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No financial interdependence despite risk to business results due to lack of control

On 24 January 2000, the interested party entered into an agreement with approximately 480 municipalities, holders of a total of 4,351,200 XA NV shares. It has been agreed that the interested party will purchase all shares in XA NV and that the shares will be transferred in three tranches: on February 21, 2000, 2,175,607 shares will be delivered; on January 2, 2003 1,087,800 shares and on January 4, 2005 1,087,793 shares. In connection with this sale, on 21 February 2000, XA NV issued 4,351,200 cumulative preference shares to the interested party and 27,596 cumulative preference shares to the NVB. NV.

Source BTW jurisprudentie

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