SCHEDULES

F1SCHEDULE 11

Annotations:
Amendments (Textual)

Euro-securities

20

1

The securities offered are Euro-securities and no advertisement relating to the offer is issued in the United Kingdom, or is caused to be so issued—

a

by the issuer of the Euro-securities;

b

by any credit institution or other financial institution through which the Euro-securities may be acquired pursuant to the offer; or

c

by any body corporate which is a member of the same group as the issuer or any of those institutions.

2

But sub-paragraph (1) does not apply to an advertisement of a prescribed kind.

3

“Euro-securities” means investments which—

a

are to be underwritten and distributed by a syndicate at least two of the members of which have their registered offices in different countries or territories;

b

are to be offered on a significant scale in one or more countries or territories, other than the country or territory in which the issuer has its registered office; and

c

may be acquired pursuant to the offer only through a credit institution or other financial institution.

4

“Credit institution” means a credit institution as defined in F3Article 1(1)(a) of F2the banking consolidation directive.

5

“Financial institution” means a financial institution as defined in Article 1 of F2the banking consolidation directive.

6

“Underwritten” means underwritten by whatever means, including by acquisition or subscription, with a view to resale.