Shares are in issue on the date of adoption of these Articles.
5.3 The Company's share capital may be increased or reduced by a resolution of the general meeting of Shareholders
adopted in the manner required for an amendment of these Articles.
5.4 The share capital of the Company may be reduced through cancellation of shares including by cancellation of one
or more entire classes of shares through repurchase and cancellation of the Shares in issue in such class(es).
5.5 Whenever as a result of a consolidation of Shares any Shareholders would become entitled to fractions of a share,
the Managers may, on behalf of those Shareholders, sell the Shares representing the fractions for the best price reasonably
obtainable to any person (including, subject to the provisions of the Act, the Company) and distribute the net proceeds of
sale in due proportion among those members, and the Managers may authorise some person to execute an instrument of
transfer of the Shares to, or in accordance with the directions of, the purchaser. The transferee shall not be bound to see to
the application of the purchase money nor shall his title to the Shares be affected by any irregularity in or invalidity of the
proceedings in reference to the sale.”
<i>Fifth resolutioni>
The general meeting of shareholders further decides to amend article 19 of the Articles which shall henceforth read as
follows:
“ Art. 19. Dealing with third parties. The Company shall be bound towards third parties in all circumstances (i) by the
signature of the sole Manager, or, if the Company has several Managers, by the individual signature of any Manager, or
(ii) by the joint signatures or the sole signature of any person(s) to whom such signatory power may have been delegated
by the board of Managers within the limits of such delegation.”
<i>Sixth resolutioni>
The general meeting of shareholders decides to further amend and to fully restate the Articles which shall henceforth
read as follows:
<i>“Contentsi>
Clause Heading
Page
1
Preliminary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
2
Legal Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
3
Share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
4
Share rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
5
Class rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
6
Lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
7
Calls on shares and forfeiture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
8
Issues of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
9
Provisions applying on every transfer of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
10
Permitted transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
11
Voluntary transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
12
Compulsory transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35
13
Come along option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38
14
Tag Along Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40
15
Co-Sale right . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40
16
Prohibited transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
42
17
General meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
43
18
Managers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
45
19
Secretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49
20
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
50
21
Means of communication to be used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
50
1. Definitions and Interpretation.
1.1 In these Articles:
“1915 Law”
means the law of 10 August 1915 concerning commercial companies, as amended;
“A1 Shares”
the A1 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“A2 Shares”
the A2 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
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“A3 Shares”
the A3 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“A4 Shares”
the A4 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“A5 Shares”
the A5 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
"A Shares"
means the A1 Shares, the A2 Shares, the A3 Shares, the A4 Shares and the A5 Shares;
"A Shareholders"
means together the First A Shareholders, the Second A Shareholders and the Third A
Shareholders;
"Act"
means the United Kingdom Companies Act 2006;
“Adoption Date”
3 November 2015;
"Affiliate"
means, in relation to an Investor (including an Investor which is a unit trust, investment
trust, limited partnership or general partnership):
(a) any company, fund or other person (including any unit trust, investment trust, limited
partnership or general partnership) which is advised by, or the assets of which are
managed (whether solely or jointly with others) for the time being by, that Investor;
(b) any company, fund or other person (including any unit trust, investment trust, limited
partnership or general partnership) of which that Investor, or that Investor's general
partner, trustee, nominee, manager or adviser, is for the time being a general partner,
trustee, nominee, manager or adviser; or
(c) any company, fund or other person (including any unit trust, investment trust, limited
partnership or general partnership) which is advised by, or the assets of which are
managed (whether solely or jointly with others) for the time being by, that Investor's
general partner, trustee, nominee, 11 manager or adviser;
"Auditors"
means the auditors or accountants of the Company as appointed from time to time;
“Bad Leaver”
1. means any Executive or employee who at any time after the Adoption Date:
2. (a) is dismissed for gross misconduct (and such dismissal is not wrongful dismissal
or unfair dismissal); or
3. (b) resigns in circumstances where any member of the Group would properly have
been entitled to dismiss him for gross misconduct; or
4. (c) ceases to be employed by or ceases to hold the office of Executive Manager of any
Group company other than by reason of:-
5. (i) his leaving employment for reasons of ill health or disability as certified to the
Board's reasonable satisfaction by an independent doctor or where the death or long term
illness or disability of a spouse, parent, long term partner or child of his makes it
reasonably necessary for him to provide care by himself to that spouse, parent, partner
or child;
6. (ii) his death; or
7. (iii) his resignation in circumstances where the Board (with the consent of the
Manager) agrees that he has reached the appropriate retirement age for his position with
the Company;
“B1 Shares”
the B1 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“B2 Shares”
the B2 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“B3 Shares”
the B3 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“B4 Shares”
the B4 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“B5 Shares”
the B5 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“B Shares”
means the B1 Shares, the B2 Shares, the B3 Shares, the B4 Shares and the B5 Shares;
“Beechbrook”
has the meaning given to it in the Investment Agreement;
“Beechbrook A Shareholder” means the holder of the A Shares allotted to Beechbrook;
"Beechbrook Group"
means:
(a) any group undertaking of Beechbrook;
(b) any Affiliate of Beechbrook or any investor or potential investor in it;
(c) any general partner, limited partner, trustee, nominee, operator, arranger or manager
of, or adviser to, Beechbrook or of or to any group undertaking or Affiliate of
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Beechbrook, or any investor or potential investor in it;
(d) any co-investment scheme of Beechbrook or of a group undertaking or Affiliate of
Beechbrook, or any person holding shares or other interests under such scheme or entitled
to the benefit of shares or other interests under such scheme;
(e) any manager, employee, officer or agent of Beechbrook or of a group undertaking
or Affiliate of Beechbrook; and
(f) any professional adviser to Beechbrook or to a group undertaking or Affiliate of
Beechbrook (including their managers, employees, officers or agents while acting in the
course of their duties),
and "member of Beechbrook's Group" shall be construed accordingly;
"Board"
means the board of Managers of the Company from time to time;
"Board Invitees"
means a person or persons being employees or officers of the Group or the trustees of
any Employee Benefit Trust of, and any actual or proposed employees of, any member
of the Group selected (in the sixty (60) business days immediately following the date on
which the Sale Price is agreed or determined) by the Board with Investor Consent. If no
such selection occurs for whatever reason in this period then the Investor Manager may
select the Board Invitees with a further period of sixty (60) business days;
"business day"
means a day (other than a Saturday, Sunday or a public holiday) on which clearing banks
in the City of London and Luxembourg are normally open for usual sterling banking
business;
“Buyback Hurdle”
means an amount in excess of the Issue Price plus 3% (three per cent) compounded per
year from the Adoption Date being paid to each A Shareholder in respect of each A Share
redeemed, purchased or bought back pursuant to Article 4.9;
“C1 Shares”
the C1 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“C2 Shares”
the C2 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“C3 Shares”
the C3 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“C4 Shares”
the C4 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“C5 Shares”
the C5 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“C Shares”
means collectively the C1 Shares, the C2 Shares, the C3 Shares, the C4 Shares and the
C5 Shares;
"C Shareholders"
means the holders of C Shares;
"Change of Control"
means the bona fide acquisition or series of acquisitions by the same person on arm's
length commercial terms (whether by purchase, transfer, renunciation or otherwise but
excluding a transfer of Shares made in accordance with Article 10) by any person not
an original party (or a person who has become a party pursuant to the Investment
Agreement save where they have become a party as a result of the first of a series of
related acquisitions) to the Investment Agreement ("a Third Party Buyer") of any interest
in any Shares if, upon completion of that acquisition the Third Party Buyer, together
with persons acting in concert with him and/or his Connected Persons, would hold more
than 50 per cent of the Shares;
"Conflict Situation"
means any matter which (unless authorised in accordance with these Articles) might
result in a Manager infringing his duties under section 175 of the Act to avoid a situation
in which he has, or can have, a direct or indirect interest that conflicts, or may possibly
conflict, with the interests of the Company and which may reasonably be regarded as
likely to give rise to a conflict of interest;
"Connected Person"
has the meaning attributed by sections 1122 and 1123 CTA 2010;
"Control"
has the meaning attributed by section 1124 CTA 2010 and "Controlled" shall be
construed accordingly;
"CTA 2010"
means the United Kingdom Corporation Tax Act 2010;
"Deemed Transfer Notice"
has the meaning given in Article 12.2;
“Deferred Shares”
means the deferred shares with a nominal value of ten euro cents (EUR 0.10) each in the
capital of the Company having the rights set out in these Articles;
“Disposal”
means the disposal by one or more Group Companies of all or substantially all of the
business or assets of the Group including a sale by the Company of a subsidiary;
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“D1 Shares”
the D1 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“D2 Shares”
the D2 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“D3 Shares”
the D3 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“D4 Shares”
the D4 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“D5 Shares”
the D5 shares with a nominal value of ten euro cents (EUR 0.10) each in the capital of
the Company;
“D Shares”
Means collectively the D1 Shares, the D2 Shares, the D3 Shares, the D4 Shares and the
D5 Shares;
“Employee Benefit Trust”
means an employee benefit trust established by the Company with Investor Consent;
"Excess Shares"
has the meaning given in Article 8.1(b);
"Executives"
has the meaning given to it in the Investment Agreement;
"Exit Event"
means a Share Sale;
"financial year" and
"financial period"
the financial year of the Company shall begin on the first of January of each year and
shall end on the thirty-first of December of the same year;
“First A Shareholders”
means those holders of A Shares, as notified by the Board, being the first A shareholders;
“Good Leaver”
means any Executive or employee who leaves the employment of the Group and who is
not a Bad Leaver;
"Group"
means the Company, all its subsidiaries or subsidiary undertakings from time to time
and "member of the Group" and "Group Company" shall be construed accordingly;
“Hurdle”
means an amount in excess of the aggregate Issue Price plus 3% (three per cent)
compounded per year from the Adoption Date being distributed to the A Shareholders;
"Independent Expert"
means:
(a) the Auditors; or
(b) if the Auditors are unwilling or unable to act, another umpire:
(i) nominated by the parties concerned within 15 (fifteen) business days of the Trigger
Date; or
(ii) in the event that no such an umpire is nominated in such period, appointed by the
President from time to time of the Institute of Chartered Accountants in England and
Wales,
and the Auditors or such other umpire shall act as an expert and not as an arbitrator;
"Investment Agreement"
means any investment agreement that may be entered into from time to time between
the Shareholders;
"Investor Consent"
means the giving of a prior written consent by the Oakfield Investor Director;
"Investors"
the Oakfield Investors;
“Investor Manager”
means the Oakfield Investor Director;
“ITA 2007”
means the United Kingdom Income Tax Act 2007;
“Issue Price”
means, in relation to a Share, the price at which such Share is issued, being the aggregate
of the amount paid up or credited as paid up in respect of the nominal value of such Share
and any share premium thereon;
“Luxembourg Companies
Law”
means the Luxembourg law of 10 August 1915 on commercial companies, as amended
from time to time;
“Oakfield Investors”
has the meaning given to it in the Investment Agreement;
”Oakfield Investor Director” has the meaning given to it in the Investment Agreement;
"Oakfield Investor's Group"
means, in relation to the Oakfield Manager:
(a) any group undertaking of the Oakfield Manager;
(b) any Affiliate of the Oakfield Manager or any investor or potential investor in it;
