Fréttablaðið - 19.02.2020, Síða 31

of AXA World Funds, to be held before notary on 20 March 2020 at
49, Avenue J-F Kennedy, L-1855 Luxembourg, Grand-Duchy of Luxembourg
at 2.30 p.m. (Luxembourg time), to deliberate and vote on the amendments
of the articles of incorporation of the Company (the “Articles”) as described
in with the following agenda:
AGENDA
The amendments proposed by the board of directors of the Company
(the “Board”) to the Articles aim to align them with the current practice and
the most up to date legal and regulatory framework applicable in Luxembourg
and to harmonise their terminology and the definition to ensure consistency
with the prospectus of the Company (the “Prospectus”):
I. Update to the provisions available as a result of changes to Luxembourg Law
of 10 August 1915 on commercial companies.
1. Amend Article 10 to, inter alia, provide that the general meeting of
shareholders must be convened by the Board if requested in writing
by one or more shareholders representing at least ten percent (10%)
of the Company’s share capital, within one month from the receipt of
such request.
2. Amend Article 11 to, inter alia, provide that (i) the Board has the right
to suspend the voting rights on any meeting of shareholders of any
shareholder in breach of his or her obligations towards the Company
or other shareholders and (ii) any shareholder may individually
decide to waive all or part of his or her voting rights, on a permanent
or temporary basis.
3. Amend Article 13 to, inter alia, provide that the Board has the right
to adjourn a general meeting of shareholders for four (4) weeks and
that the Board shall do so if requested by one or more shareholders
representing at least ten percent (10%) of the Company’s share
capital.
4. Insert a new Article 14 to, inter alia, provide that the board of any
general meeting of shareholders of the Company will draw up
minutes of the meeting and that such minutes will be signed by the
members of the board of the meeting and any present shareholder
upon request.
5. Insert a new Article 15 to, inter alia, provide that one or more
shareholders representing at least ten percent (10%) of the share
capital may submit questions in writing to the Board relating to
transactions in relation with the management of the Company.
6. Amend Article 17 (formerly Article 14) to, inter alia, provide that the
Board may hold meetings by conference call or video conference or
by any other means of communication allowing all persons
participating at such meeting to hear one another on a continuous
basis and allowing an effective participation in the meeting.
7. Amend Article 20 (formerly Article 17) to, inter alia, provide that:
- Any director who has a conflict of interest in relation with a
transaction falling within the competence of the Board shall
disclose this conflict of interest to the Board and may not vote
on the relevant transaction;
- The rules on conflict of interest will not apply when the decision
relates to day-to-day transactions entered into under normal
conditions.
8. Amend Article 35 (formerly Article 30) to, inter alia, provide with
respect to the amendment of the Articles that the rules stated in the
seventh paragraph of Article 11 apply mutatis mutandis in case the
voting rights of one or several shareholders are suspended or the
exercise of the voting rights has been waived by one or several
shareholders.
II. Changes only for clarification purposes as described below:
1. Amend Article 1 to make reference to the applicable law so as to
read as follows:
“There exists among the appearing persons and all those who may
become holders of Shares, a company in the form of a limited liability
company (« société anonyme ») qualifying as a « société d’investissement
à capital variable » (« Sicav ») under the name of « AXA World Funds »,
in short « AXA WF » (the « Company ») which shall be governed by
Part I of the Luxembourg law of 17 December 2010 relating to
undertakings for collective investment, as amended from time to time
(the "2010 Law"), the law of 10 August 1915 concerning commercial
companies, as amended from time to time (the "1915 Law") to
which the 2010 Law refers, as well as by the present articles of
incorporation.”
2. Amend Article 2 to, inter alia, clarify the right of the general meeting
of shareholders to adopt a resolution in the manner required for an
amendment of the Articles in order to dissolve the Company.
