Regenerador 2R con Interferómetro Mach-Zehnder

126. (a) The Company in general meeting may upon the recommendation of the Directors resolve that it is desirable to capitalise any part of the amount for the time being standing to the credit of any of the Company's reserve accounts (including capital reserve) or to the credit of the profit and loss account or which is otherwise available for distribution and not required for payment of dividend on any Participating Shares with a preferential right to dividend amongst the Members who would have been entitled thereto if distributed by way of dividend and in the same proportion on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares held by such Members respectively or paying up in full unissued shares of the Company to be allotted and distributed credited as fully paid up to and amongst such Members in the proportion aforesaid, or partly in the one way and partly in the other, and the Directors shall give effect to such resolution.

(b) Whenever such a resolution as aforesaid shall have been passed the Directors shall make all appropriations and applications of the undivided profits resolved to be capitalised thereby, and all allotments and issues of fully paid shares, if any, and generally shall do all acts and things required to give effect thereto with full power to the Directors to make such provision by payment in cash or otherwise as they think fit for the case of shares becoming distributable in fractions and to authorise any person to enter on behalf of all the Members entitled thereto into an agreement with the Company providing for the allotment to them respectively, credited as fully paid up, of any further shares to which they may be entitled upon such capitalisation or (as the case may require) for the payment up by the Company on their behalf, by the application thereto of their respective proportions of the profits resolved to be capitalised, of the amounts or any part of the amounts remaining unpaid on their existing shares, and any agreement made under such authority shall be effective and binding on all such Members.

RESERVES

127. The Directors may before declaring any dividends set aside out of the profits of the Company and carry to the credit of any reserve account such sums as they think proper, which shall, at the discretion of the Directors, be applicable for any purpose to which the profits or reserves may be properly applied and pending such application may at the like discretion either be employed in the business of the Company or be invested in such Investments as the Directors may from time to time think fit. The Directors may also carry forward to the accounts of the succeeding year or years any balance of profits which they shall think fit neither to divide nor to place to reserve.

ACCOUNTS

128. The Directors shall cause to be kept proper accounts with respect to:-

(a) All sums of money received and expended by the Company and the matters in respect of which such receipt and expenditure take place, and

(b) All sales and purchases by the Company, and (c) The assets and liabilities of the Company.

129. The books of account shall be kept at the Office, or at such other place as the Directors think fit, and shall always be open to inspection by the Directors. No Member (other than a Director) shall have any right of inspecting any account or book or document of the Company except as conferred by the Companies Act or authorised by the Directors or by the Company in general meeting.

130. The Directors shall from time to time in accordance with the provisions of the Companies Act, cause to be prepared and to be laid before the Company in general meeting in respect of the Company as a whole such statutory financial statements and other reports as are specified in the Companies Act made up to the Accounting Date in each year or such other date as the Directors may from time to time decide.

131. A copy of the statutory financial statements (including every document required by law to be annexed thereto) and every report which is to be laid before the Company in general meeting in accordance with these Articles together with a copy of the Directors’ report,the Auditor's and Depositary's report thereon shall not less than 21 Clear Days previous to the Meeting be made available (including inter alia by electronic means or by means of access to a website or by post) to every person entitled under the provisions of the Companies Act to receive them PROVIDED THAT this Article shall not require a copy of these documents to be made available by electronic means or upon request by post to more than one of the joint holders of any shares.

132. The Company shall prepare an un-audited half yearly report for the first six months of each financial year. Such report shall be in a form approved by the Competent Authority and shall contain the information required under the Regulations.

133. Copies of the half yearly report shall be made available by electronic means to Members not later than two months from the end of the period to which it related or upon request by post to Members.

134. The Company shall provide the Competent Authority with all reports and information to which it is entitled under the Regulations.

135. Auditors shall be appointed and their duties regulated in accordance with the Companies Act.