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Article 5 Extinguishment of rights in relation to shares in Bradford & Bingley

Original text. Later amendments are not shown.

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.