The special class preferred shares, Golden Shares, must be the property of the country. The holder of the special class preferred shares has the same rights (including with respect to voting and dividend preference) as holders of preferred class A shares. In addition, the holder of the golden shares is entitled to veto any proposed action relative to the following matters:
1. A change in our name;
2. A change in the location of our head office;
3. A change in our corporate purpose as regards the mining activities;
4. Any liquidation of our company;
5. Any disposal or winding up of activities of any one or more of the following stages of our iron ore mining integrated systems:
- Mineral deposits, ore deposits, mines;
- Railways;
- Ports and maritime terminals;
6. Any change in the rights assigned to the species and classes of the shares issued by us;
7. Any change in the rights assigned by our Bylaws to the special class preferred shares.