SCHEDULE Amendment of Article 16 of the 1986 Order

5 Amendment of Article 104 of the 1986 Order
(1) Amend Article 104 of the 1986 Order (interpretation for Articles 99 to 106) as follows.
(2) After paragraph (3) insert –

“3A A reference to the allotment of equity securities or of equity securities consisting of relevant shares of a particular class also includes the sale of any relevant shares in the company or (as the case may be) relevant shares of a particular class if, immediately before the sale, the shares were held by the company as treasury shares.”

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(3) At the end of paragraph (5)(b) insert “or, in the case of shares held by the company as treasury shares, are to be transferred in pursuance of such a scheme”.