Convening of the ordinary general meeting shall not be valid unless it is attended in person or by proxy, representatives of at least half of the shares of the share capital. The proxy must be in writing, otherwise it will not be valid. If such quorum is not met, the general meeting must be convened within seven (7) days at most of the date set for the first meeting. The second meeting shall be valid whatever the number of the shares may be, and the date of the second meeting shall be specified in the invitation sent for the first meeting. In all circumstances, the resolutions of the ordinary general meeting shall be adopted by simple majority of the shares represented in the meeting.
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