3. Amend Article 5 to, inter alia, (i) clarify the right for the Board to
create within the Company segregated sub-funds corresponding to a
distinct part of the assets and liabilities of the Company within the
meaning of article 181 of the 2010 Law and the right to issue
different classes of shares with unlimited or limited duration by the
sub-funds and (ii) to update the paragraph related to the
reorganisation of share classes.
4. Amend Article 6 to, inter alia, (i) further clarify that the shares of the
Company are freely transferable, (ii) add that if the sum of the
fractional shares held by the same shareholder in the same class of
shares represents one or more entire share(s), such shareholder
benefits from the corresponding voting right(s) and (iii) remove the
sentence stating that in the event that a shareholder does not provide
an address, such shareholder address will be deemed to be at the
registered office of the Company.
5. Amend Article 10 to, inter alia, remove the possibility to hold the
annual general meeting of shareholders of the Company abroad.
6. Amend Article 12 to, inter alia, clarify that the convening notices to
the general meetings of shareholders will be sent by registered mail.
7. Amend Article 19 (formerly Article 16) to, inter alia, clarify that a
sub-fund of the Company may invest up to one hundred percent
(100%) of its net assets in transferable securities and money market
instruments issued or guaranteed by any non-EU Member State
recognised by the CSSF in that context and add to the list of assets in
which the Company may invest other assets to the extent permitted
by the Luxembourg law of 17 December 2010 on undertakings for
collective investment, as amended.
8. Amend Article 31 (formerly Article 28) to, inter alia, make reference
to the designated management company of the Company and clarify
that the investment manager is authorised to delegate part of or all of
its management investment duty with the agreement and under the
supervision of the management company.
9. Amendment of Article 33’s (formerly Article 29) fourth paragraph to
clarify that in case of liquidation, the proceeds not claimed within the
statutory period will be forfeited in accordance with law and regulations.
III. Changes for the suppression of the possibility for the Company to issue
bearer shares as described below:
1. Amend Article 6 to, inter alia, delete the reference to the possibility
for the Company to issue bearer shares and clarify that the Company
will issue shares in registered form only.
2. Amend Article 33 (formerly Article 29) to, inter alia, delete the
information rules applicable to the holders of bearer shares.
IV. Changes to the restrictions and prohibition on the ownership of the
shares of the Company rules as described below:
Amend Article 8 to, inter alia,
- clarify that the Company may restrict or prevent the legal and
beneficial ownership of shares issued by the sub-funds of the
Company; notably if a legal or natural person does not supply the
Company with information or declarations required by the Company
with respect to corruption, anti-money laundering and counter
terrorism financier matters;
- provide that the Company may prohibit certain practices such as late
trading or market timing;
- provide the definition of “Canadian Prohibited Investor”.
V. Changes in relation to the payment of redemption price in kind as
described below:
Amend Article 24 (formerly Article 21) to, inter alia, provide that the costs
of the payment of redemption price in kind shall be borne by the
shareholder who has made such request.
VI. Changes in relation to the suspension of the net asset value, of the issue,
redemption and conversion of shares.
Amend Article 25 (formerly Article 22) to, inter alia, add and clarify
circumstances where the Board is allowed to suspend the determination
of the net asset value of shares of a sub-fund and the issue, redemption
and conversion of shares.
VII. Changes in relation to the valuation of assets methodology as described
below:
Amend Article 26 (formerly Article 23) to, inter alia, (i) provide new
valuation method for money market instruments, as already mentioned in
the Prospectus, and (ii) define “Other State” as any state that is not a
member of the European Union, and any state of America, Africa, Asia
and Oceania.
VIII. Changes in relation to the depositary as described below:
Insert a new Article 32 to, inter alia, provide that the Company appoints
a depositary which (i) meets the requirements of the 2010 Law,
(ii) shall fulfil its duties and responsibilities as provided for by the 2010 Law
and (iii) acts solely in the interests of the investors.
IX. Changes in relation to the rules pertaining to the merger of the
Company or its sub-funds as described below:
Amend Article 33 (formerly Article 29) to simplify the wording of the
merger rules applicable to the Company as per the 2010 Law.
