Pursuant to the Act on the Ownership Transformation of PETROL, podjetje za notranjo in zunanjo trgovino ter finančno poslovanje, r.o., Ljubljana, Dunajska c. 50 (fifty), on 27 June 1996 (the twenty-seventh of June, nineteen ninety-six), the General Meeting of the company adopted the Articles of Association of the joint-stock company PETROL, Slovenska naftna družba, d.d., Ljubljana. Amendments to the Articles of Association were adopted at the 1st(first) General Meeting held on 4 April 1997 (the fourth of April, nineteen ninety-seven), the 2nd(second) General Meeting held on 21 November 1997 (the twenty-first of November, nineteen ninety-seven), the 9th(ninth) General Meeting held on 27 May 2003 (the twenty-seventh of May, two thousand and three), the 14th(fourteenth) General Meeting held on 14 March 2006 (the fourteenth of March, two thousand and six), the 15th(fifteenth) General Meeting held on 10 May 2006 (the tenth of May, two thousand and six), the 16th(sixteenth) General Meeting held on 16 May 2007 (the sixteenth of May, two thousand and seven), the 18th(eighteenth) General Meeting held on 7 April 2009 (the seventh of April, two thousand and nine), the 20th(twentieth) General Meeting held on 6 May 2010 (the sixth of May, two thousand and ten), the 21st(twenty-first) General Meeting held on 19 May 2011 (the nineteenth of May, two thousand and eleven), the 27th(twenty-seventh) General Meeting held on 10 April 2017 (the tenth of April, two thousand and seventeen), the 29th(twenty-ninth) General Meeting held on 18 April 2019 (the eighteenth of April, two thousand and nineteen), the 32nd(thirty-second) General Meeting held on 28 December 2020 (the twenty-eighth of December, two thousand and twenty), and the 34th(thirty-fourth) General Meeting held on 21 April 2022 (the twenty-first of April, two thousand and twenty-two), 40th(fortieth) General Meeting held on 27 May 2025 (the twenty-seventh of May, two thousand and twenty-five), so that the Company's Articles of Association now read as follows:--------
-- -- --- --- -- -- --- --- -- --- -- --- -- --- -- --- --- -- --
-- -- --- --- -- -- --- --- -- --- -- --- -- --- -- --- --- -- --
-- -- --- -- -- A R T I C L E S O F A S S O C I A T I O N-- - -- --- -- -
-- -- --- --- O F T H E J O I N T S T O C K C O M P A N Y-- --- --- -- -
--------------------------------------------------
-------------------- (consolidated text)------- -- - ----------
- ------------------------------------------------
--------------------------------------------------
-
GENERAL PROVISIONS------- ------------------- -----
--------------------------------------------------
-
ESTABLISHMENT AND LEGAL STATUS ------------- ---------
--------------------------------------------------
PETROL, Slovenska energetska družba, d.d., Ljubljana, Dunajska c. 50 (fifty), Ljubljana is entered in the register of companies/business register under the company identification number 5025796000 (hereinafter referred to as: the Company).--------- -----
--------------------------------------------------
-
NAME AND REGISTERED OFFICE-- -----------------------
--------------------------------------------------
The name of the Company is PETROL, Slovenska energetska družba, d.d., Ljubljana.---
--------------------------------------------------
The abbreviated name of the Company is PETROL d.d., Ljubljana. ------ ------
--------------------------------------------------
The Company's symbol and logo are integral parts of its name.-------- -------
--------------------------------------------------
The Company's seals shall bear the Company's full or abbreviated name in addition to its symbol.---- ----- --------------------------------
--------------------------------------------------
In its international operations, the Company may use, together with its Slovenian name, the English translation of the name which shall read "PETROL, Slovenian Energy Company, d.d., Ljubljana". ---- --------- -----------------------
--------------------------------------------------
The registered office of the Company is in Ljubljana and its principal place of business is at Dunajska cesta 50 (fifty). Any changes in the Company's principal place of business shall be decided on by the Management Board. ------- ----------- --------
--------------------------------------------------
-
ACTIVITIES OF THE COMPANY---------------------------
--------------------------------------------------
The activities of the Company according to the Standard Classification of Activities include:
--------------------------------------------------
01.620
Support activities for animal production------- ------------------ -
02.400
Support services to forestry--------------------------------
03.300
Support services for fishing and aquaculture----- -------------------
06.100
Extraction of crude petroleum------------ ------------------
06.200
Extraction of natural gas- ----------------------------- ---
08.120
Operation of gravel and sand pits and mining of clay and kaolin--------- -----
08.910
Mining of chemical and fertiliser minerals------ --------------- ----
08.930
Extraction of salt----- --------------------------------
08.990
Other mining and quarrying n.e.c. --------- ------------ -------
09.100
Support activities for petroleum and natural gas extraction------------ ---- -
09.900
Support activities for other mining and quarrying--- ------------------
10.110
Processing and preserving of meat--------------------- ------ -
10.120
Processing and preserving of poultry meat------ --------------- ----
10.130
Production of meat and poultry meat products---- ----------------- --
10.200
Processing and preserving of fish, crustaceans and molluscs---------- ----- -
10.310
Processing and preserving of potatoes-------- ------------- ------
10.320
Manufacture of fruit and vegetable juice------- -------------- ----
10.390
Other processing and preserving of fruit and vegetables----------------- -
10.520
Manufacture of ice cream and other edible ice---- ----------------- --
10.610
Manufacture of grain mill products---------- ------------------
10.620
Manufacture of starches and starch products----- ---------------- ---
10.710
Manufacture of bread, fresh pastry goods and cakes-- ------------------
10.720
Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes----
10.730
Manufacture of macaroni, noodles, couscous and similar farinaceous products-- -----
10.820
Manufacture of cocoa, chocolate and sugar confectionery-----------------
10.830
Processing of tea and coffee-------------------------------
10.850
Manufacture of prepared meals and dishes------ --------------- ---
10.860
Manufacture of homogenised food preparations and dietetic food-------------
10.890
Manufacture of other food products n.e.c. ----- ---------------- ---
11.010
Distilling, rectifying and blending of spirits----- ---------------- ---
11.020
Manufacture of wine from grape---------- -------------------
11.030
Manufacture of cider and other fermented fruit beverages-----------------
11.040
Manufacture of other non-distilled fermented beverages------------------
11.050
Manufacture of beer--- --------------------------------
11.070
Manufacture of soft drinks and bottled waters---- -------------------
13.300
Finishing of textiles--- --------------------------------
15.200
Manufacture of footwear- --------------------------------
17.230
Manufacture of paper stationery----------- ------------------
18.120
Other printing------ --------------------------------
18.200
Reproduction of recorded media---------- -------------------
19.100
Manufacture of coke oven products--------- -------------------
19.200
Manufacture of refined petroleum products and fossil fuel products------- -----
20.110
Manufacture of industrial gases----------- -------------------
20.120
Manufacture of dyes and pigments---------- ------------------
20.140
Manufacture of other organic basic chemicals---- -------------------
20.150
Manufacture of fertilisers and nitrogen compounds-- ------------------
20.160
Manufacture of plastics in primary forms------ -------------------
20.410
Manufacture of soap and detergents, cleaning and polishing preparations----- -----
20.420
Manufacture of perfumes and toilet preparations--- ------------------
20.510
Manufacture of liquid biofuels------------ ------------------
20.590
Manufacture of other chemical products n.e.c. --- ------------------
22.110
Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes------
22.210
Manufacture of plastic plates, sheets, tubes and profiles------------------
22.220
Manufacture of plastic packing goods-------- -------------------
22.250
Processing and finishing of plastic products----- -------------------
22.260
Manufacture of other plastic products-------- -------------------
23.440
Manufacture of other technical ceramic products--- ------------------
24.330
Cold forming or folding- --------------------------------
25.110
Manufacture of metal structures and parts of structures------------------
25.220
Manufacture of other tanks, reservoirs and containers of metal---------- -----
25.530
Machining od metals--- --------------------------------
25.631
Manufacture of hand tools--------------------------------
25.632
Manufacture of other tools--------------------------------
25.910
Manufacture of steel drums and similar containers-- -------------------
25.990
Manufacture of other fabricated metal products n.e.c. -------------------
26.110
Manufacture of electronic components-------- ------------------
26.200
Manufacture of computers and peripheral equipment- ------------------
