Paragraph 21 Retirement of directors by rotationI1

United Kingdom

(1)

At the first annual general meeting all the directors must retire from office.

(2)

At every subsequent annual general meeting any directors—

(a)

who have been appointed by the directors since the last annual general meeting, or

(b)

who were not appointed or reappointed at one of the preceding two annual general meetings,

must retire from office and may offer themselves for reappointment by the members.

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