|Act of 26 March 1999|
An anti-dilution warrant entitles its holder to acquire, during a new financing round, additional shares at a price lower than the price initially paid. Through exercise of the anti-dilution warrant, the holder acquires the same number of shares as if the initial investment had been invested in the new financing round at the new issue price.
|Articles of association / articles of incorporation||
Document containing the basic rules governing a company. By law, the articles must contain certain information, such as the company's name, a description of its corporate purpose, the address of its registered office, its capital, and the names of the persons authorised to manage and represent the company, the extent of their powers and the manner in which these powers can be exercised (alone, jointly or as a collective body).
An advisory committee to the board of directors whose composition and tasks are, for certain companies, determined by law (Article 526bis of the Company Code). The main duties of the audit committee are to follow up on the preparation and audit of the annual accounts and other financial information, ensure the efficiency of internal control and risk management systems, and verify the statutory auditor's independence. In this context, the committee provides opinions and recommendations to the board of directors.
At the close of the financial year, the company's auditor must indicate whether the annual accounts accurately reflect all risks to which the company is exposed. To this end, the auditor will send a letter to external parties, e.g. the company's legal advisors, in order to know whether the company is involved in any lawsuits or is/could be exposed to (future) claims. The letter in which the legal advisors, for instance, disclose the risks to the company of which they are aware is known as an audit letter.