Common use of VARIATION OF SHARE CAPITAL Clause in Contracts

VARIATION OF SHARE CAPITAL. 11.1 If the Ordinary Share Capital is varied by way of capitalisation or rights issue, subdivision, consolidation or reduction or there is declared an extraordinary dividend or there occurs any other event which might affect the value of the Option, the Remuneration Committee shall adjust:-

VARIATION OF SHARE CAPITAL. 11.1 If the Ordinary Share Capital is varied by way of capitalisation a sub-division or rights issue, subdivision, consolidation or reduction or there is declared an extraordinary dividend or there occurs any other event which might affect the value of the Option, the Remuneration Committee shall adjust:-(in its discretion) adjust: