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Classification: General
13
(2)
In relation to any share which is for the time being held in uncertificated form:
(a)
the Company may utilise the relevant system in which it is held to the fullest
extent available from time to time in the exercise of any of its powers or functions
under the Statutes or these articles or otherwise in effecting any actions and the
board may from time to time determine the manner in which such powers,
functions and actions shall be so exercised or effected;
(b)
any provision in these articles which is inconsistent with:
(i)
the holding of that share in uncertificated form or transfer of title to that
share by means of a relevant system;
(ii)
any other provision of the Statutes relating to shares held in uncertificated
form; or
(iii)
the exercise of any powers or functions by the Company or the effecting by
the Company of any actions by means of a relevant system,
shall not apply;
(c)
subject to the Uncertificated Securities Order, the Company may, by notice to the
holder of that share, require the holder to change the form of such share to
certificated form within such period as may be specified in the notice;
(d)
the Company may require that share to be converted into certificated form in
accordance with the Statutes;
(e)
the Company shall not issue a certificate; and
(f)
where the Company is entitled under any provision of the Statutes or these articles
to sell, transfer or otherwise dispose of, forfeit, re-allot, accept the surrender of, or
otherwise enforce a lien over, that share:
(i)
the Company may by notice to the holder of that share, require that the
holder appoint any person to take any step, including, without limitation,
the giving of any instructions by means of the relevant system, necessary
to transfer that share within the period specified in the notice; and
(ii)
the Company shall be entitled to take any action that the board considers
appropriate to achieve the sale, transfer, disposal, forfeiture, re-allotment
or surrender of that share, or otherwise to enforce a lien in respect of that
share.
(3)
The Company may, by notice to the holder of any share in certificated form, direct that the
form of such share may not be changed to uncertificated form for a period specified in
such notice.
(4)
For the purpose of effecting any action by the Company, the board may determine that
shares held by a person in uncertificated form shall be treated as a separate holding from
shares held by that person in certificated form but shares of a class held by a person in
uncertificated form shall not be treated as a separate class from shares of that class held
by that person in certificated form.
(5)
Subject to the Statutes, the directors may lay down regulations not included in these
articles which (in addition to, or in substitution for, any provisions in these articles):
(a)
apply to the issue, holding or transfer of shares in uncertificated form;