26.300
Manufacture of communication equipment------ ------------------
26.400
Manufacture of consumer electronics-------- -------------------
26.510
Manufacture of instruments and appliances for measuring, testing and navigation- -----
26.520
Manufacture of watches and clocks--------- -------------------
26.600
Manufacture of irradiation, electromedical and electrotherapeutic equipment--- -----
26.700
Manufacture of optical instruments, magnetic and optical media and photographic equipment
27.110
Manufacture of electric motors, generators and transformers---------- ------
27.120
Manufacture of electricity distribution and control apparatus---------- ------
27.330
Manufacture of wiring devices------------ ------------------
27.400
Manufacture of lighting equipment----------------------------
27.900
Manufacture of other electrical equipment------ -------------------
28.110
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines- -----
28.120
Manufacture of fluid power equipment-------- ------------------
28.130
Manufacture of other pumps and compressors---- -------------------
28.140
Manufacture of other taps and valves-------- -------------------
28.290
Manufacture of other general-purpose machinery n.e.c. -----------------
28.410
Manufacture of metal forming machinery and machine tools for metal work--- -----
28.420
Manufacture of other machine tools--------- -------------------
28.930
Manufacture of machinery for food, beverage and tobacco processing------ -----
28.940
Manufacture of machinery for textile, apparel and leather production------ ------
28.960
Manufacture of plastics and rubber machinery---- -------------------
28.970
Manufacture of additive manufacturing machinery-- ------------------
28.990
Manufacture of other special-purpose machinery n.e.c. -----------------
29.100
Manufacture of motor vehicles----------- -------------------
29.200
Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-
trailers---------- --------------------------------
29.310
Manufacture of electrical and electronic equipment for motor vehicles------ -----
29.320
Manufacture of other parts and accessories for motor vehicles---------- -----
30.200
Manufacture of railway locomotives and rolling stock-------------------
30.910
Manufacture of motorcycles-------------------------------
30.920
Manufacture of bicycles and invalid carriages---- -------------------
32.500
Manufacture of medical and dental instruments and supplies---------- ------
32.990
Other manufacturing n.e.c. -------------------------------
33.110
Repair of fabricated metal products--------- -------------------
33.120
Repair and maintenance of machinery-------- -------------------
33.130
Repair and maintenance of electronic and optical equipment----------- -----
33.140
Repair and maintenance of electrical equipment--- -------------------
33.150
Repair and maintenance of civilian ships and boats-- ------------------
33.170
Repair and maintenance of other civilian transport equipment---------- -----
33.180
Repair and maintenance of military fighting vehicles, ships, boats, air and spacecraft----
33.190
Repair and maintenance of other equipment----- -------------------
33.200
Installation of industrial machinery and equipment-- ------------------
35.110
Production of electricity from non-renewable resources------------------
35.120
Production of electricity from renewable resources-- ------------------
35.130
Transmission of electricity--------------------------------
35.140
Distribution of electricity- --------------------------------
35.150
Trade of electricity---- --------------------------------
35.160
Storage of electricity--- --------------------------------
35.210
Manufacture of gas---- --------------------------------
35.220
Distribution of gaseous fuels through mains----- -------------------
35.230
Trade of gas through mains--------------------------------
35.240
Storage of gas as part of network supply services--- ------------------
35.300
Steam and air conditioning supply----------------------------
35.400
Activities of brokers and agents for electric power and natural gas-------- -----
36.000
Water collection, treatment and supply-------- ------------------
37.000
Sewerage-------- --------------------------------
38.110
Collection of non-hazardous waste---------- ------------------
38.120
Collection of hazardous waste------------ ------------------
38.210
Materials recovery---- --------------------------------
38.220
Energy recovery----- --------------------------------
38.230
Other waste recovery--- --------------------------------
38.310
Incineration without energy recovery--------- ------------------
38.320
Landfilling or permanent storage---------- -------------------
38.330
Other waste disposal--- --------------------------------
39.000
Remediation activities and other waste management services---------- -----
41.000
Construction of residential and non-residential buildings------------------
42.110
Construction of roads and motorways-------- -------------------
42.120
Construction of railways and underground railways-- ------------------
42.130
Construction of bridges and tunnels--------- -------------------
42.210
Construction of utility projects for fluids------ -------------------
42.220
Construction of utility projects for electricity and telecommunications------ -----
42.910
Construction of water projects------------ ------------------
42.990
Construction of other civil engineering projects n.e.c. ------------------
43.110
Demolition-------- --------------------------------
43.120
Site preparation----- --------------------------------
43.130
Test drilling and boring-- --------------------------------
43.210
Electrical installation-----------------------------------
43.220
Plumbing, heat and air-conditioning installation--- -------------------
43.230
Installation of insulation- --------------------------------
43.240
Other construction installation------------------------------
43.310
Plastering-------- --------------------------------
43.320
Joinery installation---- --------------------------------
43.330
Floor and wall covering- --------------------------------
43.341
Glazing--------- --------------------------------
43.342
Painting--------- --------------------------------
43.350
Other building completion and finishing------- ------------------
43.410
Roofing activities---- --------------------------------
43.420
Other specialised construction activities in construction of buildings------------
43.500
Specialised construction activities for civil engineering------------------
43.910
Masonry--------- --------------------------------
43.990
Other specialised construction activities n.e.c.---- -------------------
46.110
Activities of agents involved in the wholesale of agricultural raw materials, live animals,
textile raw materials and semi-finished goods---- -------------------
46.120
Activities of agents involved in the wholesale of fuels, ores, metals and industrial chemicals
46.130
Activities of agents involved in the wholesale of timber and building materials-- -----
46.140
Activities of agents involved in the wholesale of machinery, industrial equipment, ships and
aircraft---------- --------------------------------
46.150
Activities of agents involved in the wholesale of furniture, household goods, hardware and
ironmongery------- --------------------------------
46.160
Activities of agents involved in the wholesale of textiles, clothing, fur, footwear and leather
goods---------- --------------------------------
46.170
Activities of agents involved in the wholesale of food, beverages and tobacco-- -----
46.180
Activities of agents involved in the wholesale of other specialised products--- ------
46.190
Activities of agents involved in non-specialised wholesale------------ -----
46.210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds------ -----
46.220
Wholesale of flowers and plants----------- ------------------
46.230
Wholesale of live animals--------------------------------
46.240
Wholesale of hides, skins and leather-------- -------------------
46.310
Wholesale of fruit and vegetables---------- -------------------
46.320
Wholesale of meat, meat products, fish and fish products------------ -----
46.330
Wholesale of dairy products, eggs and edible oils and fats------------ -----
46.340
Wholesale of beverages- ---------------------------------
46.350
Wholesale of tobacco products----------- -------------------
46.360
Wholesale of sugar, chocolate and sugar confectionery------------------
46.370
Wholesale of coffee, tea, cocoa and spices------------------------
46.380
Wholesale of other food- --------------------------------
46.390
Non-specialised wholesale of food, beverages and tobacco----------- ------
46.410
Wholesale of textiles--- --------------------------------
46.420
Wholesale of clothing and footwear--------- -------------------
46.430
Wholesale of electrical household appliances---- -------------------
46.440
Wholesale of china and glassware and cleaning materials------------ -----
46.450
Wholesale of perfume and cosmetics-------- -------------------
46.460
Wholesale of pharmaceutical and medical goods--- ------------------
46.470
Wholesale of household, office and shop furniture, carpets and lighting equipment-----
46.480
Wholesale of watches and jewellery--------- -------------------
46.490
Wholesale of other household goods-------- -------------------
46.500
Wholesale of ICT equipment------------ -------------------
46.610
Wholesale of agricultural machinery, equipment and supplies---------------
46.620
