xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 4Abolition of share warrants to bearer

PART 1Arrangements for conversion and cancellation of existing share warrants

Payment into court in connection with cancellation

11(1)This paragraph applies in relation to a company in respect of which a cancellation order or suspended cancellation order has been made if any of the following is appointed in relation to the company after the cancellation date—

(a)an administrator;

(b)an administrative receiver;

(c)a liquidator;

and that person is referred to in this paragraph as the “office-holder”.

(2)The office-holder may apply to the court for the sum paid into court under paragraph 9(1)(a) to be paid to the office-holder by way of a contribution to the company’s assets.

(3)Such an application may only be made during the period—

(a)beginning with the cancellation date, and

(b)ending with the day which is 3 years after that date.