Authorised Share Capital £50,000,000 - (2021 -£50,000,000)
15,000,000 ordinary A shares of £1 each £15,000,000 £15,000,000
15,000,000 ordinary B shares of £1 each £15,000,000 £15,000,000
8,000,000 ordinary C shares of £1 each £8,000,000 £8,000,000
4,000,000 ordinary D shares of £1 each £4,000,000 £4,000,000
4,000,000 ordinary E shares of £1 each £4,000,000 £4,000,000
4,000,000 ordinary F shares of £1 each £4,000,000 £4,000,000
The rights attached to all classes of ordinary shares of the Company are set out below:
Dividend rights
Rights to dividends on all classes of ordinary shares are dictated by the regulations in Table
A of the Companies Act 1985.
Priority and amounts receivable on winding up
The priority of allocation, and the amounts receivable on a winding up are dictated by the regulations contained in Table A of the Companies Act 1985, with application to all classes of share, subject to the inclusion of the amendment prescribed by the Articles of Association to regulation 117, that the words “with the like sanction” to be inserted immediately before the words “value any assets”.
Voting rights
All shareholders, upon a poll, shall have one vote for every share, whatever class. Each class of share carries the respective voting rights and rights to appoint and remove Directors, and be subject to the restrictions of transfer herein provided but in each case and in all other aspects shall rank pari passu.
Exemption has been prescribed by the Articles of Association, that no ‘A’ shareholder shall be entitled to vote on a resolution for the appointment or removal of a ‘B’ or ‘C’ Director, and no ‘B’ shareholder shall be entitled to vote on a resolution for the appointment or removal of an ‘A’ or ‘C’ Director, and no ‘C’ shareholder shall be entitled to vote on a resolution for the appointment or removal of an ‘A’ or ‘B’ Director.