Wholesale of machine tools--------------------------------
46.630
Wholesale of mining, construction and civil engineering machinery------- -----
46.640
Wholesale of other machinery and equipment---- -------------------
46.710
Wholesale of motor vehicles-------------------------------
46.720
Wholesale of motor vehicle parts and accessories--- ------------------
46.730
Wholesale of motorcycles, motorcycle parts and accessories---------- ------
46.750
Wholesale of chemical products----------- ------------------
46.760
Wholesale of other intermediate products------ -------------------
46.770
Wholesale of waste and scrap-------------------------------
46.810
Wholesale of solid, liquid and gaseous fuels and related products-------------
46.820
Wholesale of metals and metal ores--------- -------------------
46.830
Wholesale of wood, construction materials and sanitary equipment------- ------
46.840
Wholesale of hardware, plumbing and heating equipment and supplies------ -----
46.900
Non-specialised wholesale trade----------- ------------------
47.110
Non-specialised retail sale of predominantly food, beverages or tobacco----- -----
47.120
Other non-specialised retail sale-----------------------------
47.210
Retail sale of fruit and vegetables---------- -------------------
47.220
Retail sale of meat and meat products-------- -------------------
47.230
Retail sale of fish, crustaceans and molluscs----- -------------------
47.240
Retail sale of bread, cake and confectionery----- -------------------
47.250
Retail sale of beverages-- --------------------------------
47.260
Retail sale of tobacco products----------- -------------------
47.270
Retail sale of other food- --------------------------------
47.301
Retail sale of own automotive fuel---------- ------------------
47.302
Agents involved in retail sale of automotive fuel--- ------------------
47.400
Retail sale of computer and communication equipment------------------
47.510
Retail sale of textiles--- --------------------------------
47.520
Retail sale of hardware, building materials, paints and glass----------------
47.530
Retail sale of carpets, rugs, wall and floor coverings- -------------------
47.540
Retail sale of electrical household appliances---- -------------------
47.550
Retail sale of furniture, lighting equipment, tableware and other household articles-----
47.610
Retail sale of books--- --------------------------------
47.621
Retail sale of newspapers, and other periodical publications----------- -----
47.622
Retail sale of stationery-- --------------------------------
47.630
Retail sale of sporting equipment---------- -------------------
47.640
Retail sale of games and toys-------------------------------
47.690
Retail sale of cultural and recreational goods n.e.c. - ------------------
47.710
Retail sale of clothing-- --------------------------------
47.720
Retail sale of footwear and leather goods------- ------------------
47.730
Retail sale of pharmaceutical products-------- ------------------
47.740
Retail sale of medical and orthopaedic products--- -------------------
47.750
Retail sale of cosmetic and toilet articles------- ------------------
47.761
Retail florist sale----- --------------------------------
47.762
Retail sale of gardening material and pet animals--- ------------------
47.770
Retail sale of watches and jewellery--------- -------------------
47.780
Retail sale of other new goods------------------------------
47.790
Retail sale of second-hand goods---------- -------------------
47.810
Retail sale of motor vehicles-------------------------------
47.820
Retail sale of motor vehicle parts and accessories--- ------------------
47.830
Retail sale of motorcycles, motorcycle parts and accessories---------- ------
47.910
Intermediation service activities for non-specialised retail sale---------- -----
47.920
Intermediation service activities for specialised retail sale------------ -----
49.120
Other passenger rail transport------------ -------------------
49.200
Freight rail transport--- --------------------------------
49.310
Scheduled passenger transport by road-------- ------------------
49.320
Non-scheduled passenger transport by road------ ------------------
49.330
On-demand passenger transport service activities by vehicle with driver----- -----
49.340
Passenger transport by cableways and ski lifts---- -------------------
49.390
Other passenger land transport n.e.c. -------- ------------------
49.410
Freight transport by road- --------------------------------
49.420
Removal services---- ---------------------------------
49.500
Transport via pipeline-- --------------------------------
50.200
Sea and coastal freight water transport-------- ------------------
50.400
Inland freight water transport------------ -------------------
52.100
Warehousing and storage- --------------------------------
52.210
Service activities incidental to land transportation-- -------------------
52.220
Service activities incidental to water transportation-- ------------------
52.230
Service activities incidental to air transportation--- -------------------
52.240
Cargo handling------ --------------------------------
52.250
Logistics service activities--------------------------------
52.260
Other support activities for transportation------ -------------------
52.310
Intermediation service activities in freight transport-- ------------------
52.320
Intermediation service activities for passenger transport------------------
53.100
Postal activities under universal service obligation-- -------------------
53.200
Other postal and courier activities---------- -------------------
53.300
Intermediation service activities for postal and courier activities--------- -----
55.100
Hotels and similar accommodation--------- -------------------
55.201
Holiday and other short-stay accommodation---- -------------------
55.202
Tourist farmhouses with lodging---------- -------------------
55.203
Letting of private tourist rooms----------- -------------------
55.204
Mountain refuges and youth hostels----------------------------
55.209
Other short-stay accommodation----------- ------------------
55.300
Camping grounds---- --------------------------------
55.400
Intermediation service activities for accommodation- -------------------
55.900
Other accommodation-- --------------------------------
56.111
Restaurants and inns--- --------------------------------
56.112
Snack bars and similar----------------------------------
56.113
Sweetshops and coffee-houses------------ ------------------
56.114
Tourist farmhouses without lodging--------- -------------------
56.120
Mobile food service activities-------------------------------
56.210
Event catering activities- --------------------------------
56.220
Contract catering service activities and other food service activities------- -----
56.300
Beverage serving activities--------------------------------
56.400
Intermediation service activities for food and beverage service activities----- -----
58.110
Publishing of books-----------------------------------
58.120
Publishing of newspapers- --------------------------------
58.130
Publishing of journals and periodicals-------- -------------------
58.190
Other publishing activities, except software publishing------------------
58.210
Publishing of video games--------------------------------
58.290
Other software publishing--------------------------------
59.110
Motion picture, video and television programme production activities------ -----
59.120
Motion picture, video and television programme post-production activities--- ------
59.130
Motion picture and video distribution activities---- ------------------
59.140
Motion picture projection activities--------- -------------------
59.200
Sound recording and music publishing activities--- -------------------
60.100
Radio broadcasting and audio distribution activities-- ------------------
60.200
Television programming, broadcasting and video distribution activities----- -----
60.390
Other content distribution activities--------- -------------------
61.100
Wired, wireless and satellite telecommunication activities------------ -----
61.200
Telecommunication reselling activities and intermediation service activities for
telecommunication---- --------------------------------
61.900
Other telecommunication activities--------- -------------------
62.100
Computer programming activities---------- -------------------
62.200
Computer consultancy and computer facilities management activities------ -----
62.900
Other information technology and computer service activities---------- -----
63.100
Computer infrastructure, data processing, hosting and related activities------ -----
63.910
Web search portal activities--------------------------------
63.920
Other information service activities--------- -------------------
64.190
Other monetary intermediation------------ ------------------
64.210
Activities of holding companies------------------------------
64.220
Activities of financing conduits----------- -------------------
64.310
Activities of money market and non-money market investment funds------ -----
64.320
Activities of trust, estate and agency accounts---- -------------------
64.910
Financial leasing----- --------------------------------
64.920
Other credit granting--- --------------------------------
64.990
Other financial service activities, except insurance and pension funding n.e.c. - -----
65.110
Life insurance------ --------------------------------
65.120
Non-life insurance---- --------------------------------
65.200
Reinsurance------- --------------------------------
