In all Shareholders’ Meetings, each shareholder has one vote for each share held. The major shareholders of Airbus – as set forth in section 3.3.2 “Relationships with Principal Shareholders” of the Registration Document – do not enjoy different voting rights from those of the other shareholders.
A shareholder whose shares are subject to a pledge or usufruct shall have the voting rights attached to such shares, unless otherwise provided by law or by the Articles of Association, or if, in the case of a usufruct, the shareholder has granted voting rights to the usufructuary. According to the Articles of Association and subject to the prior consent of the Board of Directors, a pledge of shares in the Company may be granted the right to vote in respect of such pledged shares.
Article 25 (paragraph 2 and 3) of the Articles of Association provides that:
“The right to vote can be granted to an usufructuary. The right to vote can be granted to a pledgee but only with the prior consent of the Board of Directors. No vote may be cast at the General Meeting of Shareholders on a share that is held by the Company or a subsidiary; nor for a share in respect of which one of them holds the depositary receipts.
Usufructuaries and pledgees of shares that are held by the Company or its subsidiaries are, however, not excluded from their voting rights, in case the right of usufruct or pledge was vested before the share was held by the Company or its subsidiary.”