Article 2
It shall be unlawful for GEC or Siemens, any subsidiary of GEC or Siemens or any associate–
directly or through any nominee or trustee to acquire any shares or interest in shares of Plessey in circumstances where GEC, Siemens, their respective subsidiaries and any associate hold, or after the acquisition would hold, directly or indirectly, 15 per cent or more, or an interest in 15 per cent or more, of any class of voting shares of Plessey or of any subsidiary of Plessey, or
to exercise, directly or indirectly, at any general meeting of, or of any class of the members of, Plessey or any of its subsidiaries, any voting rights conferred by the holding of shares or attaching to any interest in shares if the aggregate of the voting rights exercised by or on behalf of GEC, Siemens, their respective subsidiaries and any associate would amount to 15 per cent or more of the total of the voting rights exerciseable on the resolution in question, or
to enter into any agreement or arrangement with any other person with a view to or for the purpose of acting together to secure or exercise control of Plessey or any of its subsidiaries or of any of the enterprises thereof;
and for the purpose of determining, in the application of subparagraph (b) above, whether a voting right is exerciseable, account shall be taken of the application of that subparagraph.
Subparagraph (a) of paragraph (1) of this article shall not apply to anything done in pursuance of an agreement to acquire shares or interests in shares made before 9.00 am on 12th January 1989 and legally enforceable against GEC, Siemens, any of their respective subsidiaries or any associate.