65.300
Pension funding-------------------------------------
66.110
Administration of financial markets--------- -------------------
66.120
Security and commodity contracts brokerage----- ------------------
66.190
Other activities auxiliary to financial services, except insurance and pension funding----
66.210
Risk and damage evaluation-------------------------------
66.220
Activities of insurance agents and brokers------ -------------------
66.290
Activities auxiliary to insurance and pension funding n.e.c. ---------- -----
66.300
Fund management activities-------------------------------
68.110
Buying and selling of own real estate-------- -------------------
68.120
Organisation of residential building projects----- -------------------
68.200
Rental and operating of own or leased residential real estate---------- ------
68.310
Intermediation service activities for real estate activities------------------
68.320
Other real estate activities on a fee or contract basis-- ------------------
69.103
Activities of bailiffs, arbitrators and court experts--- ------------------
69.200
Accounting, bookkeeping and auditing activities; tax consultancy-------- -----
70.100
Activities of head offices- --------------------------------
70.200
Business and other management consultancy activities-------------------
71.111
Architectural planning-- --------------------------------
71.112
Landscape architecture, urban and other planning--- ------------------
71.129
Other engineering activities and related technical consultancy---------- -----
71.200
Technical testing and analysis------------ ------------------
72.100
Research and experimental development on natural sciences and engineering-- ------
72.200
Research and experimental development on social sciences and humanities--- ------
73.110
Activities of advertising agencies---------- -------------------
73.120
Media representation--- --------------------------------
73.200
Market research and public opinion polling------ ------------------
73.300
Public relations activities- --------------------------------
74.110
Industrial product and fashion design activities---- ------------------
74.120
Graphic designing and visual communication activities------------------
74.130
Internal design activities- --------------------------------
74.140
Other specialised design activities---------- -------------------
74.200
Photographic activities-- --------------------------------
74.300
Translation and interpretation activities------- -------------------
74.910
Patent brokering and marketing service activities--- ------------------
74.990
All other professional, scientific and technical activities n.e.c. --------- -----
77.110
Rental and leasing of cars and light motor vehicles-- ------------------
77.120
Rental and leasing of trucks--------------------------------
77.210
Rental and leasing of recreational and sports goods-- ------------------
77.220
Rental and leasing of other personal and household goods-----------------
77.310
Rental and leasing of agricultural machinery and equipment---------- ------
77.320
Rental and leasing of construction and civil engineering machinery and equipment-----
77.330
Rental and leasing of office machinery, equipment and computers-------- -----
77.340
Rental and leasing of water transport equipment--- -------------------
77.350
Rental and leasing of air transport equipment----- ------------------
77.390
Rental and leasing of other machinery, equipment and tangible goods n.e.c. -- -----
77.400
Leasing of intellectual property and similar products, except copyrighted works- -----
77.510
Intermediation service activities for rental and leasing of cars, motorhomes and trailers---
77.520
Intermediation service activities for rental and leasing of other tangible goods and non-
financial intangible assets- --------------------------------
78.100
Activities of employment placement agencies---- -------------------
78.200
Temporary employment agency activities and other human resources provisions- -----
79.110
Travel agency activities- ---------------------------------
79.120
Tour operator activities-- --------------------------------
79.900
Other reservation service and related activities---- ------------------
80.011
Detective activities------------------------------------
80.012
Private security activities- --------------------------------
80.019
Other investigation activities-------------------------------
80.090
Security activities n.e.c. --------------------------------
81.100
Combined facilities support activities-------- -------------------
81.210
General cleaning of buildings-------------------------------
81.220
Other building and industrial cleaning activities--- -------------------
81.290
Other cleaning activities- --------------------------------
82.100
Office administrative and support activities----- -------------------
82.200
Activities of call centres- --------------------------------
82.300
Organisation of conventions and trade shows---- -------------------
82.400
Intermediation service activities for business support service activities n.e.c. -- -----
82.910
Activities of collection agencies and credit bureaus- -------------------
82.920
Packaging activities--- --------------------------------
82.990
Other business support service activities n.e.c. --- -------------------
84.250
Fire service activities--- --------------------------------
85.510
Sports and recreation education----------- -------------------
85.520
Cultural education---- --------------------------------
85.590
Other education n.e.c. - --------------------------------
85.610
Intermediation service activities for courses and tutors-------------------
85.690
Educational support activities n.e.c. -------- -------------------
86.970
Intermediation service activities for medical, dental and other human health services----
87.300
Residential care activities for older persons or persons with disabilities----- ------
87.910
Intermediation service activities for residential care activities---------- -----
88.109
Other social work activities without accommodation for older persons or persons with
disabilities-------- --------------------------------
88.910
Child day-care activities- --------------------------------
88.991
Activity of humanitarian and charity organisations-- -------------------
88.999
Other social work activities without accommodation n.e.c. ---------- ------
90.111
Literary creation activities--------------------------------
90.112
Musical composition activities----------- -------------------
90.120
Visual arts creation activities-------------------------------
90.130
Other arts creation activities-------------------------------
90.200
Activities of performing arts-------------------------------
90.310
Operation of arts facilities and sites--------- -------------------
90.390
Other support activities to arts and performing arts-- ------------------
91.110
Library activities----- --------------------------------
91.120
Archive activities---- ---------------------------------
91.210
Museum and collection activities---------- -------------------
91.300
Conservation, restoration and other support activities for cultural heritage---- -----
92.001
Activities of casinos--- --------------------------------
92.002
Other gambling and betting activities-------- -------------------
93.110
Operation of sports facilities-------------------------------
93.120
Activities of sport clubs- --------------------------------
93.130
Activities of fitness centres--------------------------------
93.190
Other sports activities n.e.c. -------------------------------
93.210
Activities of amusement parks and theme parks--- -------------------
93.291
Operation of marinas--- --------------------------------
93.299
Other amusement and recreation activities n.e.c. -- -------------------
95.100
Repair and maintenance of computers and communication equipment------ -----
95.210
Repair and maintenance of consumer electronics--- ------------------
95.220
Repair and maintenance of household appliances and home and garden equipment-----
95.230
Repair and maintenance of footwear and leather goods------------------
95.250
Repair and maintenance of watches, clocks and jewellery-----------------
95.290
Repair and maintenance of other consumer goods n.e.c. -----------------
95.310
Repair and maintenance of motor vehicles------ -------------------
95.320
Repair and maintenance of motorcycles------- -------------------
95.400
Intermediation service activities for repair and maintenance of computers, consumer goods,
motor vehicles, and motorcycles-----------------------------
96.100
Washing and (dry-) cleaning-------------------------------
96.210
Hairdressing and barber activities---------- -------------------
96.220
Cosmetic and pedicure activities---------- -------------------
96.230
Day spa, saunas and steam bath activities------ -------------------
96.400
Intermediation service activities for personal services- ------------------
96.910
Provision of domestic personal service activities--- ------------------
96.991 Tattooing and piercing-- --------------------------------
96.999 Other personal service activities n.e.c.-------- ---------------- ---
--------------------------------------------------
In addition to the activities specified under paragraph 03.01., the Company may also engage in other activities necessary for its existence and the performance of its principal activities.-
--------------------------------------------- --