X. Minor amendments and formatting as described below:
Amendment to all references to:
a. “Law of 2010” as “2010 Law”; and
b. “accounting year” as “financial year”;
Suppression of all references to “cable, telegram, telex” and from time to
time replacement by “any other similar written means of communication”;
Minor changes due to formatting, clarification and consistency;
Renumbering and renaming of the articles of the Articles.
The draft revised Articles are available for inspection at the registered office of
the Company.
The quorum required to deliberate and vote on the Agenda is at least fifty per
cent of the shares issued by the Company and each resolution of the Agenda
must be passed by the affirmative vote of at least two thirds of the votes validly
cast at the meeting.
The quorum and the majority at this Extraordinary General Meeting will be
determined according to the shares issued by the Company and outstanding
at midnight (Luxembourg time) on the fifth day prior to the general meeting
(the "Record Date": 13 March 2020). The rights of a shareholder to attend and
vote at the Extraordinary General Meeting are determined in accordance with
the shares held by such shareholder at the Record Date.
If the quorum is not reached at this Extraordinary General Meeting of
shareholders, a second general meeting of shareholders will be convened
with the same agenda, in the manner prescribed by the applicable law.
The second general meeting of shareholders can validly deliberate whatever
the proportion of the present or represented capital may be.
Each entire share is entitled to one vote. A shareholder may act at any meeting
by proxy.
Should you be unable to attend this meeting in person, please return the
enclosed form of proxy by mail, duly executed and signed, to the Company
at the below mentioned address no later than 17 March 2020. Notwithstanding
the above formality, you may send a copy by facsimile at the following
number: (+ 352) 464 010 413.
Shareholders wishing to participate at the meeting should confirm their
attendance no later than 17 March 2020 by registered mail to the Company
at the following address:
State Street Bank International GmbH, Luxembourg Branch
49, Avenue J-F Kennedy
L-1855 Luxembourg
For the attention of Mrs Zakia Aouinti
Yours sincerely,
The Board of Directors
AXA WORLD FUNDS
(« AXA WF »)
Société d’Investissement à Capital Variable de droit luxembourgeois
Siège social : 49, Avenue J-F Kennedy, L-1855 Luxembourg
R.C.S. Luxembourg B 63 116
We are pleased to invite you to attend the
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
FÓTBOLTI Síðustu fjórtán leikir hafa
reynst Chelsea erfiðir og er uppsker-
an fimmtán stig sem hefur hleypt
næstu liðum nær Chelsea á ný.
Chelsea byrjaði tímabilið af krafti
undir stjórn Franks Lampard. Eftir
tólf umferðir var Chelsea með stigi
meira en Manchester City í öðru
sæti deildarinnar á leiðinni á Eti-
had-völlinn með 26 stig eftir tólf
leiki.
Við það að tapa gegn Manchester
City virtust hjólin fara undan vagn-
inum hjá Chelsea. Í þrettán leikjum
síðan þá hefur Chelsea tapað sex,
gert þrjú jafntefli og unnið fjóra.
Aðeins fimm lið í ensku deildinni
eru með verri árangur en Chelsea í
undanförnum fjórtán leikjum,
Aston Villa (14 stig), Brighton (12
stig), West Ham (11 stig), Norwich
(11 stig) og Bournemouth (10 stig).
Dræma stigasöfnun Chelsea má
helst rekja til þess að sóknarleikur
liðsins hefur hrunið. Í síðustu fjór-
tán leikjum hefur Chelsea aðeins
skorað sextán mörk, þar af níu úr
opnum leik.
Í þessum sjö leikjum er Chelsea
með markatölu upp á þrjú mörk í
mínus. Liðið hefur skorað sextán
mörk en fengið nítján á sig.
