SCHEDULE 4 SHARE TRANSFERS

Transfer of registered shares

6

F11

F2Subject to sub-paragraph (2), in the case of any transfer of shares which meets the requirements of paragraph 4 or 5, the company must—

a

register the transfer; and

b

where the name of the transferee is not already entered on the register, enter that name on the register.

F32

The company may refuse to register any transfer of shares made by means of electronic communication.