In the event of its failure to fulfil the conditions for the performance of all its registered activities, the Company shall engage solely in those activities for which it fulfils the required conditions, and shall begin to perform the remaining activities after it has fulfilled the conditions for the performance thereof.------- -------------------
--------------------------------------------------
-
ESTABLISHMENT AND LEGAL STATUS ------------- ---------
-
SHARE CAPITAL AND SHARES --- -----------------------
--------------------------------------------------
-
SHARE CAPITAL, NUMBER AND TYPES OF SHARES -------- ------
--------------------------------------------------
The Company's share capital amounts to EUR 52,240,977.04 (fifty-two million, two hundred and forty thousand, nine hundred and seventy-seven euros and four cents) and is divided into 41,726,020 (forty-one million, seven hundred and twenty-six thousand and twenty) ordinary registered no-par value shares. --- - -----------------
--------------------------------------------------
Ordinary shares are shares which entitle their holders to:-------- -------- -
--------------------------------------------------
participate in the management of the Company,----------------------
a share in the profit (dividend),------ --------------------- ---
a proportional share of the assets remaining after the Company's liquidation or bankruptcy.---- --- -------------------------------------
--------------------------------------------------
All the shares form a single share class within the meaning of Article 177 of the Companies Act (ZGD-1) and are issued in dematerialised form. - -------------------
--------------------------------------------------
All the shares have been paid up in full.------- -------------------
--------------------------------------------------
In relation to the Company, a shareholder is a person registered as a shareholder in the central register of book-entry securities kept by the clearing and depository house.-----
--------------------------------------------------
-
TRANSFER OF SHARES--------------------------------
--------------------------------------------------
The shares are transferred by transfer between the holders' accounts in the central register of book-entry securities kept by the clearing and depository house.-------- - -----
--------------------------------------------------
Shares shall be freely transferable unless otherwise provided by law or these Articles of
Association.-- ----- --------------------------------
--------------------------------------------------
Any acquisition of the Company's registered shares by means of which an individual shareholder would attain or exceed, directly or jointly with controlled (affiliated) companies, together with the shares held by the same shareholder prior to the acquisition, a 25% (twenty-five percent) holding in the Company's share capital (controlling stake) shall be subject to the prior approval of the Government of the Republic of Slovenia in accordance with the provisions of the Energy Act. ------- -------------------
------------------------------------- ------- -
The provision of the previous paragraph of these Articles of Association shall apply for as long as the Company is engaged as a commercial public service in power supply activities
according to the provisions of the Energy Act. ----------------------
--------------------------------- ----------- -
-
ACQUISITION OF OWN SHARES--------------- -----------
----------------------------------------------- - --
The Company may acquire its own shares provided that: (a) the full issue amount has been paid for these shares and (b) that reserves are formed for the purpose of acquiring own shares without reducing the share capital or legal or statutory reserves, in accordance with the law.
--------------------------------------------------
The Company may acquire its own shares only for the purposes set out in the provision of Article 247 of the Companies Act (ZGD-1) and for remuneration of the Management Board and the Supervisory Board.------------------------ ------- -
--------------------------------------------------
-
SHARE CAPITAL, NUMBER AND TYPES OF SHARES -------- ------
-
INCREASE AND DECREASE IN SHARE CAPITAL------- ------ ----
--------------------------------------------------
-
INCREASE IN SHARE CAPITAL----------------------- ----
--------------------------------------------------
Any increase in the share capital by means of a new issue of shares, and the types and classes of shares, shall be decided by the General Meeting with a 3/4 (three-quarters) majority vote of share capital represented in the voting. The existing shareholders shall have the preemptive right of subscription to new shares in proportion to their holdings in the share capital of the Company. The pre-emptive right may be excluded only on the basis of a decision of the General Meeting adopted with a 3/4 (three-quarters) majority vote of the share capital represented in the voting.- --------------------------------
--------------------------------------------------
Unless otherwise provided by law, within the time limit specified in the relevant decision on the increase of share capital adopted by the General Meeting, the Management Board of the Company shall announce the issue of new shares in a daily newspaper and invite the existing shareholders to subscribe and pay for the new shares in proportion to their existing shareholdings. The existing shareholders must subscribe the newly issued shares not later than 30 (thirty) days after the announcement of share issue in a daily newspaper, unless otherwise provided in the relevant decision on the issue of shares or by law.--- -----
--------------------------------------------------
Shareholders shall exercise their pre-emptive right by sending a written statement to that effect to the Management Board of the Company within the time limit specified in the decision on share issue. If the existing shareholders do not exercise their pre-emptive rights within the specified time limit and do not subscribe the issued shares, the Management Board shall be free to call on third parties to subscribe and pay for the shares.-- -----
--------------------------------------------------
The share issue procedure and the conditions for share subscription and payment are laid down by law or a relevant decision on the issue of new shares adopted by the General Meeting.------------------------- ----------------
--------------------------------------------------
The increase in share capital shall take effect on the date of its entry in the court register.--
--------------------------------------------------
The General Meeting may decide with an ordinary majority that the share capital of the Company shall be increased by reassigning other capital items of the Company to the share capital in accordance with the law. - -------- -------------------
--------------------------------------------------
The decision on the increase in share capital referred to in the previous paragraph shall be based on the audited last annual balance sheet.---- ------------------
--------------------------------------------------
In the above-mentioned case the existing shareholders shall be entitled to new shares in proportion to their holdings in the Company's share capital.----------- -----
--------------------------------------------------
In the case of the increase in share capital from the Company's reserves, the value of the reserves must not fall below the legally determined minimum level.------ ------
--------------------------------------------------
-
DECREASE IN SHARE CAPITAL--------------------- ----- -
--------------------------------------------------
The Company may decrease its share capital if so required by law or by decision of the General Meeting adopted with a 3/4 (three-quarters) majority of share capital represented in the voting. The decision shall state the reasons for and the purpose of the decrease, as well as the manner in which the share capital is to be decreased.----- ------------ -
--------------------------------------------------
-
INCREASE IN SHARE CAPITAL----------------------- ----
-
COMPANY BODIES----------------------------------
--------------------------------------------------
-
MANAGEMENT BOARD-------------------------------
--------------------------------------------------
The Company is managed and represented by the Management Board, which has a minimum of three and a maximum of six members, one of whom is always the Worker Director. One member of the Management Board is the President of the Management Board and the rest are members of the Management Board, whereby the Worker Director cannot be the President of the Management Board. The exact number of members of the Management Board, their scope of work and responsibilities, shall be determined by a decision of the Company's Supervisory Board upon the proposal of the President of the Management Board.---------- --------------------------------
--------------------------------------------------
The Management Board may validly decide if a majority of its members are present at the meeting. The Management Board shall take a decision on an individual issue by a majority of the votes cast by members. Each member of the Management Board shall have one vote. In the event of a tied vote, the President of the Management Board shall have the casting vote.-------- --- -------------------------------
--------------------------------------------------
