Paragraph 49 Replacement share certificatesI1

United Kingdom

(1)

If a certificate issued in respect of a member’s shares is—

(a)

damaged or defaced, or

(b)

said to be lost, stolen or destroyed,

that member is entitled to be issued with a replacement certificate in respect of the same shares.

(2)

A member exercising the right to be issued with such a replacement certificate—

(a)

may at the same time exercise the right to be issued with a single certificate or separate certificates;

(b)

must return the certificate which is to be replaced to the company if it is damaged or defaced; and

(c)

must comply with such conditions as to evidence, indemnity and the payment of a reasonable fee as the directors decide.

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