(c) any general partner, limited partner, trustee, nominee, operator, arranger or manager
of, or adviser to, the Oakfield Manager or of or to any group undertaking or Affiliate of
the Oakfield Manager, or any investor or potential investor in it;
(d) any co-investment scheme of the Oakfield Manager or of a group undertaking or
Affiliate of the Oakfield Manager, or any person holding shares or other interests under
such scheme or entitled to the benefit of shares or other interests under such scheme;
(e) any manager, employee, officer or agent of the Oakfield Manager or of a group
undertaking or Affiliate of the Oakfield Manager; and
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(f) any professional adviser to the Oakfield Manager or to a group undertaking or
Affiliate of the Oakfield Manager (including their managers, employees, officers or
agents while acting in the course of their duties),
and "member of an Oakfield Investor's Group" shall be construed accordingly;
”Oakfield Manager ”
has the meaning given to it in the Investment Agreement;
"Portfolio Company"
means:
(a) the Company;
(b) any Group Company;
(c) any body corporate promoted by the Company; and
(d) any other body corporate or other entity in which the Company, an Investor or a
member of an Oakfield Investor's Group is otherwise interested;
"Pre-Authorised Investor
Manager Situations"
means the following Conflict Situations:
(a) holding any office, employment or engagement with an Investor, a member of an
Oakfield Investor's Group, any Group Company or any Portfolio Company;
(b) holding, or otherwise being interested, directly or indirectly, actually or potentially
(including for the avoidance of doubt in relation to any carried interest or similar
arrangement or through the direct or indirect participation in any co-investment scheme),
in any shares or debentures or other securities or interests (or any rights to acquire or
options over or any other rights in respect of any shares or debentures or other securities
or interests) in an Investor, a member of an Oakfield Investor's Group, any Group
Company or any Portfolio Company;
(c) being, and acting as a representative of the Investors (or any of them) for the purposes
of monitoring and evaluating their investment in the Company and the Group which may
include:
(i) attending and voting at meetings of the Managers (or any committee thereof) of any
Group Company at which any relevant matter will or may be discussed and receiving
board papers relating thereto;
(ii) receiving confidential information and other documents and information relating to
the Group, using and applying such information in performing his duties as a Manager,
officer or employee of, or consultant to, an Investor, a member of an Oakfield Investor's
Group, any other Group Company or any Portfolio Company and disclosing information
to third parties in accordance with these Articles or the Investment Agreement; and
(iii) giving or withholding consent or giving any direction or approval under these
Articles or the Investment Agreement;
"Pre-Authorised Situations"
means the following Conflict Situations:
(a) holding any office, employment or engagement with any Group Company;
(b) participating in any scheme, transaction or arrangement for the benefit of the
employees or former employees of any Group Company (including any pension fund or
retirement, death or disability scheme or any bonus or employee benefit scheme); or
(c) holding, or otherwise being interested, directly or indirectly, actually or potentially,
in any shares or debentures or other securities or interests (or any rights to acquire or
options over or any other rights in respect of any shares or debentures) in any Group
Company;
"Relevant Person"
means a person:
(a) who is an employee of any Group Company and who is a holder of A Shares or B
Shares (whether solely or jointly with any other person); or
(b) who is an employee of any Group Company and who has established a family trust
(in accordance with Article 10.5) which holds A Shares or B Shares or who has
transferred either A Shares or B Shares to a family member (in accordance with Article
10.5); or
(c) who is a permitted transferee (whether directly or by means of a series of Permitted
Transfers) who holds A Shares or B Shares who is or was an employee of any Group
Company; or
(d) who holds A Shares or B Shares as nominee for a permitted transferee (whether
directly or by means of a series of Permitted Transfers) of a person who is or was a holder
of A Shares or B Shares who is or was an employee of any Group Company;
“Sale”
means the sale of (or the grant of a right to acquire or dispose of) any Shares (in one
transaction or as a series of transactions) which will result in the purchaser of such Shares
(or grantee of such right) and persons connected (in terms of section 1122 of CTA 2010)
with him together having a Controlling Interest directly or indirectly;
"Sale Price"
has the meaning given to it in Article 11.5;
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“Second A Shareholders”
means those holders of A Shares, as notified by the Board, being the second A
shareholders;
"Share" and “share”
means any share in the capital of the Company from time to time (and "Shares" and
“share” shall be construed accordingly);
"Shareholder"
means a holder of any Share;
"Third Party Buyer"
has the meaning given to it in the definition of "Change of Control";
“Third A Shareholders”
means those holders of A Shares, as notified by the Board, being the third A shareholders;
"Transfer Event"
has the meaning given in Article 12.1;
"voting rights"
shall be construed in accordance with schedule 6 of the Act; and
“Warranties”
shall have the same meaning as in the Investment Agreement.
1.1 In these Articles, a reference to a "group undertaking" or a "subsidiary undertaking" is to be construed in accordance
with sections 1161 and 1162 respectively of the Act and a reference to a "subsidiary" or "holding company" is to be construed
in accordance with section 1159 of the Act.
1.2 A reference in these Articles to a statute, statutory provision or sub-ordinate legislation (other than in Article 1) is
a reference to it as it is in force from time to time, taking account of:
(a) any subordinate legislation from time to time made under it, and
(b) any amendment or re-amendment and includes any statute, statutory provision or sub-ordinate legislation which it
amends or re-enacts.
1.3 In these Articles, a reference to any other document is a reference to that other document as amended, varied, novated
or supplemented (other than in breach of the provisions of the relevant other document) from time to time.
1.4 Unless the context otherwise requires (for example, where otherwise defined herein), words or expressions defined
in or having a meaning provided by the Act (as in force at the date these Articles became binding on the Company) shall
have the same meaning when used in these Articles.
1.5 Where an ordinary resolution is expressed to be required for any purpose, a special resolution is also effective for
that purpose.
1.6 The headings in these Articles are for convenience only and shall not affect their meaning.
1.7 A reference in these Articles to an Article is a reference to the relevant Article of these Articles unless expressly
provided otherwise.
1.8 In construing these Articles, general words introduced by the word "other" shall not be given a restrictive meaning
by reason of the fact that they are preceded by words indicating a particular class of acts, matters or things and general
words shall not be given a restrictive meaning by reason of the fact that they are followed by particular examples intended
to be embraced by the general words.
2. Legal Form and Name.
2.1 There exists a private limited company (société à responsabilité limitée) under the name Firstcom Europe S.à r.l.
(hereinafter the “Company”) which shall be governed by the 1915 Law, as well as by the present Articles.
Purpose
2.2 The purpose of the Company is the holding of participations, in any form whatsoever, in Luxembourg and foreign
companies and any other form of investment, the acquisition by purchase, subscription or in any other manner as well as
the transfer by sale, exchange or otherwise of securities of any kind and the administration, management, control and
development of its portfolio.
2.3 The Company may further guarantee, grant security in favour of third parties to secure its obligations or the obli-
gations of companies in which it holds a direct or indirect participation or which form part of the same group of companies
as the Company, grant loans or otherwise assist the companies in which it holds a direct or indirect participation or which
form part of the same group of companies as the Company.
2.4 The Company may, except by way of public offering, raise funds especially through borrowing in any form or by
issuing any kind of notes, securities or debt instruments, bonds and debentures and generally issue securities of any type.
2.5 The Company may carry out any commercial, industrial, financial, real estate or intellectual property activities which
it considers useful for the accomplishment of these purposes.
Duration
2.6 The Company is incorporated for an unlimited period of time.
2.7 The Company may be dissolved at any time and with or without cause by a resolution of the general meeting of
shareholders adopted in the manner required for an amendment of these Articles.
Registered office
2.8 The registered office of the Company is established in Luxembourg, Grand Duchy of Luxembourg.
2.9 Within the same municipality, the registered office may be transferred by means of a decision of the board of
Managers. It may be transferred to any other municipality in the Grand Duchy of Luxembourg by means of a resolution of
the general meeting of shareholders, adopted in the manner required for an amendment of the Articles.
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2.10 Branches or other offices may be established either in the Grand Duchy of Luxembourg or abroad by a resolution
of the Board.
2.11 In the event that the Board determines that extraordinary political, economic or social circumstances or natural
disasters have occurred or are imminent that would interfere with the normal activities of the Company at its registered
office, the registered office may be temporarily transferred abroad until the complete cessation of these extraordinary
circumstances; such temporary measures shall not affect the nationality of the Company which, notwithstanding the tem-
porary transfer of its registered office, shall remain a Luxembourg company.
Liability
The liability of the Shareholders is limited to the amount, if any, unpaid on the Shares held by them.
3. Share capital.
3.1 The share capital of the Company as at the date of the adoption of these Articles is set at sixteen thousand, eight
hundred and thirty six euros and forty cents (EUR 16,836.40) divided into A Shares, B Shares, C Shares, D Shares and
Deferred Shares, each of them having the same nominal value of ten euro cents (EUR 0.10), subdivided as follows:
- six thousand eight hundred forty-four (6,844) class A1 shares;
- six thousand eight hundred forty-four (6,844) class A2 shares;
- six thousand eight hundred forty-four (6,844) class A3 shares;
- six thousand eight hundred forty-four (6,844) class A4 shares;
- six thousand eight hundred thirty-seven (6,837) class A5 shares;
- twenty-six thousand six hundred ten (26,610) class B1 shares;
- twenty-six thousand six hundred ten (26,610) class B2 shares;
- twenty-six thousand six hundred ten (26,610) class B3 shares;
- twenty-six thousand six hundred ten (26,610) class B4 shares;
- twenty-six thousand six hundred ten (26,610) class B5 shares;
- one hundred ninety-nine (199) class C1 shares;
- one hundred ninety-nine (199) class C2 shares;
- one hundred ninety-nine (199) class C3 shares;
- one hundred ninety-nine (199) class C4 shares;
- two hundred five (205) class C5 shares;
- twenty (20) class D1 shares;
- twenty (20) class D2 shares;
- twenty (20) class D3 shares;
- twenty (20) class D4 shares;
- twenty (20) class D5 shares;
- zero (0) class Deferred Shares.
3.2 No Deferred Shares are in issue on the date of adoption of these Articles.
3.3 The Company's share capital may be increased or reduced by a resolution of the general meeting of Shareholders
adopted in the manner required for an amendment of these Articles.
3.4 The share capital of the Company may be reduced through cancellation of shares including by cancellation of one
or more entire classes of shares through repurchase and cancellation of the Shares in issue in such class(es).
3.5 Whenever as a result of a consolidation of Shares any Shareholders would become entitled to fractions of a share,
the Managers may, on behalf of those Shareholders, sell the Shares representing the fractions for the best price reasonably
obtainable to any person (including, subject to the provisions of the Act, the Company) and distribute the net proceeds of
sale in due proportion among those members, and the Managers may authorise some person to execute an instrument of
transfer of the Shares to, or in accordance with the directions of, the purchaser. The transferee shall not be bound to see to
the application of the purchase money nor shall his title to the Shares be affected by any irregularity in or invalidity of the
proceedings in reference to the sale.
4. Share rights.
4.1 Income
The income rights attaching to the Shares shall be set out in this Article:
(a) subject to (i) the Board recommending payment of the same, and (ii) Investor Consent, any profits of the Company
available for distribution which the Company may determine to distribute in respect of any financial year shall be distributed
as to zero point zero zero zero one percent (0.0001%) to the holders of C Shares, the D Shares and Deferred Shares and as
to ninety-nine point nine nine nine percent (99.999%) amongst the holders of the A Shares and the B Shares pro rata to the
number of such Shares held;
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(b) the Company shall procure (so far as it is able) that each of its subsidiaries and each of its subsidiary undertakings
which has profits available for distribution shall from time to time declare and pay to the Company (or, as the case may
be, the relevant Group Company that is its immediate holding company or parent undertaking) such dividends as are
necessary to permit lawful payment by the Company of any dividend;
(c) the rights set out in this Article 4.1 are subject to the limits in the Investment Agreement.