As a member of the Management Board, the Worker Director shall participate in decision-making only in connection with issues relating to the formulation of personnel and social policy.---------- -------------------- -----------
--------------------------------------------------
The Supervisory Board shall appoint and recall the President of the Management Board and other members of the Management Board. The Supervisory Board shall appoint other members of the Management Board, with the exception of the Worker Director, on a proposal from the President of the Management Board. A member of the Management Board shall hold at least a bachelor's or master's degree from a relevant university (Bologna 2ndCycle Degree), and shall have five years of appropriate work experience in managerial positions and suitable knowledge and organisational skills to manage the company. Further, the member shall demonstrate professional and personal integrity.-------- -----
--------------------------------------------------
The members of the Management Board shall be elected for a term of office of 5 (five) years and may be re-elected.-- ----- -------------------------- -
--------------------------------------------------
The Management Board may grant power of procuration.-----------------
--------------------------------------------------
The Supervisory Board may recall the members of the Management Board prior to the expiration of their term for the reasons set out in the provision of the 2ndparagraph of Article 268 of the Companies Act (ZGD-1).---------------------------
--------------------------------------------------
In the event of early termination of the contract of employment, a member of the Management Board is entitled to receive severance pay in accordance with the law and/or general meeting resolution, the amount of which is defined in the relevant contract. A member of the Management Board is not entitled to severance pay if the contract has been prematurely terminated by reasons of the member's serious breach of obligations or his incapability of business conduct, or if the General Meeting passes a vote of no-confidence (except where the vote of no-confidence has been passed for clearly unsubstantial reasons), or if the member has terminated the contract himself.- ------------------
--------------------------------------------------
The Management Board shall adopt rules of procedure to regulate its work.--- -----
--------------------------------------------------
The Company is jointly represented by the President of the Management Board and a member of the Management Board (i.e. four eyes principle). In the event that the Management Board grants a power of procuration in accordance with the provision of Item 09.06, the holder of procuration may represent the Company only together with the President of the Management Board.------------------------- -------
--------------------------------------------------
Notwithstanding the provision of Item 09.10, the Management Board of the Company requires the consent of the Supervisory Board for the conclusion of the following transactions:------- ------------------------- -------
transactions on the basis of which the Company acquires or disposes of its own
shares;--------- - ----------------------------
transactions in the amount of over EUR 1,000,000.00 (one million 00/100), on the basis of which the Company acquires or disposes of shareholdings or shares of companies, whereby, in order to avoid doubt, transactions related to the acquisition of shareholdings or shares also include transactions related to the Company's participation in the recapitalisation process of another company;------- - ---
transactions on the basis of which the Company establishes or terminates (i.e. liquidates) any company and/or business unit;---- ----------------
transactions on the basis of which the Company borrows or approves a loan over EUR 2,000,000.00 (two million 00/100), except for such transactions concluded between the Company and its subsidiaries and borrowing operations of the Company in amounts as included in the Company's borrowing plan, which is approved by the Supervisory Board of the Company. For the avoidance of doubt, a series of several consecutive loans taken out by the Company from the same lender or granted by the Company to the same borrower shall be considered as a single loan, whereby affiliated companies in the sense of the provision of Article 527 of ZGD-1 shall also be considered the same lender;---------------- ------------
individual transactions of purchases or sales of long-term intangible, tangible fixed assets and investment property of the Company, for the amount exceeding EUR 5,000,000.00 (five million 00/100). For the avoidance of doubt, a set of several interconnected transactions shall also be considered as a single transaction, in particular insofar as they represent a single investment or are part of a single investment programme;-- --------- -------------------
transactions on the basis of which the Company (a) establishes a mortgage, building right or any other encumbrance on immovable property owned by the Company, with the exception of transactions establishing (quasi or true) real easements (i) to the benefit of public and private operators for the purpose of servicing the Company's immovable property or (ii) to the benefit of the state or a municipality or of a public service operator; or (b) establishes a lien or otherwise encumbers other fixed assets or intangible assets of the Company;--------- ---- ------------
granting a power of procuration;----------- ---------------
other transactions, if so decided by the Supervisory Board of the Company by
decision.------------ --------------------------
--------------------------------------------------
09.12 The provision of Item 9.11 applies mutatis mutandis to transactions entered into by subsidiaries in the course of their operations and in respect of which the consent of the Company's Management Board must be obtained prior to the conclusion. If the Management Board of the Company is requested by the management of any subsidiary to give its consent to the conclusion of the transaction referred to in Items 9.11.01 to 9.11.07 (where the term Company is replaced mutatis mutandis by the term subsidiary), the Management Board must obtain the prior consent of the Company's Supervisory Board before granting such consent.-
--------------------------------------------------
The mutual rights, obligations and responsibilities between the members of the Management Board and the Company shall be set out in detail in an agreement concluded on behalf of the Company by the President of the Supervisory Board.- ---- --------------
--------------------------------------------------
As remuneration for their work, the members of the Management Board may be entitled to participate in the Company's profit for appropriation, which may be paid out in the form of shares, in accordance with a proposal of the Supervisory Board and a relevant decision adopted by the General Meeting.---------- -------------------
--------------------------------------------------
Besides reporting on the Company's transactions, for which the Management Board requires the consent of the Supervisory Board, the Management Board shall regularly, timely and comprehensively inform the Supervisory Board on all other important matters relating to the Company's operations, compliance with its strategies and risk management and on all measures taken in this regard. When submitting data to the Supervisory Board, the Management Board shall observe high standards of confidentiality and information security.--------- ------------------------- -------
--------------------------------------------------
-
SUPERVISORY BOARD--------------------------------
--------------------------------------------------
The Supervisory Board shall comprise 9 (nine) members. All members of the Supervisory Board of the Company shall have the same rights and obligations unless otherwise provided in these Articles of Association.----------- ----- --------------
--------------------------------------------------
Three members of the Supervisory Board under the previous paragraph of these Articles of Association shall be representatives of the employees of the Company elected by the Workers' Council. Other members of the Supervisory Board (6) shall be appointed by the General Meeting of Shareholders by a simple majority of votes of the shareholders present.-
--------------------------------------------------
The members of the Supervisory Board shall be elected for a term of 4 (four) years and may be re-elected.------- ----------------------------- ---
--------------------------------------------------
The Supervisory Board shall elect from among its members a President and a Deputy President. The President is always a representative of the shareholders.----- ------
--------------------------------------------------
The President convenes and chairs the meetings of the Supervisory Board and is authorised to declare the will of the Supervisory Board and to publish its decisions.----- -----
--------------------------------------------------
The President of the Supervisory Board represents (a) the Company in relation to the Management Board; and (b) the Supervisory Board vis-à-vis the Company's Management Board and third parties, unless otherwise specified in each specific case.----- -----
--------------------------------------------------
