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Classification: General
4
equity security
...
means a relevant share (other than a share
shown in the Memorandum of Association to
have been taken by a subscriber to the
Memorandum of Association or a bonus share)
or a right to subscribe for, or to convert
securities into relevant shares in the Company.
For the avoidance of doubt any reference to the
allotment of equity securities includes the grant
of such a right but not the allotment of shares
pursuant to such a right;
fully paid
...
means fully paid as to the subscription price for
which the relevant share is issued;
hard copy form
...
means information sent or supplied in paper
copy or similar form capable of being read;
holder
...
in relation to any share, means the member
whose name is entered in the register as the
holder of that share;
independent director
...
means a non-executive director who is
independent in accordance with the provisions of
the UKCGC;
interest
...
means an interest of any kind whatsoever in
relation to shares, including but not limited to:
(i)
an interest which arises as a result of
entry into a contract for the purchase of
the shares in question (whether for cash
or other consideration);
(ii)
the interest a person has in shares of
which he is not the registered holder,
but for which he is entitled to exercise
any right conferred by the holding of the
shares or is entitled to control the
exercise of any such right; and
(iii)
the interest a person has in shares if,
otherwise than by virtue of having an
interest under a trust: (A) he has a right
to call for delivery of the shares to
himself or to his order; or (B) he has a
right to acquire an interest in shares or
is under an obligation to take an interest
in shares, whether in any case the right
or obligation is conditional or absolute.
For the purposes of this definition of
interest
,
persons having a joint interest are treated as
each having that interest and a person is
deemed to be entitled to exercise or control the
exercise of any right conferred by the holding of
shares if he:
I.
has a right (whether subject to
conditions or not) the exercise of which
would make him so entitled; or