3.—(1) Article 259 of the 1986 Order (provision of summary financial statement to shareholders)(1) shall be amended as provided in paragraphs (2) to (5).
(2) In paragraph (1)—
(a)after the word “shares” in both places where it occurs there shall be inserted “or debentures”, and
(b)for the words “members of the company” there shall be substituted “entitled persons”.
(3) For the second paragraph of paragraph (1), there shall be substituted the following:—
“In this Article—
“entitled person”, in relation to a company, means such of the persons specified in Article 246(1)(a) to (c) as are or would apart from this Article be entitled to be sent copies of those documents relating to the company which are referred to in that paragraph; and
“listed” means admitted to the Official List of The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited.”.
(4) In paragraph (2)—
(a)For the words “any member of the company” and “a member of the company” there shall be substituted “any entitled person” and “an entitled person” respectively, and
(b)after the word “ascertained” there shall be inserted “(whether before or after he becomes an entitled person)”.
(5) In paragraph (6), for the words “members of a company” there shall be substituted “entitled persons”.
Article 259 was inserted by Articles 3 and 17 of the Companies (Northern Ireland) Order 1990