Meetings of the Supervisory Board shall be convened by the President at his/her discretion, or on the initiative of any member of the Supervisory Board or on the initiative of the Management Board.--- ----------------------- ---------
--------------------------------------------------
The Supervisory Board shall adopt decisions at its meetings. The Supervisory Board may adopt decisions in writing, by telephone, telegraph or similar technical equipment, provided none of its members oppose such manner of decision-making.--------- ------
--------------------------------------------------
The Supervisory Board has a quorum if at least 2/3 (two-thirds) of the members of the Supervisory Board are present at the meeting.---- -------------------
--------------------------------------------------
The Supervisory Board shall adopt decisions with a majority of votes cast by the members present at a meeting. In the event of a tied vote, the President of the Supervisory Board shall have the casting vote.--- -- ----------------------------- -
--------------------------------------------------
A decision on the early recall of members of the Supervisory Board representing shareholders shall be adopted with a 3/4 (three-quarters) majority of votes present at a General Meeting, while the conditions for the recall of members of the Supervisory Board representing the employees shall be determined by the Workers' Council in a general act. If the term of a member of the Supervisory Board is terminated for any reason whatsoever, elections for his/her replacement shall be held at the next General Meeting, and the term of the newly elected member of the Supervisory Board shall end on the date when the term of the member being replaced would have ended.---- ------------------
--------------------------------------------------
A member of the Supervisory Board may resign from the position as a member of the Supervisory Board with a notice period starting from the day the Company's Management Board receives their written resignation and lasting until the appointment of a new (alternate) Supervisory Board member. Exceptionally, a member of the Supervisory Board may resign without notice, in the case of objectively justified reasons (e.g. prolonged illness or absence, potential conflict of interest) specified in the resignation. --------- --------
----------------------------------------------
In return for their work, the members of the Supervisory Board shall be entitled to receive remuneration for duties performed, attendance fees and reimbursement of costs in connection with their work for the Supervisory Board. The exact amounts of payments shall be determined in a resolution adopted by the General Meeting.---------------
--------------------------------------------------
The Supervisory Board shall regulate in detail the manner and conditions of its work in its rules of procedure.---- --- -----------------------------
--------------------------------------------------
-
GENERAL MEETING- --------------------------------
--------------------------------------------------
Shareholders shall exercise their rights relating to the Company at General Meetings.----
--------------------------------------------------
During voting at General Meetings each share shall confer an entitlement to one vote.---
--------------------------------------------------
General Meetings shall be convened when this is in the interest of the Company or when so required by law or these Articles of Association.--- ------------------
--------------------------------------------------
A General Meeting shall be convened by the Management Board of the Company on its own initiative, at the request of the Supervisory Board, or at the written request of the company's shareholders whose total interest accounts for one-twentieth of the company's share capital. The request of a shareholder demanding the convening of the General Meeting shall be accompanied by a written proposal of the agenda, a resolution proposal regarding each item
on the agenda on which the General Meeting is to decide, or, if for a particular item on the agenda the General Meeting does not adopt a resolution, an explanation regarding this item.----------- ------------------------
--------------------------------------------------
The notice convening the General Meeting with the content required by the regulations shall be published at least 30 days before the day of the General Meeting on: (a) the AJPES website or a journal published in the entire territory of the Republic of Slovenia; (b) the Company's website; and (c) in the manner required by any legislation for companies such as the Company, taking into account the possibility of rapid access to this information on a non-discriminatory basis. --- ---------------------------
--------------------------------------------------
11.06 Notwithstanding the provision of Clause 11.04 of these Articles of Association, a General Meeting with contents as required by law may also be convened by means of registered mail sent to all shareholders whose names and addresses are found in the valid Register of Shareholders. In such a case, the day of sending the mail shall be deemed to be the day of the announcement of the General Meeting.-------- ---------------- - -
--------------------------------------------------
Only those shareholders who have registered for participation in the General Meeting not later than at the end of the fourth day prior to the General Meeting, and who have been registered in the Central Book-Entry Securities Register as of the end of the seventh day prior to the General Meeting, shall be entitled to participate in the General Meeting and exercise their voting rights. -------------------------------
--------------------------------------------------
The Management Board shall, not later than on the 14th day prior to the General Meeting, notify in writing (by registered mail with acknowledgement of receipt) financial organisations, associations of shareholders, other persons specified by law and those shareholders whose interest in the total share capital of the Company accounts for at least a 5% (five percent), of the convening of a General Meeting, amendments to the agenda, shareholders' proposals or electoral proposals, together with explanations and other relevant information. If the Company has published the above-mentioned information on its website, it is sufficient to state in its written notification the website address on which this information is accessible. --------------------------------
--------------------------------------------------
As a rule, General Meetings shall be held in the place where the Company's registered office is located. The Management Board may, with the consent of the Supervisory Board, determine in the notice convening the General Meeting that shareholders may attend the General Meeting and vote at the General Meeting by electronic means without physical presence (electronic General Meeting). Members of management or supervisory bodies may participate in the General Meeting by transmitting an image and tone in an electronic General Meeting in accordance with the fourth paragraph of Article 297 of ZGD-1 and in other cases determined by the General Meeting Rules of Procedure.------- -----
--------------------------------------------------
The following rules must be observed when conducting an electronic General Meeting:---
the technical solution must ensure the transmission of the image and tone of the entire General Meeting in real time,
the Company must provide the conditions and method for establishing the identity of shareholders or their proxies in a manner proportionate to the objective of the electronic General Meeting, which is to facilitate the exercise of shareholders' voting rights in a secure manner,------ ------------------------------
the technical solution must be such as to enable shareholders to vote on General Meeting proposals, to submit counter-proposals (including procedural ones) and to make a statement announcing the challenge of decisions in real time,---------- ---
the technical solution must enable shareholders to ask questions and participate in the discussion in real time. The Company's Management Board may, in the rules of procedure referred to in the third paragraph of this Article, make the exercise of the rights referred to in this indent conditional on the shareholder announcing the exercise of these rights to the Company at least 1 day before the General Meeting,---------
the technical solution must ensure secure electronic communication. ------ ---
--------------------------------------------------
The Management Board of the Company is authorised to determine more detailed rules of procedure for participation and voting at the electronic General Meeting and other aspects of conducting the electronic General Meeting and to publish them on the Company's website and/or in the notice convening the General Meeting of shareholders.------- -----
--------------------------------------------------
A General Meeting shall adopt valid decisions if more than 15% (fifteen percent) of the votes are present at the meeting (first convening).----- -------------------
--------------------------------------------------
If a quorum is not achieved upon the first convening of the General Meeting, a new meeting shall be convened, as a rule on the same day, two hours later and with the same agenda. Decisions adopted at the newly convened meeting shall be valid irrespective of the amount of share capital represented, which is to be explicitly stated in the notice (second convening).