4.2 Capital
On a return of capital on liquidation or capital reduction (other than pursuant to Article 4.8) otherwise the surplus assets
of the Company remaining after the payment of its liabilities shall be applied in the following order:
(a) firstly, in paying a sum in euros equivalent to £X plus one hundred pounds (£100) (where X is an amount equal to
the aggregate Issue Price of all the A Shares in issue at the relevant time) to be distributed as to to zero point zero zero zero
one percent (0.0001%) to the holders of the B Shares, the C Shares and the D Shares pro-rata according to the number of
B Shares, C Shares and D Shares held by them respectively and as to the balance to the holders of the A Shares such that
each holder of A Shares receives in respect of each A Share held the Issue Price of that A Share;
(b) secondly, thereafter distributing the balance (if any) to the holders of A Shares, B Shares, C Shares, D Shares and
Deferred Shares in issue as follows:
(i) subject to the rest of this Article, to the holders of the A Shares and B Shares on a pro-rata basis according to the
number of such shares held by them as if they constituted one class of share immediately prior to the commencement of
the winding up (in the case of a winding up) or the return of capital (in any other case) and, only in the event of the Hurdle
being reached, provided that an amount equal to:
1. 20% (twenty per cent) of the amount payable to the First A Shareholders (“First A Share Distribution”) will not be
paid to such First A Shareholders and will be paid to the holders of the C Shares on a pro-rata basis according to the number
of such C Shares held by them, with the remaining 80% (eighty per cent) of the First A Share Distribution to be payable
to the First A Shareholders on a pro-rata basis according to the number of such A Shares held by them;
2. 15% (fifteen per cent)of the amount payable to the Second A Shareholders (“Second A Share Distribution”) will not
be paid to such Second A Shareholders and will be paid to the holders of the C Shares on a pro-rata basis according to the
number of such C Shares held by them, with the remaining 85% (eight five per cent) of the Second A Share Distribution
to be payable to the Second A Shareholders on a pro-rata basis according to the number of such A Shares held by them;
and
3. for the avoidance of doubt, the Third A Shareholders and the Beechbrook A Shareholder will be paid 100% (one
hundred per cent) of the amount payable to such Third A Shareholders and the Beechbrook A Shareholder;
(ii) in paying the holders of D Shares the following:
1. if the aggregate distribution to the holders of the A Shares (such distribution being calculated by reference to the
number of A Shares in issue at the Adoption Date only) pursuant to Article 4.2(a) and Article 4.2(b)(i) (the “Distribution”)
is for an amount less than thirteen million five hundred thousand euros (EUR 13,500,000) then the holders of the D Shares
will not be entitled to receive any payment;
2. if the Distribution is for an amount equal to or more than thirteen million five hundred thousand euros (EUR
13,500,000) but less than fifteen million six hundred thousand euros (EUR 15,600,000) then for every twenty-five thousand
euros (EUR 25,000) (rounded down to the nearest twenty-five thousand euros (EUR 25,000)) that such Distribution is
above thirteen million five hundred thousand euros (EUR 13,500,000)up to a maximum of fifteen million six hundred
thousand euros (EUR 15,600,000) the holders of the D Shares shall in aggregate be entitled to receive zero point twelve
per cent (0.12%) of the distribution to the holders of the A Shares (such distribution being calculated by reference to the
number of A Shares in issue at the Adoption Date only) pursuant to Article 4.2(b)(i) (the “Net Distribution”) to be allocated
on a pro rata basis according to the number of D Shares held by them;
3. if the Distribution is for an amount equal to or more than fifteen million six hundred thousand euros (EUR 15,600,000)
but less than twenty-two million five hundred thousand euros (EUR 22,500,000) then the holders of the D Shares shall in
aggregate be entitled to receive ten point two per cent (10.2%) of the Net Distribution to be allocated on a pro rata basis
according to the number of D Shares held by them;
4. if the Distribution is for an amount equal to or more than twenty-two million five hundred thousand euros (EUR
22,500,000) but less than twenty-seven million eight hundred twenty-five thousand euros (EUR 27,825,000) the holders
of the D Shares shall in aggregate be entitled to receive ten point two per cent (10.2%) of the Net Distribution and then for
every twenty-five thousand euros (EUR 25,000) (rounded down to the nearest twenty-five thousand euros (EUR 25,000))
that such Distribution is twenty-two million five hundred thousand euros (EUR 22,500,000) up to a maximum of twenty-
seven million eight hundred twenty-five thousand euros (EUR 27,825,000), zero point zero seventy-one per cent (0.071%)
of the Net Distribution for every nearest twenty-five thousand euros (EUR 25,000) (rounded down to the nearest nearest
twenty-five thousand euros (EUR 25,000)) that such Distribution is above EUR 22,500,000 up to a maximum of twenty-
seven million eight hundred twenty-five thousand euros (EUR 27,825,000) to be allocated on a pro rata basis according to
the number of D Shares held by them;
5. if the Distribution is for an amount equal to or more than twenty-seven million eight hundred twenty-five thousand
euros (EUR 27,825,000) the holders of the D Shares shall in aggregate be entitled to receive twenty-five point forty-two
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per cent (25.42%) of the Net Distribution to be allocated on a pro rata basis according to the number of D Shares held by
them; and
(iii) once the holders of the A Shares, B Shares, C Shares and D Shares have received the sum in euros equivalent to
ten million pounds (£10,000,000) per share, in paying the holders of Deferred Shares one euro (EUR 1.00) (as a class)
which may be satisfied by payment to any holder of Deferred Shares;
provided always that this Article 4.2 is subject to the limits in the Investment Agreement.
4.3 In the event of a Sale then, notwithstanding anything to the contrary in the terms and conditions governing such Sale
the selling holders (immediately prior to such Sale) or the Company (as appropriate) shall procure that the Consideration
(whenever received) shall be paid into a designated trustee account and shall be distributed amongst such selling holders
in the order of priority set out in Article 4.2 provided that the limitation set out in the Investment Agreement will not apply.
4.4 On a Disposal the surplus assets of the Company remaining after payment of its liabilities shall be distributed (to
the extent that the Company is lawfully permitted to do) in the order of priority set out in Article 4.2, provided always that
if it is not lawful for the Company to distribute its surplus assets each Shareholder shall take such action as is lawful and
within its control to put the Company into lawful liquidation so that Article 4.2 applies.
4.5 NOT USED
4.6 Voting
(a) On a show of hands every Shareholder who:
(i) (being an individual) is present in person or by proxy; or
(ii) (being a corporation) is present by a representative not being himself a Shareholder or by a proxy, shall have one
vote, and on a poll every Shareholder who is present in person or by proxy or (being a corporation) is present by a repre-
sentative or by proxy shall have one vote for every Share (as the case may be) of which he is the holder.
(b) This Article 4.6 is subject to the limits in the Investment Agreement.
4.7 NOT USED
4.8 Redemption of Own Shares
(a) If at any time the Company proposes to redeem, purchase or buy back any class of B Shares (or part thereof) then it
will first obtain the consent of the Oakfield Manager before doing so and at the same time as it redeems, purchases or buys
back any B Shares, it will redeem, purchase or buy back the same proportion of the A Shares and the C Shares as follows:
(i) in respect of the B1 Shares, the A1 Shares and the C1 Shares;
(ii) in respect of the B2 Shares, the A2 Shares and the C2 Shares;
(iii) in respect of the B3 Shares, the A3 Shares and the C3 Shares;
(iv) in respect of the B4 Shares, the A4 Shares and the C4 Shares;
(v) in respect of the B5 Shares, the A5 Shares and the C5 Shares.
(b) If there is any redemption, purchase or buy back of any Shares pursuant to Article 4.8(a) then the aggregate price
paid for such Shares will be applied in the following order:
(i) firstly, in paying to the holders of the B Shares and the C Shares to be redeemed, purchased or bought back, ten euro
cents (EUR 0.10) in respect of each such B Share and C Share and, in paying to the holders of the A Shares to be redeemed,
purchased or bought back, the Issue Price of each such A Share;
(ii) thereafter, in paying the balance (if any) to the holders of the A Shares, the B Shares and the C Shares to be redeemed,
purchased or bought back so that the holders of such C Shares are paid one euro cent (EUR 0.01)in respect of each C Share
to be redeemed, purchased or bought back from them and the remaining balance will be paid to the holders of the A Shares
and the B Shares to be redeemed, purchased or bought back on a pro-rata basis according to the number of the A and the
B Shares to be redeemed, purchased or bought back from them as if they constituted one class of Share save that if the
price to be paid for the redemption, purchase or buyback of each A Share pursuant to Articles 4.8(b)(i) and 4.8(b)(ii) is at
least the Buyback Hurdle then:
(A) 20% (twenty per cent) of the amount otherwise payable to the First A Shareholders in respect of the redemption,
purchase or buy back of their A Shares (“First A Share Payment”) will not be paid to such First A Shareholders and will
be paid to the holders of the C Shares in respect of the redemption, purchase or buy back of their C Shares on a pro-rata
basis according to the number of such C Shares to be redeemed, purchased or bought back from them, with the remaining
80% (eighty per cent) of the First A Share Payment being paid to the First A Shareholders in respect of the redemption,
purchase or buy back of their A Shares on a pro-rata basis according to the number of such A Shares to be redeemed,
purchased or bought back from them;
(B) 15% (fifteen per cent) of the amount payable to the Second A Shareholders in respect of the redemption, purchase
or buy back of their A Shares (“Second A Share Payment”) will not be paid to such Second A Shareholders and will be
paid to the holders of the C Shares in respect of the redemption, purchase or buy back of their C Shares on a pro-rata basis
according to the number of such C Shares to be redeemed, purchased or bought back from them, with the remaining 85%
(eighty five per cent) of the Second A Share Payment being paid to the Second A Shareholders in respect of the redemption,
purchase or buy back of their A Shares on a pro-rata basis according to the number of such A Shares to be redeemed,
purchased or bought back from them; and
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(C) for the avoidance of doubt, the Third A Shareholders and the Beechbrook A Shareholder will be paid 100% (one
hundred per cent) of the amount payable to such Third A Shareholders and the Beechbrook A Shareholder in respect of
the redemption, purchase or buy back of their A Shares.
(c) The Company cannot redeem, purchase or buy-back any Shares until the date being the day after the third anniversary
of the Adoption Date.
5. Class rights.
5.1 Whenever the capital of the Company is divided into different classes of shares the special rights attached to any
class may be varied or abrogated with the consent in writing of the holders of at least 75% (seventy five per cent) in nominal
value of the issued shares of that class.
5.2 The variation, modification, abrogation or cancellation of this Article 5 or of any provision of these Articles which
contains or affects any class rights shall (save as expressly provided herein) require the consent as set out in Article 5.1 of
the holders of Shares of the class or classes concerned to be effective.
