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5. By virtue of this Order, with effect from the first transfer time, any right or entitlement of a person to receive shares in Bradford & Bingley (whether by subscription, conversion or otherwise) is extinguished if the right or entitlement was granted by—
(a)a relevant undertaking; or
(b)a person not within sub-paragraph (a) and is enjoyed by reason of or in connection with—
(i)any person’s office or employment with a relevant undertaking; or
(ii)the services provided by any person to a relevant undertaking.
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