THE FIRST GROUP OF PARTS E+W

PART 1 E+W COMPANY VOLUNTARY ARRANGEMENTS

CHAPTER 5 E+W PROCEEDINGS ON A PROPOSAL MADE BY THE DIRECTORS, OR BY THE ADMINISTRATOR, OR BY THE LIQUIDATOR

SECTION B: VOTING RIGHTS AND MAJORITIES E+W

Voting rights (members) E+W

1.18.—(1) Subject as follows, members of the company at their meeting vote according to the rights attaching to their shares respectively in accordance with the articles.

(2) Where no voting rights attach to a member's shares, he is nevertheless entitled to vote either for or against the proposal or any modification of it.

(3) References in this Rule to a person's shares include any other interest which he may have as a member of the company.

Commencement Information

I1 Rule 1.18 in force at 29.12.1986, see rule 0.1