5.3 The special rights attached to the A Shares shall only be varied once an aggregate of 50% (fifty per cent) of the
Investors and Beechbrook shall each have consented to such variation by:
(a) any variation in the share capital of the Company; or
(b) the creation or grant of any option or other right over or to subscribe for shares or by the creation, issue or grant of
any security convertible into any shares in the capital of the Company; or
(c) any alteration or variation of any of the rights attached to any of the shares for the time being in the capital of the
Company; or
(d) the application by way of capitalisation of any sum in or towards paying up any share or loan capital of the Company;
or
(e) the redemption of any of the Company's shares (otherwise than pursuant to these Articles) or by the entering into of
a contract by the Company to purchase any of its shares; or
(f) the appointment or removal of any Manager of the Company (other than pursuant to and in accordance with Article
18.1); or
(g) the appointment or removal of auditors to the Company; or
(h) any alteration of the accounting reference date of the Company; or
(i) any resolution to change the classification or status of the Company; or
(j) any alteration to these Articles of the Company; or
(k) any resolution to wind up the Company; or
(l) any sale, transfer or other disposal by the Company of the whole or part of its undertaking, business or assets; or
(m) the transfer by the Company of any profits to reserves or the taking of any other action (excluding the lawful payment
of dividends) which will or may reduce the amount of its profits available for distribution; or
(n) any suspension or relaxation by the Company of any provision of its Articles of association which prohibits a Manager
from voting at a meeting of the Managers or of a committee of the Managers in certain circumstances; or
(o) any sale, transfer or other disposal by the Company of all or any part of, or any interest in, the shares of any subsidiary
by the Company; or
(p) the giving, variation, revocation or renewal of an authority for allotment under section 551 of the Act; or
(q) the calling of a meeting of the Company to effect or approve any matter which would by virtue of this Article be a
variation of the class rights of the A Shares or B Shares (as the case may be); or
(r) the disapplication of the provisions of sections 561(1) and 562(1) of the Act in relation to any allotment or issue of
Shares by the Company to the extent permissible by 1915 Law.
6. NOT USED
7. NOT USED
8. Issues of shares.
8.1 Subject to the Articles, but without prejudice to the rights attached to any existing share, the Company may issue
shares with such rights or restrictions as may be determined by a resolution of not less than three quarters of the Shareholders.
8.2 The Company may issue shares which are to be redeemed, or are liable to be redeemed at the option of the company
or the holder, and the Managers may determine the terms, conditions and manner of redemption of any such shares subject
to Article 8.1.
9. Provisions applying on every transfer of shares.
9.1 Any transfer of Shares shall become effective towards the Company and third parties through the notification of the
transfer to or upon the acceptance of the transfer by the Company in accordance with article 1690 of the Civil Code.
9.2 In the event of death, the Shares of the deceased shareholder may only be transferred to new shareholders subject
to the approval of such transfer given by the surviving shareholders representing three quarters of the rights owned by the
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surviving shareholders. Such approval is, however, not required in case the Shares are transferred either to parents, des-
cendants or the surviving spouse or any other legal heir of the deceased shareholder.
9.3 The Board shall refuse to register any transfer of Shares made in contravention of the provisions of these Articles
or the Investment Agreement but, subject to Article 10.3, shall not otherwise be entitled to refuse to register any transfer
of shares. For the purpose of ensuring that a particular transfer of Shares is permitted under the provisions of these Articles
and the Investment Agreement, the Managers may request the transferor, or the person named as transferee in any transfer
lodged for registration, to furnish the Company with such information and evidence as the Managers may reasonably think
necessary or relevant. Failing such information or evidence being furnished to the satisfaction of the Managers within a
period of twenty-eight (28) days after such request the Managers shall be entitled to refuse to register the transfer in question.
Any transfer of Shares made or purported to be made in contravention of the provisions of these Articles or the Investment
Agreement shall be of no effect.
9.4 If the Managers refuse to register the transfer of a Share, they shall within two months after the date on which the
transfer was lodged with the Company, send the notice of refusal to the transferee together with (unless the Managers
suspect that the proposed transfer may be fraudulent) the instrument of transfer.
9.5 No Shares may be transferred unless:
(a) save for transfers pursuant to Articles 10 (except where a provision in Articles 10.4 or 10.5 expressly requires Investor
Consent to be obtained), 13 or 14, an Investor Consent has been obtained and any conditions to that Investor Consent or
as agreed between the Shareholders (or the Shareholders amongst others) have been satisfied and subject to any restrictions
in such Investor Consent; and
(b) save where otherwise agreed by Investor Consent, the proposed transferee has entered into an agreement to be bound
by the Investment Agreement in the form required by the Investment Agreement.
9.6 Notwithstanding any other provisions of these Articles, no Share or interest (whether legal or beneficial) in any
Share may be transferred to a company or other body corporate without the prior written consent of the Investor Manager
if, as a result of that transfer, the Company would cease to meet the independence requirement in section 185(2) of ITA
2007. For the avoidance of doubt, any purported transfer of any Shares, or any interest in any Shares, in breach of this
Article 9.6, will be null and void. Without prejudice to the general effect of Article 5.1, any variation to this Article 9.6
will be deemed to constitute a variation of the rights attached to the A Shares.
9.7 A reference in these Articles to a transfer of Shares shall include:
(a) a transfer of any interest in Shares (whether legal, beneficial or otherwise) including without limitation to any
transmittee; and
(b) any charge, mortgage, option or other encumbrance granted over Shares (including any direction by way of renun-
ciation or otherwise by a Shareholder entitled to an allotment or issue of any Share that such Share be allotted or issued to
some other person),
and these Articles shall take effect accordingly.
10. Permitted transfers.
10.1 Definitions
For the purposes of these Articles relating to transfers of Shares, "Permitted Transfer" means any transfer of Shares
permitted under this Article 10 and approved by the Shareholders at a majority of three quarters of the Shares.
10.2 Transfers by trustees of Employee Benefit Trust
Any holder of Shares who is a trustee of an Employee Benefit Trust may at any time transfer any Share to:
(a) the new or remaining trustees of the Employee Benefit Trust upon any change of trustees; and
(b) any beneficiary of the Employee Benefit Trust.
10.3 Transfers between or to Investor funds
The Investors and their respective custodians or nominees shall each have the right to transfer, or otherwise dispose of,
interests in all or any of the Shares held or owned by them directly or through any custodian or other nominee (and to assign
the benefit of the Investment Agreement) to:
(a) each other or any other member of an Oakfield Investors' Group or their nominee;
(b) to a nominee provided that the beneficial ownership of the relevant Shares remains with the Investor; or
(c) the beneficial owner or owners in respect of which the transferor is a nominee or custodian or any other nominee or
custodian for such beneficial owner or owners.
10.4 Transfers between or to Beechbrook funds
Beechbrook and its custodians or nominees shall each have the right to transfer, or otherwise dispose of, interests in all
or any of the Shares held or owned by them directly or through any custodian or other nominee (and to assign the benefit
of the Investment Agreement) to:
(a) any other member of Beechbrook's Group or their nominee;
(b) to a nominee provided that the beneficial ownership of the relevant Shares remains with Beechbrook; or
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(c) the beneficial owner or owners in respect of which the transferor is a nominee or custodian or any other nominee or
custodian for such beneficial owner or owners.
10.5 Transfers with consent
Without prejudice to Article 14, a Shareholder may transfer Shares to any person at any time with Investor Consent.
10.6 Family trusts and family members
(a) A Shareholder may transfer Shares to a member of his family or to a trust for the benefit of himself or his family
with Investor Consent and the consent of Beechbrook (without limitation, as to the numbers of Shares to be transferred,
the constitution of the trust and the conditions of any such transfer).
(b) JP may transfer Shares to a member of his family or to a trust provided he retains all voting rights in respect of such
transferred Shares without Investor Consent (without limitation, as to the numbers of Shares to be transferred, the consti-
tution of the trust and the conditions of any such transfer).
10.7 Transfers of entire interest
Without prejudice to the other provisions of these Articles, a transfer of any Share pursuant to this Article shall only be
treated as a Permitted Transfer if it is a transfer of the entire legal and beneficial interest in such share, free from any lien,
charge or other encumbrance (save for any interest of beneficiaries under any relevant family trust).
11. Voluntary transfers.
11.1 Except as permitted under Article 10 any Shareholder who wishes to transfer any Share ("a Seller") shall before
transferring or agreeing to transfer such Share or any interest in it, serve notice in writing ("a Transfer Notice") on the
Company of his wish to make that transfer.
11.2 In the Transfer Notice the Seller shall specify:
(a) the number of Shares ("Sale Shares") which he wishes to transfer;
(b) if that Seller is a holder of loan notes or other securities, whether he wishes to also transfer those loan notes or other
securities at the same time as his Shares (“Securities Transfer Request”);
(c) the identity of the person (if any) to whom the Seller wishes to transfer the Sale Shares;
(d) the price per share at which the Seller wishes to transfer the Sale Shares ("the Proposed Sale Price");
(e) any other terms relating to the transfer of the Sale Shares; and
(f) whether the Transfer Notice is conditional upon all (and not part only) of the Sale Shares being sold pursuant to the
following provisions of this Article ("a Total Transfer Condition").
11.3 Each Transfer Notice shall:
(a) subject to the remaining provisions of this Article, relate to one class of Shares only;
(b) constitute the Company as the agent of the Seller for the sale of the Sale Shares on the terms of this Article;
(c) save as provided in Article 11.6, be irrevocable; and
(d) not contain or be deemed to contain a Total Transfer Condition unless it states that a Total Transfer Condition applies
and a Total Transfer Condition is permitted by these Articles.
11.4 In the event that a Transfer Notice contains a Securities Transfer Request the relevant loan notes or other securities
shall transfer in accordance with their respective term but shall be subject to the provisions of this Article 11 such that if a
Shareholder wishes to buy any Sale Shares he shall be obliged to purchase a proportionate amount (by reference to the
proportion of the Sale Shares that Shareholder wishes to acquire) of the Seller's loan notes or other securities when pur-
chasing Sale Shares. For the avoidance of doubt, if the Transfer Notice does not contain a Securities Transfer Request, the
Seller shall be under no obligation to transfer any of his loan notes or other securities when transferring his Shares and a
Shareholder shall be under no obligation to purchase any such loan notes.
11.5 Subject to Article 11.6 the Sale Shares shall be offered for purchase in accordance with this Article at a price per
Sale Share ("the Sale Price") agreed between the Seller and the Board (with the approval of the Investor Manager) or, in
default of such agreement within 21 days after the date of service of the Transfer Notice, the lower of:
(a) the Proposed Sale Price; and
(b) if the Investor Manager so elects within twenty-eight (28) days after the date of service of the Transfer Notice, the
price per share given by the Independent Expert in writing as being their opinion of the open market value of each Sale
Share in accordance with Article 11.15 ("the Market Value") as at the date of service of the Transfer Notice (or, in the case
of a Deemed Transfer Notice, the date of the relevant Transfer Event);
11.6 If the Market Value is so reported on by the Independent Experts to be less than the Proposed Sale Price, the Seller
may revoke the Transfer Notice (unless it is a Deemed Transfer Notice) by written notice given to the Board within the
period ("the Withdrawal Period") of fourteen (14) days after the date the Board serves on the Seller the Independent Expert's
written opinion of the Market Value.
11.7 The Board shall offer the Sale Shares for purchase at the Sale Price by a written offer notice ("the Offer Notice")
served on those persons to whom the same are to be offered pursuant to Article 11.9 within twenty-one (21) days after the
Sale Price is agreed or determined or, if the Transfer Notice is capable of being revoked, within twenty-one (21) days after
the expiry of the Withdrawal Period.
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11.8 An Offer Notice shall expire 42 days after its service and shall:
(a) specify the Sale Price;
(b) contain the other details included in the Transfer Notice; and
(c) invite the relevant Shareholders to apply in writing, before expiry of the Offer Notice, to purchase the numbers of
Sale Shares specified by them in their application.
11.9 Sale Shares of a particular class specified in column (1) in the table below shall be treated as offered:
(a) in the first instance to all persons in the category set out in the corresponding line in column (2) in the table below;
(b) to the extent not accepted by persons in column (2), to all persons in the category set out in the corresponding line
in column (3) in the table below; and
(c) to the extent not accepted by persons in columns (2) and (3), to all persons set out in the corresponding line in column
(4) in the table below:
but no Shares shall be treated as offered to the Seller or any other Shareholder who is then bound to give or deemed to
have given a Transfer Notice.
