http://www.legislation.gov.uk/nisi/1990/1504/schedule/4/crossheading/share-warrants-to-bearer/made
The Companies (No. 2) (Northern Ireland) Order 1990
Legislation
Government Printer for Northern Ireland
2015-12-22
NORTHERN IRELAND
This Order is made for purposes corresponding to the purposes of Parts III to V and VII (except sections 156, 157, 169 and Schedule 21) of the Companies Act 1989 (c. 40).
SCHEDULES
SCHEDULE 4COMPANY CONTRACTS, SEALS, &C.: FURTHER PROVISIONS
Share warrants to bearer
6
For Article 198 of the Companies Order (issue and effect of share warrant to bearer) substitute—
Issue and effect of share warrant to bearer198
1
A company limited by shares may, if so authorised by its articles, issue with respect to any fully paid shares a warrant (a “share warrant”) stating that the bearer of the warrant is entitled to the shares specified in it.
2
A share warrant issued under the company’s common seal entitles the bearer to the shares specified in it; and the shares may be transferred by delivery of the warrant.
3
A company which issues a share warrant may, if so authorised by its articles, provide (by coupons or otherwise) for the payment of the future dividends on the shares included in the warrant.