Common use of Issuance of Subscription Shares Clause in Contracts

Issuance of Subscription Shares. (a) The Issuer has and will comply with the Listing Rules, the Takeovers Code and the Constitution so far as the issue of the Subscription Shares is concerned. (b) The Subscription Shares (when issued) will be duly and validly issued, fully-paid and rank pari passu with, and carry the same rights in all respects as, the other Shares then in issue and shall be entitled to all dividends and other distributions declared, paid or made thereon. (c) The Subscription Shares (when issued) will be free and clear of all Encumbrances, not be subject to calls for further payment, any pre-emptive or similar rights or claims of third parties and there will be no restrictions on transfers of the Subscription Shares other than as set out in the Constitution. (d) Other than as set out in the Constitution, there are no restrictions applicable to the Shares generally upon the voting or transfer of any of the Shares pursuant to the Constitution or pursuant to any agreement or other instrument to which the Issuer or any other member of the Group is a party or by which the Issuer or any other member of the Group is bound.