Common use of VARIATION OF SHARE CAPITAL Clause in Contracts

VARIATION OF SHARE CAPITAL. In the event of any issue of ordinary shares in the capital of the Company by way of capitalisation of profits or reserves or rights issue, open offer or by way of any consolidation or sub-division or reduction of capital then the number of Option Shares remaining outstanding under the Option and/or the Option Price in respect thereof may be adjusted by the Committee in such manner and with effect from such date as the Committee may determine to be appropriate.

VARIATION OF SHARE CAPITAL. In the event of any issue of ordinary shares in the capital of the Company by way of capitalisation of profits or reserves capitalization or rights issueissue or any consolidation, open offer or by way of any consolidation or sub-division or reduction of capital then by the Company, the number of shares of stock subject to any Approved Option Shares remaining outstanding under and the Option and/or the Option Price option price (as defined in respect thereof may Rule 7) for each of those shares of Stock shall be adjusted by the Committee in such manner and with effect from such date as the Committee may determine Auditors, after consultation with the Committee, confirm to be appropriate.fair and reasonable provided that: