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Spotify Technology S.A., or if the acquisition of normal shares has been built with the intent of distribution to its workforce and/or the workers of any entity possessing a managing partnership with it (i.e., its subsidiaries or managing shareholder). In addition, pursuant to Luxembourg legislation, Spotify Technology S.A. If the cash contact proposed by the board of administrators is made up of an boost in the shareholders’ commitments, the board of directors will have to convene the shareholders to an extraordinary normal meeting to be held in the presence of a Luxembourg notary for such goal. Luxembourg legislation offers that the board of administrators is obliged to convene a general meeting of shareholders if shareholders symbolizing, in the mixture, 10% of the issued share capital so ask for in composing with an indication of the assembly agenda. Luxembourg law gives that shareholders symbolizing, in the mixture, 10% of the issued share capital might request that added merchandise be additional to the agenda of a typical assembly of shareholders. However, our shareholders have, in accordance with Luxembourg regulation, approved the board of directors to suppress, waive, or limit any preemptive subscription rights of shareholders presented by law to the extent that the board of administrators deems such suppression, waiver, or limitation recommended for any issuance or issuances of common shares inside of the scope of our authorized share capital
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