SCHEDULES

SCHEDULE 15 The corporate venturing scheme

Part III The issuing company

Excluded activities

26

1

The following are excluded activities—

a

dealing in land, in commodities or futures or in shares, securities or other financial instruments;

b

dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;

c

banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;

d

leasing (including letting ships on charter or other assets on hire) or receiving royalties or other licence fees;

e

providing legal or accountancy services;

f

property development;

g

farming or market gardening;

h

holding, managing or occupying woodlands, any other forestry activities or timber production;

F1ha

shipbuilding;

hb

producing coal;

hc

producing steel;

i

operating or managing hotels or comparable establishments or managing property used as a hotel or comparable establishment; and

j

operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home.

2

Sub-paragraph (1) is supplemented by the following provisions—

paragraph 27 (wholesale and retail distribution);

paragraph 28 (leasing of ships);

paragraph 29 (receipt of royalties and licence fees);

paragraph 30 (property development);

F2paragraph 30A (shipbuilding);

paragraph 30B (producing coal);

paragraph 30C (producing steel);

paragraph 31 (hotels and comparable establishments);

paragraph 32 (nursing homes and residential care homes); and

paragraph 33 (provision of facilities for another business).