The denomination should be performed by maintaining the existing proportionality between the shareholders of the capital company and by minimizing changes in the share capital The share capital of a capital company is composed of the number of shares of the share capital, multiplied by the nominal value of the share capital

Conditions:

• The amount of fixed capital must be expressed in EUR. The nominal value of the share must not be less than one cent
• When calculating the nominal value of one share, the euro exchange rate shall be taken into account.
• The recalculated amount is rounded down
• Each share capital share remains subject to a fixed amount, is paid to the members of the company in proportion to their share capital shares, or to the transfer of these values to the company's reserves
• Only values that cannot be expressed in new capital shares at the existing nominal value, while maintaining the proportionality of the members, may be set aside or paid to members.
• The denomination shall not result in a reduction in the scope of the rights of the participant. In other words, if the number of shares owned by the participant before the denomination exceeds one of the thresholds defined, which confer certain rights on the participant (5%, 10%, 1/3 of the share capital), it must not be reduced as a result of the denomination (e.g. from 10% to 9,99%).
• As a result of the denomination, the share capital may fall to a maximum of 1,6% (e.g. from LVL 2000 to EUR 2800), but this can only be done if no new shares can be issued at the nominal value of the stake, taking into account the proportionality of the existing members.