Small Business, Enterprise and Employment Act 2015 (c. 26)

SCHEDULES

SCHEDULE 4 U.K. Abolition of share warrants to bearer

PART 1 U.K. Arrangements for conversion and cancellation of existing share warrants

Second notice of right to surrender U.K.

4 (1) A company must, before the end of the period of 8 months beginning with the commencement date, give further notice to the bearer of a share warrant of the company of— U.K.

(a) the bearer's right of surrender,

(b) the consequences of not having exercised the right of surrender before the end of the period of 7 months beginning with the commencement date (see paragraph 3), and

(c) the matters referred to in paragraph 2(1)(c) and (d).

(2) If a company fails to comply with this paragraph an offence is committed by every officer of the company who is in default.