9(1)Where a share warrant is cancelled by a cancellation order or suspended cancellation order, the company concerned must, before the end of the period of 14 days beginning with the cancellation date, make a payment into court of an amount equal to—U.K.
(a)the aggregate nominal value of the shares specified in the warrant and the whole of any premium paid on them, plus
(b)the suspension period amount.
(2)If a company fails to comply with sub-paragraph (1) an offence is committed by every officer of the company who is in default.