Investor Presentaiton slide image

Investor Presentaiton

- App5 A Strong and Stable Shareholder Base In case a member requests to leave In case of changes in the field of competences of a member local authority • Each shareholder member cannot leave before a minimum 10-year lock-up period; Following the 10-year period, no member will be allowed to leave Agence France Locale unless it has fully repaid its loans; Worsened financial position Financial position impact Improved financial position • All members shall remain guarantors of AFL up to the level of their outstanding loans with AFL (principal, interest and incidentals) until they have fully repaid their loans; Local authority classified as a Sleeping Member If the local authority does not pay an additional ICC(1) due to the new competences If the local authority pays an additional ICC due to the new competences 55 The leaving member is requested to find a new shareholder which has been approved by the Board of Directors of AFL - ST to acquire its shares. Cannot receive fresh loans nor sell its shares the local authority is classified as a Sleeping Member the local authority maintains its eligibility as a Fully-Operating Member CAFL Lo bonque des collectivités
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