(1)
Class of
Sale Shares
(2)
Offered First To
(3)
Offered Second To
(4)
Offered Third To
(5)
Offered Fourth To
A Shares
Holders of A Sha-
res
Any other member of an Oakfield Investors'
Group in priority to another member of the
Beechbook Group if the transfer is by an
Oakfield Investor; or
Any other member of the Beechbrook Group
in priority to another member of the Oakfield
Investors' Group if the transfer is by
Beechbrook;
Holders of B
Shares
Board Invitees
B Shares
Holders of A
Shares and B
Shares
Any other member of an Oakfield Investors'
Group or Beechbrook Group
Board Invitees
11.10 After the expiry date of the Offer Notice (or, if earlier, upon valid applications being received for all the Sale
Shares), the Board shall, in the priorities and in respect of each class of persons set out in the columns in the table above,
allocate the Sale Shares in accordance with the applications received, subject to the other provisions of these Articles, so
that:
(a) if there are applications from any class of Shareholders for more than the number of Sale Shares available for that
class of Shareholders, they shall be allocated to those applicants in proportion (as nearly as possible but without allocating
to any Shareholder more Sale Shares than the maximum number applied for by him) to the number of Shares of the relevant
class then held by them respectively;
(b) if it is not possible to allocate any of the Sale Shares without involving fractions, they shall be allocated amongst
the applicants of each class of shares in such manner as the Board shall think fit but so as nearly as possible to reflect the
allocations determined pursuant to the foregoing provisions of this Article 11.10; and
(c) if the Transfer Notice contained a Total Transfer Condition, no allocation of Sale Shares shall be made unless all the
Sale Shares are allocated.
11.11 The Board shall, within seven (7) days of the expiry date of the Offer Notice give notice in writing ("a Sale Notice")
to the Seller and to each person to whom Sale Shares have been allocated (each a "Buyer") specifying the name and address
of each Buyer, the number of Sale Shares agreed to be purchased by him and the aggregate price payable for them.
11.12 Completion of a sale and purchase of Sale Shares pursuant to a Sale Notice shall take place at the registered office
of the Company at the time specified in the Sale Notice when the Seller shall, upon payment to him by a Buyer of the Sale
Price in respect of the Sale Shares allocated to that Buyer, transfer those Sale Shares.
11.13 If all the Sale Shares are not sold under the pre-emption provisions contained in this Article 11, the Company
shall (forthwith upon the exhaustion of such provisions) so notify the Seller and the Seller shall but only with the prior
sanction of Investor Consent, be entitled to sell any of the Sale Shares to a third party buyer provided that such Shares are
sold at a price which is no less than the Sale Price.
11.14 If a Seller fails for any reason (including death) to transfer any Sale Shares when required pursuant to this Article,
the Board may authorise any person (who shall be deemed to be irrevocably appointed as the attorney of the Seller for the
purpose) to execute the necessary transfer of such Sale Shares and deliver it on the Seller's behalf. The Company may
receive the purchase money for such Sale Shares from the Buyer and shall upon receipt (subject to the transfer being duly
stamped) register the Buyer as the holder of such Sale Shares. The Company shall hold such purchase money in a separate
bank account for the Seller but shall not be bound to earn or pay interest on any money so held. The Company's receipt for
such purchase money shall be a good discharge to the Buyer who shall not be bound to see to the application of it, and after
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the name of the Buyer has been entered in the register of Shareholders in purported exercise of the power conferred by this
Article the validity of the proceedings shall not be questioned by any person.
11.15 If instructed to report on their opinion of Market Value the Independent Expert shall:
(a) act as an expert and not as an arbitrator and their written determination shall be final and binding on the Shareholders
(save in the case of manifest error); and
(b) proceed on the basis that:
(i) the open market value of each Sale Share shall be the sum as at the date of service of the Transfer Notice or, in the
case of a Deemed Transfer Notice, the date of the relevant Transfer Event, which a willing Buyer would agree with a willing
Seller to be the purchase price for all the class of Shares of which the Sale Shares form part, divided by the number of
issued Shares then comprised in that class;
(ii) there shall be no addition of any premium or subtraction of any discount by reference to the size of the holding the
subject of the Transfer Notice or in relation to any restrictions on the transferability of the Sale Shares or on whether the
Buyer will increase his shareholding in the Company to or beyond any particular per centage;
(iii) any difficulty in applying either of the foregoing bases shall be resolved by the Independent Expert as they think
fit in their absolute discretion; and
(iv) (unless the Board (with the approval of the Oakfield Investor Director) of the Company, shall determine by majority
decision that this sub-Article shall not apply) until expiry of the period of two years from the date of adoption of these
Articles the Market Value of a Sale Share shall not exceed the Issue Price.
(c) The Company will use its reasonable endeavours to procure that the Independent Expert delivers their written opinion
of the Market Value to the Board and to the Seller within 28 days of being requested to do so. The Independent Expert
need not give their reasons for reaching such opinion.
(d) Subject to Article 11.15(e) the Independent Expert's fees for reporting on their opinion of the Market Value shall be
borne as to one half by the Seller and as to the other half by the Buyer(s) pro rata to the number of Sale Shares purchased
by them unless:
(i) the Seller revokes the Transfer Notice; or
(ii) none of the Sale Shares are purchased pursuant to this Article when the Seller shall pay all the Independent Expert's
fees.
(e) In the case of a transfer pursuant to a Deemed Transfer Notice, the Independent Expert's fees for reporting on the
Market Value shall be apportioned as between the Seller and the Company on the following basis:
(i) by the Company in full where the Market Value as determined by the Independent Expert is equal to or more than
the value specified by the Seller;
(ii) by the Seller in full where the Market Value as determined by the Independent Expert is equal to or less than the
value specified by the Board; and
(iii) otherwise on a straight line basis in accordance with the following formula:
A = B - C / D - C
where:
A = the proportion of the Independent Expert's fees to be borne by the Company (the remainder to be borne by the Seller)
B = the value determined by the Independent Expert
C = the value specified by the Board
D = the value specified by the Seller; or
(iv) by the Company where a Buyer has not been found for any of the Sale Shares and the Board does not allow the sale
of those Sale Shares in accordance with Article 11.3.
12. Compulsory transfers.
12.1 In this Article, a "Transfer Event" occurs, in relation to any Relevant Person:
(a) if that Relevant Person being an individual:
(i) shall become bankrupt; or
(ii) shall die; or
(iii) shall suffer from mental disorder or serious illness and be admitted to hospital for 6 months or more or shall become
subject to any court order;
(b) if that Relevant Person shall make or offer or purport to make any arrangement or composition with his creditors
generally;
(c) if that Relevant Person being a body corporate (which for the avoidance of doubt excludes any limited partnership,
collective investment scheme or venture capital company):
(i) shall have a receiver, manager, administrator or administrative receiver appointed over all or any part of its undertaking
or assets;
(ii) shall have an administrator appointed in relation to it; or
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(iii) shall enter into liquidation (other than a voluntary liquidation for the purpose of a bona fide scheme of solvent
amalgamation or reconstruction); or
(iv) shall have any equivalent action in respect of it taken in any jurisdiction;
(d) if that Relevant Person who is at any time a Manager or employee of a member of the Group shall cease to hold such
office or employment and is not an employee or manager of any other member of the Group;
(e) if that Relevant Person (or any permitted transferee (whether directly or by means of two or more Permitted Trans-
fers)) shall for any reason not give a Transfer Notice in respect of any Shares or transfer any Shares (as the case may be)
as required by any Article;
(f) if that Relevant Person (or any permitted transferee (whether directly or by means of two or more Permitted Transfers))
shall attempt to deal with or purports to dispose of any Share or any interest in it otherwise than in accordance with the
Investment Agreement, Article 10 (Permitted Transfers), Article 11 (Voluntary Transfers) and this Article (Compulsory
Transfers) or in contravention of Article 14 (Change of Control) or Article 16 (Prohibited Transfers);
(g) if that Relevant Person (or any permitted transferee (whether directly or by means of two or more permitted transfers))
commits a material breach of the Investment Agreement or the Articles,
and in each case within the six months following such event coming to the attention of the Investors or an Investor
Manager either the Investors shall notify the Company or the Board with Investor Consent shall resolve that such event is
a Transfer Event in relation to that Relevant Person for the purposes of this Article.
12.2 If the Relevant Person is a Bad Leaver then (unless the Investor Manager agrees in writing otherwise) there shall
have been deemed to have been given on the date of the notification or resolution referred to in Article 12.1 above a Transfer
Notice in respect of 15% (fifteen per cent) of those Shares held by that Relevant Person and any other person who has
acquired Shares from him under a Permitted Transfer (whether directly or by means of two or more Permitted Transfers)
at the date of such dismissal (“Relevant Shares”) and where the Relevant Person or any other person who has acquired
Shares from him under a Permitted Transfer (whether directly or by means of two or more Permitted Transfers) holds more
than one class of Shares then the Relevant Shares shall be 15% (fifteen per cent) of the Shares of each class held by the
Relevant Person.
12.3 If any person is a Bad Leaver the Company shall, subject to the prior written consent of the Oakfield Manager
being obtained, have the right to buy back the Relevant Shares (as defined in Article 12.2) which are subject to a Transfer
Notice (the “Bad Leaver Shares”), subject to its ability to do so under the Act or Luxembourg Companies Law, prior to
their being offered to any other person. The Company shall state in writing within twenty-one (21) days of the Transfer
Notice whether it is willing to purchase any of the Bad Leaver Shares so offered to it and if so the maximum thereof which
it is willing to purchase. If at the expiration of the said period of twenty-one (21) days there are any Bad Leaver Shares
which the Company has not stated its willingness to purchase, the Company shall, subject to Article 12.4, offer such shares
in accordance with Article 11.
12.4 If any person is a Bad Leaver then the Sale Price for any Bad Leaver Shares will be an amount equal to the lower
of the subscription price per Share paid by the Oakfield Investor or the Market Value of such Shares.
12.5 If the Relevant Person is a Good Leaver then (unless the Investor Manager agrees in writing otherwise) there shall
have been deemed to have been given on the date of the notification or resolution referred to in Article 12.1 above a Transfer
Notice in respect of 15% (fifteen per cent) of those Shares, up to a maximum of 5% (five per cent)of the total Shares in
issue at the relevant time) held by that Relevant Person and any other person who has acquired Shares from him under a
Permitted Transfer (whether directly or by means of two or more Permitted Transfers) at the date of such dismissal (“Re-
levant Shares”) and where the Relevant Person or any other person who has acquired Shares from him under a Permitted
Transfer (whether directly or by means of two or more Permitted Transfers) holds more than one class of Shares then the
Relevant Shares shall be 15% (fifteen per cent) of the Shares of each class held by the Relevant Person.
12.6 If any person is a Good Leaver the Company shall, subject to the prior written consent of the Oakfield Manager
being obtained, have the right to buy back the Relevant Shares (as defined in Article 12.5) which are subject to a Transfer
Notice (the “Good Leaver Shares”), subject to its ability to do so under the Act or Luxembourg Companies Law, prior to
their being offered to any other person. The Company shall state in writing within twenty-one (21) days of the Transfer
Notice whether it is willing to purchase any of Good Leaver Shares so offered to it and if so the maximum thereof which
it is willing to purchase. If at the expiration of the said period of twenty-one (21) days there are any Good Leaver Shares
which the Company has not stated its willingness to purchase, the Company shall, subject to Article 12.7, offer such shares
in accordance with Article 11.
