# The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008, Article 5: Extinguishment of rights in relation to shares in Bradford & Bingley


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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Source: https://www.legislation.gov.uk/uksi/2008/2546/article/5 (the official version)
Page: https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.