Common use of Preference Shares Clause in Contracts

Preference Shares. (a) The Company may issue preference shares and issued shares may be converted into preference shares provided that the rights of the holders of the preference shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting and priority of payment of capital and dividends in relation to other shares or other classes of preference shares are: (i) as set out in Schedule 1; or (ii) as approved by Special Resolution. (b) The rights of holders of preference shares issued by the Company other than pursuant to Schedule 1, but in accordance with the Act, are determined by the terms of issue of those preference shares and the relevant resolution of the Company and are not determined by or affected by the rights set out in Schedule 1. (c) Subject to the Act and the Listing Rules, the Company may issue preference shares which are, or are at the option of the Company to be liable, to be redeemed or to be converted into other shares on such conditions and in such a manner as the Directors decide under the terms of issue of the preference shares. (d) Subject to the Act and the Listing Rules, the Company may issue any combination of fully paid, partly paid or unpaid preference shares. (e) Despite this rule 2.2 and Schedule 1, the Company may not issue a preference share that confers on the holder rights that are inconsistent with those specified in the Listing Rules, except to the extent of any waiver or modification of the Listing Rules.

Preference Shares. (a) The Company may issue preference shares and issued shares may Shares including preference Shares which are, or at the option of the Company or holder are, liable to be converted redeemed or convertible into preference shares ordinary Shares, provided that the rights of the holders of the preference shares Shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting and priority of payment of capital and dividends in relation to other shares Shares or other classes of preference shares Shares are: (i) as set out in Schedule schedule 1; or (ii) as approved by Special Resolutiona resolution of the Company in accordance with the Act. (b) The rights of holders of preference shares Shares issued by the Company other otherwise than pursuant to Schedule schedule 1, but in accordance with the Act, are determined by the terms of issue of those the preference shares Shares and the relevant resolution of the Company Company, and are not determined by or affected by the rights set out in Schedule schedule 1. (c) Subject to the Act and the Listing Rules, the Company may issue preference shares Shares which are, or are at the option of the Company to be liable, to be redeemed or to be converted into other shares Shares on such conditions and in such a manner as the Directors decide under the terms of issue of the preference sharesShares. (d) Subject to the Act and the Listing Rules, the Company may issue any combination of fully paid, partly paid or unpaid preference sharesShares. (e) Despite Notwithstanding this rule 2.2 and Schedule schedule 1, the Company may not issue a preference share Share that confers on the holder rights that are inconsistent with those specified in the Listing Rules, except to the extent of any waiver or modification of the Listing RulesRules by the Exchange.