12.7 If any person is a Good Leaver then the Sale Price for any Good Leaver Shares will be the Market Value as defined
in Article 11.5(b) and determined by an Expert pursuant to Article 11.15.
12.8 The Company shall be responsible for referring any valuation to the Expert if required pursuant to this Article and
shall use all reasonable endeavours to procure that the Expert shall reach its determination as soon as possible after such
referral.
12.9 For the purposes of Article 12.7 the Expert's decision as to the Sale Price shall be in the absence of manifest error
final and binding. The costs of such Expert shall in the absence of any direction by him to the contrary be borne by the
Company.
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12.10 If at any time after ceasing to be a Manager or employee of the Company, any such person acquires (or any
Connected Person of his shall acquire) any shares pursuant to an option, conversion or like right which was granted to or
otherwise vested in him prior to him ceasing to be a Manager or employee (including, without limitation, any shares issued
pursuant to any option scheme established by the Company from time to time) then the provisions of this Article 12 shall
apply to such shares.
12.11 In the event that the Company does not elect to exercise its right to acquire any Bad Leaver Shares or Good Leaver
Shares pursuant to the terms of this Article 12 then they shall be offered for sale in accordance with the provisions of
Articles 11.7 - 11.14 save that the table in Article 11.9 shall be substituted as set out in this Article 12.11:
(1)
Class of Sale
Shares
(2)
Offered First To
(3)
Offered Second To
(4)
Offered Third To
(5)
Offered Fourth To
A Shares
Board Invitees
Holders of A Shares
Any other member of an Oakfield
Investors' Group or Beechbrook
Group
Holders of B Shares
B Shares
Board Invitees
Holders of A Shares
and B Shares
Any other member of an Oakfield
Investors' Group or Beechbrook
Group
13. Come along option.
13.1 Notwithstanding any other provisions of these Articles, on or after the seventh anniversary of the date of adoption
of these Articles, if the Oakfield Manager directs the holders of A Shares (together "the Selling Shareholders") to transfer
all of their A Shares to a Third Party Buyer ("the Relevant Shares") then the Selling Shareholders shall have the option
("the Come Along Option") to require all the other holders of Shares to transfer all their Shares with full title guarantee to
the Third Party Buyer or as the Third Party Buyer shall direct in accordance with this Article.
13.2 The Selling Shareholders may exercise the Come Along Option by giving notice to that effect ("a Come Along
Notice") to all other Shareholders ("the Called Shareholders") at any time before the transfer of Shares referred to in Article
13.1. A Come Along Notice shall specify that the Called Shareholders are required to transfer all their Shares ("the Called
Shares") pursuant to this Article to the Third Party Buyer, the price at which the Called Shares are to be transferred
(determined in accordance with Article 13.4) and the proposed date of transfer, such proposed date of transfer not being
less than ten (10) days after the date of service of the Come Along Notice. The Company shall as soon as reasonably
practicable serve a copy of the Come Along Notice on each person holding options other rights to acquire Shares (the
"Option Holders"). An Option Holder who exercises an option or right over Shares on or at any time after the service of
the Come Along Notice by Selling Shareholders shall be deemed to have received the Come Along Notice in his capacity
as shareholder in addition to his capacity as an Option Holder in respect of any Shares issued to him pursuant to such
exercise and such person shall also thereafter be a Called Shareholder.
13.3 A Come Along Notice is irrevocable but the Come Along Notice and all obligations thereunder will lapse if for
any reason there is not a Change of Control caused by a transfer of Shares by the Selling Shareholders to the Third Party
Buyer within ninety (90) days after the date of the Come Along Notice the Selling Shareholders will be entitled to serve a
further Come Along Notice following the lapse of any particular Come Along Notice. Provided that the total consideration
paid by the Third Party Buyer in respect of the specified shares and the uncommitted shares is distributed to Shareholders
in accordance with the provisions of Article 4.3.
13.4 The consideration (in cash or otherwise) for which the Called Shareholders shall be obliged to sell each of the
Called Shares shall be that to which they would be entitled if the total consideration proposed to be paid by the Third Party
Buyer were distributed to the holders of the Called Shares and the Sellers' Shares in accordance with the provisions of
Article 4.3 (the “Offered Price”);
13.5 Completion of the sale of the Called Shares shall take place on the same date as the date proposed for completion
of the sale of the Relevant Shares unless:
(a) all of the Called Shareholders and the Selling Shareholders agree otherwise; or
(b) that date is less than seven (7) days after the Come Along Notice, where it shall be deferred until the 7th day after
the Come Along Notice.
13.6 No Come Along Notice may require a Called Shareholder to agree to any terms except those specifically provided
for in this Article.
13.7 Within five business days of the Third Party Buyer serving a Come Along Notice on the Called Shareholders, the
Called Shareholders shall deliver transfer forms for their Shares in favour of the Third Party Buyer or as the Third Party
Buyer shall direct to the Company. On the expiration of that five business day period the Company shall pay the Called
Shareholders, on behalf of the Third Party Buyer, the amounts they are due pursuant to Article 13.4 to the extent the Third
Party Buyer has put the Company in the requisite funds. The Company's receipt for the amounts due pursuant to Article
13.4 shall be a good discharge to the Purchaser. The Company shall hold the amounts due to the Called Shareholders
pursuant to Article 13.4 for the Called Shareholders without any obligation to pay interest.
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13.8 To the extent that the Third Party Buyer has not, on the expiration of such five business day period, put the Company
in funds to pay the amounts due pursuant to Article 13.4, the Called Shareholders shall be entitled to the return of the
transfer forms for the relevant Shares and the Called Shareholders shall have no further rights or obligations under this
Article 13 in respect of their Shares.
13.9 If a Called Shareholder fails to deliver transfer forms for its Shares to the Company upon the expiration of that five
business day period, the Managers shall, if requested by the Third Party Buyer, authorise any Manager to transfer the Called
Shareholder's Shares on the Called Shareholder's behalf to the Third Party Buyer (or its nominee(s)) to the extent the Third
Party Buyer has, at the expiration of that five business day period, put the Company in funds to pay the amounts due pursuant
to Article 13.4 for the Called Shareholder's Shares offered to him.
13.10 Any transfer of Shares to a Third Party Buyer (or as they may direct) pursuant to a sale in respect of which a Come
Along Notice has been duly served shall not be subject to the provisions of Article 10.
13.11 In the event of disagreement as to the calculation of the Offered Price for the purposes of this Article 13 any such
disagreement which is not resolved in fourteen (14) days shall be referred to an Independent Expert whose decision shall
be final and binding (in the absence of manifest error) and the costs of such Independent Expert shall be borne by the
Company.
14. Tag Along Option.
14.1 Subject to Article 13 but notwithstanding any other provision in these Articles, no sale or transfer or other disposition
of Shares by a Shareholder that would result in a Change of Control of the Company ("the Specified Shares") shall have
any effect unless before the transfer is lodged for registration the proposed buyer has made a bona fide offer in accordance
with these Articles to purchase at the specified price (defined below) all the Shares held by Shareholders who are not acting
in concert or otherwise connected with the proposed buyer ("the Uncommitted Shares").
14.2 An offer made under Article 14.1 must be in writing open for acceptance for at least twenty-one (21) days, and
shall be deemed to be rejected by any Shareholder who has not accepted it in accordance with its terms within the time
period prescribed for acceptance and the consideration thereunder shall be settled in full on completion of the purchase and
within thirty (30) days of the date of the offer.
14.3 For the purposes of this Article:
(a) the expressions "transfer", "transferor" and "transferee" include respectively the renunciation of a renounceable letter
of allotment, and any renouncer and renouncee of such letter of allotment; and
(b) the expression "specified price" means the higher of:
(i) a price per Share at least equal to the highest price paid or payable by the proposed buyer or persons acting in concert
with him or connected with him for any Shares within the last six months (including the Specified Shares) plus an amount
equal to the relevant proportion of any other consideration (in cash or otherwise) received or receivable by the holders of
the Specified Shares which having regard to the substance of the transaction as a whole can reasonably be regarded as an
addition to the price paid or payable for the Specified Shares Provided always that an equal value shall be attributed to all
Shares; and
(ii) a price per Share equal to the Issue Price thereof plus a sum equal to any arrears (together with interest) or accruals
of the dividends on that Share.
14.4 If any part of the specified price is payable otherwise than in cash any Investor may require, as a condition of his
acceptance of the offer that all or any of the price offered for his Uncommitted Shares is paid to him in cash upon transfer
of his Shares.
14.5 If the specified price or its cash equivalent cannot be agreed within twenty-one (21) days of the proposed sale or
transfer between the proposed buyer and Shareholders holding more than 75% (seventy-five per cent) of the class of Shares
concerned (excluding the proposed buyer and persons acting in concert or otherwise connected with him), it may be referred
to the Independent Expert by any Shareholder and, pending its determination, such sale or transfer shall have no effect.
15. Co-Sale right.
15.1 No transfer (other than a Permitted Transfer) of any of the B Shares may be made or validly registered if such
transfer is by a B Shareholder holding more than 4% (four per cent) of the entire issued share capital of the Company, or
by B Shareholders together holding in aggregate more than 10% (ten per cent) of the entire issued share capital of the
Company unless the relevant B Shareholder(s) and any Permitted Transferee of that B Shareholder (each a "Selling B
Shareholder") shall have observed the following procedures of this Article 15.
15.2 After the Selling B Shareholder has gone through the pre-emption process set out in Article 11, the Selling B
Shareholder shall give to each A Shareholder not less than fifteen (15) Business Days' notice in advance of the proposed
sale (a "Co-Sale Notice"). The Co-Sale Notice shall specify:
(a) the identity of the proposed purchaser (the "Buyer");
(b) the price per share which the Buyer is proposing to pay;
(c) the manner in which the consideration is to be paid;
(d) the number of B Shares which the Selling B Shareholder proposes to sell; and
(e) the address where the counter-notice should be sent.
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For the purposes of this Article 15, it is acknowledged that Shares of different classes will be transferable at different
prices, such price per class of Share being a sum equal to that to which they would be entitled if the consideration payable
by the Buyer to the Selling B Shareholder were used to determine the valuation of the entire issued share capital of the
Company and such valuation was then allocated as between the Shares in accordance with Article 4.2.
15.3 Each A Shareholder shall be entitled within fifteen (15) Business Days after receipt of the Co-Sale Notice, to notify
the Selling B Shareholder that they wish to sell a certain number of A Shares held by them at the proposed sale price, by
sending a counter-notice which shall specify the number of A Shares which such A Shareholder wishes to sell. The maxi-
mum number of shares which an A Shareholder can sell under this procedure shall be:
(X / Y) x Z
where:
X is the number of A Shares held by the A Shareholder;
Y is the total number of A Shares held by the A Shareholders;
Z is the number of B Shares the Selling B Shareholder proposes to sell.
Any A Shareholder who does not send a counter-notice within such fifteen (15) Business Day period shall be deemed
to have specified that they wish to sell no shares.
15.4 Following the expiry of fifteen (15) Business Days from the date the A Shareholders receive the Co-Sale Notice,
the Selling B Shareholder shall be entitled to sell to the Buyer on the terms notified to the A Shareholders a number of
shares not exceeding the number specified in the Co-Sale Notice less any shares which A Shareholders have indicated they
wish to sell, provided that at the same time the Buyer (or another person) purchases from the A Shareholders the number
of shares they have respectively indicated they wish to sell on terms no less favourable than those obtained by the Selling
B Shareholder from the Buyer.
15.5 No sale by the Selling B Shareholder shall be made pursuant to any Co-Sale Notice more than three months after
service of that Co-Sale Notice.
