| Article 21 |
The shares represented by a proxy agent accepting the mandate of more than 3 shareholders referred to in Paragraph 1 of Article 13 shall, in addition to not being more than 4 times the number of shares held by it, also not exceed 3 percent of the total number of issued shares of the company. If the proxy agent referred to in the preceding paragraph also solicits proxies, the aggregate number of shares represented by it shall not be more than that provided in Article 20.
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