The Risk Transformation Regulations 2017

Contents of share certificate

111.—(1) Each share certificate prepared by a protected cell company must state—

(a) whether the shares are issued on behalf of the core or a cell of the protected cell company;

(b) if the shares are issued on behalf of a cell, the name or number of the cell;

(c) whether the shares are voting shares or non-voting shares;

(d) the number of shares to which title is evidenced by the share certificate;

(e) where the share belongs to a particular class of shares, the class of shares to which title is evidenced by the share certificate;

(f) any restrictions on the transferability of the shares; and

(g) the name of the holder.

(2) Where, in respect of any class of shares, the rights that attach to shares of that class are expressed in two denominations, the reference in sub-paragraph (d) of paragraph (1) to the number of shares is a reference to—

where—

• N is the relevant number of the larger denomination shares of the class in question;

• n is the relevant number of the smaller denomination shares of the class in question;

• p is the number of smaller denomination shares of the class in question that are equivalent to one larger denomination share of that class.