Unless the AOA states a higher percentage, the quorum for meetings of the General Assembly shall be fulfilled if the shareholders holding or representing by proxy at least 50% of the share capital of the Company are present at the meeting. If a quorum is not present at the first meeting, the General Assembly shall be postponed to another future date at least five [5] days, but not more than fifteen [15] days after the date of the first meeting. The quorum for the postponed meeting shall be fulfilled irrespective of the number of shareholders present.
Interpretation and application must be checked against the official text and current version.