15.6 Sales made in accordance with this Article 15 shall not be subject to Article 11.
15.7 No transfer (other than a Permitted Transfer) of any of the A Shares may be made or validly registered if such
transfer is by the Investors and any Permitted Transferee of the Investors unless the Investors and any Permitted Transferee
of the Investors shall have observed the following procedures of this Article 15.
15.8 After the Investors have gone through the pre-emption process set out in Article 11, the Investors shall give to
Beechbrook not less than fifteen (15) Business Days' notice in advance of the proposed sale (a “Co-Sale Notice”). The Co-
Sale Notice shall specify:
(a) the identity of the proposed purchaser (the “Buyer”);
(b) the price per share which the Buyer is proposing to pay;
(c) the manner in which the consideration is to be paid;
(d) the number of A Shares which the Investors propose to sell; and
(e) the address where the counter-notice should be sent.
15.9 Beechbrook shall be entitled within fifteen (15) Business Days after receipt of the Co-Sale Notice, to notify the
Investors that they wish to sell a certain number of A Shares held by them at the proposed sale price, by sending a counter-
notice which shall specify the number of A Shares which Beechbrook wishes to sell. The maximum number of shares which
Beechbrook can sell under this procedure shall be:
(X / Y) x Z
where:
X is the number of A Shares held by the Investors;
Y is the total number of A Shares held by the A Shareholders;
Z is the number of A Shares the Investors propose to sell.
If Beechbrook does not send a counter-notice within such fifteen (15) Business Day period it shall be deemed to have
specified that they wish to sell no shares.
15.10 Following the expiry of fifteen (15) Business Days from the date Beechbrook receives the Co-Sale Notice, the
Investors shall be entitled to sell to the Buyer on the terms notified to Beechbrook a number of shares not exceeding the
number specified in the Co-Sale Notice, provided that at the same time the Buyer (or another person) purchases from
Beechbrook the number of shares they have respectively indicated they wish to sell on terms no less favourable than those
obtained by the Investors from the Buyer.
16. Prohibited transfers.
16.1 Notwithstanding any other provision of these Articles and except as part of an Exit Event, no transfer of any Share
shall be registered if it is to:
(a) any infant, bankrupt, trustee in bankruptcy or person of unsound mind; or
(b) any person who has not executed a Deed of Adherence (as defined in the Investment Agreement) to, and in the
manner required by, the Investment Agreement.
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17. General meetings.
17.1 Calling Meetings
(a) The Managers may call general meetings and may be required to call a meeting by the Shareholders pursuant to the
provisions of the Act.
(b) If all of the shareholders are present or represented at a general meeting of shareholders and have waived any
convening requirement, the meeting may be held without prior notice or publication, otherwise general meetings shall be
called by at least fourteen clear days' notice.
(c) The notice shall specify the time and date and place of the meeting and the general nature of the business to be
transacted and shall include a statement confirming the Managers right to appoint a proxy.
(d) Subject to the provisions of the Articles and to any restrictions imposed on any Shares, the notice shall be given to
all the Shareholders, to Managers and the auditors and (provided the Company has been notified of their entitlement) to
all persons entitled to a Share in consequence of the death or bankruptcy of a Shareholder.
17.2 Quorum
No business other than the appointment of a chairman of the meeting is to be transacted unless a quorum is present. The
quorum shall be three persons entitled to vote upon the business of the meeting (who may be present in person, by proxy
or by a duly authorised representative), provided always that no quorum shall be present unless the Investor Manager is
present at the meeting (whether in person, by proxy or by a duly authorised representative).
17.3 Votes
(a) Each shareholder is entitled to as many votes as he holds Shares.
(b) Save for a higher majority provided in these articles of association or by law, collective decisions of the Company's
shareholders are only validly taken in so far as they are adopted by shareholders holding more than half of the share capital.
If this majority is not reached in a first meeting or proposed written resolution, the shareholders may be convened a second
time with the same agenda or receive such proposed written resolution a second time by registered letter, decisions are
validly adopted in so far as they are adopted by a majority of the votes validly cast whichever is the fraction of the share
capital represented
17.4 Proxies
(a) A proxy notice in respect of a specific meeting (and any evidence of the authority of the person executing it on the
appointors behalf) may:
(i) in the case of a proxy notice (and any evidence) in hard copy form, be deposited at the registered office or the address
specified in the relevant notice of meeting or in any instrument of proxy relating to that meeting sent out by the Company,
at any time before the holding of the meeting (or adjourned meeting); or
(ii) in the case of a proxy notice (and any evidence) sent by electronic means, be received at any address provided for
the purpose of receiving communications sent by electronic means and specified in the relevant notice of meeting, in any
instrument of proxy relating to that meeting sent out by the Company or in any communication by electronic means sent
out by the Company inviting the appointor to appoint a proxy relating to that meeting, at any time before the holding of
the meeting (or adjourned meeting);
(b) Termination of the authority of a person to act as proxy occurs at the end of the relevant meeting (or adjourned
meeting) and must be notified to the Company in writing.
17.5 Votes of Shareholders
In the case of joint holders of Shares only the vote of the senior holder (nominated by joint holders to the Company)
who votes (and any proxies appointed by him) may be counted by the Company and seniority shall be determined by the
order in which the names of the joint holders appear in the register of members. A Shareholder in respect of whom an order
has been made by any court having jurisdiction (whether in the United Kingdom or elsewhere) in matters concerning mental
disorder may vote, whether on a show of hands or on a poll, by his receiver, curator bonis or other person authorised in
that behalf appointed by that court, and any such receiver, curator bonis or other person may, on a poll, vote by proxy.
17.6 General Meetings
In case the Company has more than twenty-five (25) shareholders, at least one general meeting of shareholders shall be
held within six (6) months of the end of each financial year in Luxembourg at the registered office of the Company or at
such other place as may be specified in the convening notice of such meeting.
17.7 Manager Remuneration and Expenses
(a) Managers may undertake any services for the company that the Managers decide.
(b) Managers are entitled to such remuneration as the Managers determine:
(i) for their services to the company as Managers, and
(ii) for any other service which they undertake for the company.
(c) Subject to the articles, a Manager's remuneration may:
(i) take any form, and
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(ii) include any arrangements in connection with the payment of a pension, allowance or gratuity, or any death, sickness
or disability benefits, to or in respect of that manager.
(d) Unless the Managers decide otherwise, managers' remuneration accrues from day to day.
(e) Unless the Managers decide otherwise, Managers are not accountable to the company for any remuneration which
they receive as Managers or other officers or employees of the company's subsidiaries or of any other body corporate in
which the company is interested.
17.8 Managers' expenses
(a) The company may pay any reasonable expenses which the Managers properly incur in connection with their atten-
dance at:
(i) meetings of Managers or committees of Managers,
(ii) general meetings, or
(iii) separate meetings of the holders of any class of shares or of debentures of the company,
or otherwise in connection with the exercise of their powers and the discharge of their responsibilities in relation to the
company.
18. Managers.
18.1 Number of Managers
The number of Managers (including the Oakfield Investor Director) shall not be less than four in number.
18.2 Power of the board of Managers
(a) The board of Managers is vested with the broadest powers to act in the name of the Company and to take any actions
necessary or useful to fulfil the Company's corporate purpose, with the exception of the powers reserved by the 1915 Law
or by these Articles to the general meeting of shareholders.
(b) The Company shall be bound towards third parties in all circumstances (i) by the signature of the sole Manager, or,
if the Company has several Managers, by the individual signature of any Manager, or (ii) by the joint signatures or the sole
signature of any person(s) to whom such signatory power may have been delegated by the board of Managers within the
limits of such delegation.
18.3 Appointment and removal of Managers
(a) The Managers may with the consent of the Investor Manager and a majority of the Shareholders appoint a person
who is willing to act to be a Manager, either to fill a vacancy or as an additional Manager.
(b) No manager shall be required to vacate his office as a Manager, nor shall any person be ineligible for appointment
as a Manager, by reason of his having attained any particular age.
(c) The office of a Manager shall be vacated if:
(i) he ceases to be a Manager by virtue of any provision of the Act or these Articles (including Article 17.2(d)) or he
becomes prohibited by law from being a Manager of a company; or
(ii) he becomes bankrupt or makes any arrangement or composition with his creditors generally; or
(iii) he is, or may be, suffering from mental disorder and either:
(A) he is admitted to hospital in pursuance of an application for admission for treatment under the Mental Health Act
1983, or, in Scotland, an application for admission under the Mental Health (Scotland) Act 1960, or
(B) by reasons of his mental health, a court makes an order which wholly or partly prevents that Manager from personally
exercising any powers or rights he would otherwise have; or
(iv) he resigns his office by notice in writing to the Company; or
(v) he is convicted of a criminal offence (other than a motoring offence or series of motoring offences not resulting in
disqualification) and the Managers resolve that he be removed from office; or
(vi) in the case of a person who is also an employee of the Company or another Group Company, he ceases to be such
an employee without so remaining an employee of any other member of the Group; or
(vii) he shall for more than six consecutive months have been absent without permission of the Managers from meetings
of Managers held during that period and the Managers resolve that he be removed from office; or
(viii) (save in the case of an Investor Manager) the Board resolves that he be removed from office.
(d) In addition, the Company may by ordinary resolution (whether at a general meeting or in writing and without special
notice) remove any Manager (other than an Investor Manager) before the expiration of his period of office and may by
ordinary resolution (whether at a general meeting or in writing and without any special notice) appoint another Manager
in his place.
(e) Subject to the provisions of the 1915 Law, the Managers may nominate one or more of their number to the office of
managing Manager or to any other executive office under the Company and may enter into an agreement or arrangement
with any manager for his employment by the Company or for the provision by him of any services outside the scope of the
ordinary duties of a Manager. Any such appointment, agreement or arrangement may be made upon such terms as the
Managers determine and they may remunerate any such manager for his services as they think fit. Any appointment of a
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Manager to an executive office shall terminate if he ceases to be a Manager but without prejudice to any claim to damages
for breach of the contract of service between the Manager and the Company.
18.4 Proxies
Any manager may act at any meeting of the board of Managers by appointing another manager as his proxy either in
writing, or by facsimile, electronic mail or any other similar means of communication, a copy of the appointment being
sufficient proof thereof. A Manager may represent one or more but not all of the other managers.
18.5 Proceedings of Managers
(a) Notice of every meeting of the Managers shall be given to each manager:
(i) at any address supplied by him to the Company for that purpose; or
(ii) at any address for sending communications by electronic means supplied by him to the Company for that purpose,
provided that any manager may waive notice of any meeting prospectively by notice to the Company and if he does so it
shall be no objection to the validity of the meeting (or any business conducted at it) that notice of the meeting was not given
to him.
(b) Notices of meetings of the Managers shall be given in writing.
(c) Any Manager may participate in a meeting of the Managers or a committee of the Managers of which he is a member
by means of a conference telephone or similar communications equipment whereby all persons participating in the meeting
can hear each other and participation in a meeting in this manner shall be deemed to constitute presence in person at such
meeting and, subject to these Articles and the Act, he shall be entitled to vote and be counted in a quorum accordingly.
Such a meeting shall be deemed to take place at the registered office of the Company.
(d) Subject to Articles 17.5 and 17.6, any quorum for the transaction of business at a meeting of the Managers shall,
save with Investor Consent, include the Investor Manager (if appointed).
(e) A resolution in writing signed by all the Managers entitled to receive notice of a meeting of Managers shall be as
valid and effectual as it if had been passed at a meeting of Managers duly convened and held and may consist of several
documents in the like form each signed by one or more Managers.
(f) Minutes of meetings of the Board shall be prepared and circulated as soon as practicable and circulated to each
Manager not more than ten (10) business days after the meeting.