--------------------------------------------------
The General Meeting shall adopt decisions with a majority of votes cast, unless otherwise provided by law or these Articles of Association.-- -- -----------------
--------------------------------------------------
The General Meeting shall adopt decisions with a 3/4 (three-quarters) majority of share capital represented, primarily on the following matters: -----------------
--------------------------------------------------
amendments to the Articles of Association, ------------------------
decrease in share capital (including conditional increase),------- ------- ---
approved increase in share capital, ---- ------------------- ----
changes in status and the dissolution of the Company, --------- ---------
the exclusion of pre-emptive rights of shareholders in a new share issue,----------
the recall of members of the Supervisory Board prior to the expiry of their term, ------
other cases determined by law or these Articles of Association.---- ----------
--------------------------------------------------
At the General Meeting, shareholders may also exercise their rights deriving from shares by a proxy. The authorisation shall be submitted in writing to the company and shall be stored by it.---------------------------------- ---------
--------------------------------------------------
Notwithstanding the provision of Clause 11.14., shareholders may also authorise a proxy to represent them at the General Meeting by means of electronic media. The authorisation form is available on the company's website. It may be sent by electronic mail to the address defined in each notice to convene a General Meeting, in a scanned form as attachment, and shall contain a personal signature of a natural person, or, in the case of a legal entity, a personal signature of a representative and a stamp/seal if used by such a legal entity. The company is entitled to verify the identity of a shareholder or a person who submits the authorisation by e-mail, as well as the authenticity of their signatures.------ -----
--------------------------------------------------
In the same manner and form as defined in Clause 11.15. herein, shareholders may submit to the company a request for an additional item on the agenda and resolution proposals to particular items on the agenda, including electoral proposals. The company is entitled to verify the identity of a shareholder or a person who submits a request or proposal by e-mail, as well as the authenticity of their signatures.----- ------------------
--------------------------------------------------
The General Meeting shall regulate its work in more detail in its rules of procedure.----
--------------------------------------------------
-
WORKERS' COUNCIL--------- ------------------------
--------------------------------------------------
The Company shall have a Workers' Council through which the Company's employees participate in the management of the Company in accordance with the law. The form of participation in the management of the Company shall be regulated in detail in an agreement adopted by the Management Board of the Company and the Workers' Council.- ------
--------------------------------------------------
-
BAN ON COMPETITION------- --------------------- ---
--------------------------------------------------
The members of the Management Board, members of the Supervisory Board and holders of procuration of the Company may not participate as partners, managers, members of the management or supervisory boards or holders of procuration in corporations or partnerships which are:-------- -------------------------- ------
--------------------------------------------------
13.01.01 high volume customers of the Company; or ----- ---------------
high volume suppliers of the Company; or ----- ---------------
strategic business partners of the Company; or --- ---------------
the activity of which is in competition with that of the Company.----------
--------------------------------------------------
The Company's Supervisory Board may determine more detailed conditions under which these persons are allowed to participate in a competing company.-------- -----
--------------------------------------------------
Companies belonging to the Petrol Group shall not be deemed competing companies within
the meaning of the previous paragraph.-------- ------------------
--------------------------------------------------
-
MANAGEMENT BOARD-------------------------------
-
ANNUAL REPORT AND DISTRIBUTION OF PROFIT----- -----------
--------------------------------------------------
-
ANNUAL REPORT, PROFIT AND DIVIDENDS-------------------
--------------------------------------------------
The financial year shall be the calendar year.---- -------------------
--------------------------------------------------
Within the prescribed deadline, the Management Board shall prepare and present to the Supervisory Board the annual report together with the auditor's report for the previous year.
--------------------------------------------------
The Management Board shall submit to the Supervisory Board, together with the annual report, a proposal for the use of profit for appropriation.------------------
--------------------------------------------------
The Management Board is also authorised to pay out dividends during the year (interim dividends) on the basis of the anticipated profit for the current year. The payment of interim dividends shall be subject to the prior approval of the Supervisory Board. Interim dividends may not exceed half the value of the anticipated profit after the creation of reserves, nor half the profit earned in the previous year.---------------------------
--------------------------------------------------
-
INFORMING SHAREHOLDERS ---------------------------
--------------------------------------------------
The Company shall publish information or notices intended for the Company or its shareholders on the Ljubljana Stock Exchange information system "SEOnet". -- -----
--------------------------------------------------
The Company shall send notices in writing (by registered post with a receipt confirmation slip) to those shareholders with at least a 5% stake in the total share capital of the Company).
--------------------------------------------------
-
ANNUAL REPORT, PROFIT AND DIVIDENDS-------------------
-
CONFIDENTIAL INFORMATION --------------------------
--------------------------------------------------
16.01. The Management Board of the Company shall specify in a general act the information deemed to represent confidential information, the persons obliged to protect confidential information, the manner of storing confidential information, and the persons authorised to disclose confidential information to third parties. - ----------------- --
--------------------------------------------------
-
DURATION AND TERMINATION OF THE COMPANY---------------
--------------------------------------------------
-
COMPANY DURATION AND TERMINATION METHOD--- -----------
--------------------------------------------------
The Company is established for an indefinite period.- ------------------
--------------------------------------------------
The Company shall be terminated for reasons and according to the procedure specified by law.----------- --------------------------------
--------------------------------------------------
-
COMPANY DURATION AND TERMINATION METHOD--- -----------
- ARTICLES OF ASSOCIATION AND GENERAL ACTS----- ----------
--------------------------------------------------
-
ARTICLES OF ASSOCIATION AND GENERAL ACTS----- ----------
--------------------------------------------------
The general acts regulating the rights, obligations and responsibilities of employees, as well as individual areas of activity, operation and performance of the Company's business functions shall be adopted by the Management Board of the Company.----- ------
--------------------------------------------------
The Supervisory Board of the Company shall be authorised to adopt the amendments to the Articles of Association relating merely to the alignment of the text of the Articles of Association with the decisions adopted by the General Meeting.-------- --- ---