Common use of Company Restrictions Clause in Contracts

Company Restrictions. The Company must use reasonable endeavours to ensure that none of the following occurs except where required by law or by the Listing Rules without the prior written approval of the Investor, such approval not to be unreasonably withheld: (a) a reorganisation, reclassification, reconstruction, consolidation or subdivision of the capital of the Company or the creation of any different class of securities in the capital of the Company other than employee options approved by the Company in general meeting or issued pursuant to any employee or executive share option plan of the Company; (b) any buyback, redemption, reduction or cancellation of shares or share capital; or (c) any decision that will, or is likely to cause a Material Adverse Effect.