Alls hefur félagið tapað fimm
sinnum á heimavelli sínum og hald-
ist það á þessari braut mun liðið
enda í kringum 60 stig. Þau lið sem
hafa endað með slíka stigasöfnun
hafa yfirleitt endað í sjöunda eða
áttunda sæti. Þrátt fyrir að vera
goðsögn innan vallar hjá Chelsea
er farið að örla örlítið á pirringi
gagnvart Frank Lampard í stjórastól
Chelsea. Kannski eru það bara vit-
leysingar og nafnleysingjar á netinu
en samt.
Það eru ákveðnar viðvörunar-
bjöllur farnar að hringja og búnar
að hringja ansi hressilega eftir síð-
ustu leiki.
„Hann kemst upp með ótrúlega
hluti. Samt syngja allir nafnið hans
Lampards eftir leiki. Þetta er samt
ekki nógu gott. Hann hefur frítt
spil þetta tímabilið og það er engin
pressa. En ég hef í alvöru áhyggjur
og finnst eins og hann viti ekkert
hvað hann er að gera,“ sagði einn
sem hringdi inn í TalkSport þáttinn
vinsæla á Englandi. – kpt
Bara fimm lið lakari en
Chelsea í fjórtán leikjum
HLAUP Aðeins fremstu hlauparar
heims fá að taka þátt í Tókýó-mara-
þoninu í ár eftir að fleiri smit af kór-
ónaveirunni voru staðfest í Japan.
Það bárust 300.000 umsóknir um að
taka þátt í hlaupinu og var í fyrstu
áætlað að um 38.000 manns fengju
þátttökurétt. Vanalega er dregið um
30 þúsund pláss í sérstöku lottói.
Hlaupið er eitt af sex stærstu
maraþonhlaupum heimsins (e.
World Marathon Majors) með
maraþoninu í Boston, London,
Berlín, Chicago og New York.
Ákvörðun var tekin um að leyfa
aðeins fremsta hlaupafólki heims-
ins að taka þátt sem og fremstu
hjólastólahlaupurum.
Hlaupið er enn ein viðbótin við
þær íþróttagreinar sem hafa orðið
fyrir barðinu á kórónaveirunni.
Meistaradeildarleikjum í Asíu þar
sem áttu að spila kínversku liðin
Guangzhou Evergrande, Shanghai
Shenhua og Shanghai SIPG hefur
verið frestað til apríl og maí. Þá átti
forkeppni fyrir Ólympíuleikana í
kvennaknattspyrnu að fara fram
í Wuhan en eðlilega hefur henni
verið frestað á meðan fundinn er
nýr keppnisstaður. Öllum deildar-
leikjum í Kína hefur verið frestað.
Heimsmeistaramótinu í frjálsum
íþróttum innanhúss, sem fara átti
fram í Nanjing í Kína, hefur verið
frestað fram á næsta ár. Líka er búið
að fresta viðureignum í tennis sem
áttu að fara fram í Kína.
Í raun er ekki til sú íþrótt sem
veiran hefur ekki áhrif á. Meira að
segja Formúla 1 mun ekki mæta
með sinn sirkus til Kína en keppn-
ini átti að fara fram þar í landi í
apríl. Enn hefur þó ekki verið tekin
ákvörðun um stærstu íþróttahátíð
heims, sjálfa Ólympíuleikana. Þeir
verða enn sem komið er í Tókýó en
41 hefur smitast af veirunni í og við
borgina. – kpt
Maraþonið í Tókýó minna í sniðum í ár vegna kórónaveirunnar
Eitt eftirsóttasta maraþonhlaup í
heim fer fram í Tokýó. MYND/GETTY
Tokýó-hlaupið er enn
ein viðbótin við íþrótta-
greinar sem hafa orðið fyrir
barðinu á kórónaveirunni.
Stjórinn Frank Lampard er ekki að ná því besta út úr Chelsea. MYND/GETTY
Dræma stigasöfnun
Chelsea má helst rekja til
þess að sóknarleikur liðsins
hefur hrunið. Í síðustu
fjórtán leikjum hefur
Chelsea aðeins skorað
sextán mörk, þar af níu úr
opnum leik.
Ekki missa af neinu, fylgdu
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