18.6 Transactional Conflicts
(a) Subject to the provisions of the 1915 Law and provided that he has disclosed to the Managers the nature and extent
of any material interest of his, a Manager notwithstanding his office:
(i) may be a party to or otherwise interested in any transaction or arrangement with the Company or in which the Company
is in any way interested;
(ii) may be a Manager or other officer of or employed by or be a party to any transaction or arrangement with or otherwise
interested in any body corporate promoted by the Company or in which the Company is in any way interested;
(iii) may (and any firm or company of which he is a partner or member or Manager may) act in a professional capacity
for the Company or any body corporate in which the Company is in any way interested;
(iv) shall not by reason of his office be accountable to the Company for any benefit which he derives from such office
service or employment or from any such transaction or arrangement or from any interest in any such body corporate and
no such transaction or arrangement shall be liable to be avoided on the ground of any such interest or benefit; and
(v) shall, subject to Articles 18.5(b) and 18.5(d), and the terms of any authorisation under Article 16 be entitled to vote
and be counted in the quorum on any resolution concerning a matter in which he has direct or indirectly an interest or duty.
(b) For the purposes of Article 18.6(b):
(i) a general notice to the Managers that a Manager is to be regarded as having an interest of the nature and extent
specified in the notice in any transaction or arrangement in which a specified person or class of persons is interested shall
be deemed to be a disclosure that the Manager has an interest in any such transaction of the nature and extent so specified;
(ii) an interest of which a Manager is not aware and of which it is unreasonable to expect him to be aware shall not be
treated as an interest of his; and
(iii) an interest of a person who is for any purpose of the Act or the 1915 Law (excluding any statutory modification not
in force when these Articles were adopted) connected with a Manager shall be treated as an interest of the Manager.
18.7 Authorisation of Situational Conflicts
(a) To the fullest extent possible by law and subject to the other provisions of the Articles, for the purposes of section
180(4)(a) of the Act, any Manager (including an Investor Manager) shall be authorised in respect of the Pre-Authorised
Situations and each Investor Manager shall be authorised in respect of the Pre-Authorised Investor Manager Situations.
(b) To the fullest extent permitted by law and subject to the other provisions of these Articles, the Managers (for the
purposes of section 175(4)(b) of the Act) and the Company by resolution (for the purposes of section 180(4)(a) of the Act)
may authorise any Conflict Situation.
(c) Any authorisation under (b) shall:
(i) be subject to Investor Consent (save where the authorisation relates only to an Investor Manager);
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(ii) be on such terms and conditions as may be set out in such Investor Consent or (if the authorisation relates only to
an Investor Manager), as resolved by the Company or the Board (and any such terms and conditions may be revoked or
varied by Investor Consent or resolution of the Shareholders or relevant managers as appropriate); and
(iii) extend to any actual or potential Conflict Situation which may reasonably be expected to arise out of the matters
expressly authorised.
(d) Notwithstanding Articles 18.4(c), 18.4(e) (and without prejudice to Article 18.6(e)(i)), at any meeting of the Mana-
gers where the authorisation of a Conflict Situation pursuant to Article 18.6(b) is being considered:
(i) where the Conflict Situation does not relate to an Investor Manager, the quorum shall be two and shall include an
Investor Manager;
(ii) where the Conflict Situation relates to an Investor Manager the quorum shall be two and shall not include any
Manager to whom that Conflict Situation relates but shall include any Chairman of the Board unless he is also so interested;
and
(iii) any resolution of the Managers authorising the Conflict Situation can only be passed where any Managers to whom
that Conflict Situation relates do not vote or would have been passed without counting the votes of any such interested
Manager who votes.
(e) Subject to authorisation of a Conflict Situation in accordance with these Articles (including under Article 18.7(a))
and any terms or conditions applying to such authorisation, a Manager:
(i) may count in the quorum for and vote at any meeting (or part of a meeting) of the Board at which the authorised
Conflict Situation is considered (and may receive notices of and documents and information relating to such meetings/parts
of meetings);
(ii) shall not be required to disclose to the Company any confidential information obtained as a result of the authorised
Conflict Situation (save where also lawfully obtained as a result of his position as a Manager of the Company) where do
so would result in the Manager breaching a duty of confidentiality owed as a result of or in relation to the authorised Conflict
Situation;
(iii) shall not be accountable to the Company for any benefit he (or a person connected with him) derives from any
matter relating to the authorised Conflict Situation and any contract or arrangement relating to the Conflict Situation shall
not be liable to be avoided on the ground of any such benefit.
(f) Where proposals concerning the authorisation by the Managers of Conflict Situations of two or more Managers under
Article 18.7(b) are under consideration, such Managers' interests may be divided and considered separately for each Ma-
nager and each such Manager may form part of the quorum and vote in relation to each resolution except any resolution
(s) concerning his own Conflict Situation(s) (provided he is not otherwise precluded from voting or forming part of the
quorum).
(g) Each Manager shall comply with any obligations imposed on him pursuant to any such authorisation (whether by
the Managers, the Shareholders or as set out in the relevant Investor Consent).
(h) For the purposes of this Article 18.7:
(i) any reference to a conflict of interest includes a conflict of interest and duty and a conflict of duties; and
(ii) an interest of a person connected with a Manager for the purposes of the Act shall be treated as an interest of the
Manager.
For the avoidance of doubt, reference to the Act under this Article 18.7 shall only apply to the extent that they do not
conflict with the provision of the 1915 Law.
19. Secretary.
19.1 The Board (with Investor Consent) shall have the right at any time and from time to time to appoint one of the
Managers of the Company or any other person as secretary of the Company and shall have the right to remove from the
office of secretary of the Company any person appointed by it pursuant to this Article and to appoint another Manager or
other person in his place (such appointment or removal to have effect as otherwise set out in such notice).
20. Dividends.
20.1 At the end of each financial year, the accounts are closed and the Board draws up an inventory of the Company's
assets and liabilities, the balance sheet and the profit and loss accounts in accordance with the law.
20.2 Of the annual net profits of the Company, five per cent (5%) at least shall be allocated to the legal reserve. This
allocation shall cease to be mandatory as soon and as long as the aggregate amount of such reserve amounts to ten per cent
(10%) of the share capital of the Company.
20.3 Sums contributed to a reserve of the Company by a shareholder may also be allocated to the legal reserve if the
contributing shareholder agrees to such allocation.
20.4 In case of a share capital reduction, the Company's legal reserve may be reduced in proportion so that it does not
exceed ten per cent (10%) of the share capital.
20.5 Upon recommendation of the board of Managers, the general meeting of shareholders shall determine how the
remainder of the Company's profits shall be used in accordance with the Law and these Articles.
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20.6 The Board may decide to pay interim dividends on the basis of interim financial statements prepared by the Board
showing that sufficient funds are available for distribution. The amount to be distributed may not exceed realized profits
since the end of the last financial year, increased by profits carried forward and distributable reserves, but decreased by
losses carried forward and sums to be allocated to a reserve which the 1915 Law or these Articles do not allow to be
distributed.
20.7 Any share premium, assimilated premium or other distributable reserve may be freely distributed to the shareholders
subject to the provisions of the 1915 Law and the Articles.
21. Means of communication to be used.
21.1 Any notice to be given to or by any person pursuant to the Articles (other than a notice calling a meeting of Managers)
shall be in writing to an address for the time being notified for that purpose to the person giving the notice.
21.2 The Company may give any notice to a Shareholder either by hand or by sending it by post in a prepaid envelope
addressed to the Shareholder at his registered address or by leaving it at that address or by sending by electronic means to
an address for the time being notified by the Shareholder to the Company for the purpose of sending communications by
electronic means. In the case of joint holders of a Share, all notices shall be given to the joint holder whose name appears
first in the register of members in respect of the joint holding and notice so given shall be sufficient notice to all the joint
holders.
21.3 A Shareholder present, either in person or by proxy, at any meeting of the Company or of the holders of any class
of Shares in the Company shall be deemed to have received notice of the meeting and, where requisite, of the purposes for
which it was called.
21.4 Proof that an envelope containing a notice was properly addressed, prepaid and posted in accordance with the
Articles shall be conclusive evidence that that the notice was given. Proof that a notice given by electronic means was
properly addressed in accordance with the Articles shall be conclusive evidence that the notice was given. A notice shall
be deemed to be given at the expiration of forty-eight (48) hours after the envelope containing it was posted or, in the case
of a notice given by electronic means, at the expiration of twenty-four (24) hours after the time it was sent. For the purposes
of this Article no account shall be taken or any day or any part of a day that is not a business day.”
<i>Seventh resolutioni>
The general meeting of shareholders decides to appoint Mr. Roy Merritt, born on 2 September 1964, in Meriden, United
Kingdom, and professionally residing at 21 Grove Park Gardens, London, W4 3RY, as the Oakfield Investor Director for
an unlimited duration.
Whereof, the present notarial deed was drawn up in Pétange, on the day specified at the beginning of this document.
The undersigned notary who understands and speaks English, states herewith that on request of the appearing parties,
this deed is worded in English followed by a French translation; on the request of the same appearing parties and in case
of discrepancy between the English and the French text, the English version shall prevail.
The document having been read to the proxyholder of the appearing parties, known to the notary by name, first name
and residence, the said proxyholder of the appearing parties signed together with the notary the present deed.
Suit la traduction en français du texte qui précède
<i>(N.B. Pour des raisons techniques, la version française est publiée au Mémorial C-N° 1652 du 08 juin 2016.)i>
Signé: Conde, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 06 novembre 2015. Relation: EAC/2015/25932. Reçu soixante-quinze euros
75,00 €
<i>Le Receveur ff.i> (signé): M. Halsdorf.
POUR EXPEDITION CONFORME
Référence de publication: 2016077170/3190.
(160042375) Déposé au registre de commerce et des sociétés de Luxembourg, le 10 mars 2016.
Editeur:
Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg
Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck
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EFG Investment (Luxembourg) SA
ELAN Spf S.A.
Emergis Global Holdings S.C.A.
Eur@fnet S.A.
Exploitation Agricole Poggio Felice Sàrl
Facts Services
Firstcom Europe S.à r.l.
Garage Losch Bech-Kleinmacher S.à r.l.
Genuine Basic Luxembourg III S.à r.l.
Gesfinlux S.A. Holding
Ginga Brasil Capoeïra S.à r.l.
Ginga Brasil Capoeïra S.à r.l.
Ginga Brasil Capoeïra S.à r.l.
Ginga Brasil Capoeïra S.à r.l.
GJ Holding Sàrl
GKF-Group Holding S.A.
GKF-Group Holding S.A.
GKF-Group Holding S.A.
GKF-Group Holding S.A.
GKF-Group Holding S.A.
Go Gusto S.à r.l.
Goodman Brown Logistics (Lux) S.à r.l.
Goodman Ceramic Logistics (Lux) S.à r.l.
Grandfin International S.A.
Grandfin International S.A.
Greensboro
Grignan Management S.à r.l. & CO S.C.A., société de gestion de patrimoine familial
Hamira SA
HayFin DLF (GBP Parallel) LuxCo 3 S.à r.l.
H.I.G. Europe - Brand Addition S.à r.l.
Hilares S.A.
Homeside Holding Sàrl
Hotel Gantenbeinsmillen S.àr.l.
HPR
Imalpa S.A.
Immodolux SPF
Immodolux SPF
ITC-Services S.à r.l.
ITC-Services S.à r.l.
Leopard Germany Holding Hotels S.à r.l.
LFPI EU PE Luxembourg SLP
Mandarin Capital Partners II S.C.A. SICAR
Minion Consulting S.à r.l.
Severn Topco S.à r.l.