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PENNYS ToMILLIONS

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PENNYS ToMILLIONS

Re: None

Tuesday, 10/23/2012 9:09:45 AM

Tuesday, October 23, 2012 9:09:45 AM

Post# of 130503
A director should consider owning shares of the Company’s common stock having a dollar value of at least five times the value of the then-applicable annual retainer paid for service on the Board. Ownership is measured annually as of December 31 of each calendar year, based on the average closing price of a share of Amarantus stock as traded on the New York Stock Exchange for the last 30 trading days of the year.

http://www.amarantus.com/wp-content/uploads/2012/10/Amarantus-Biosciences-Corporate-Governance-Guidelines.pdf
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