1. New shares shall be distributed to the shareholders applying for subscription in proportion to the shares held by them, provided that this proportion shall not exceed the new shares they have applied for. 2. Subject to Article [199.2] hereof, the remaining shares shall be distributed to the shareholders who have applied for shares more than the number of shares held by them. Any remaining shares shall be offered for public subscription if so included in the capital increase resolution, subject to the requirements of the SCA.
Interpretation and application must be checked against the official text and current version.