Article 4 Extinguishment of rights in relation to sharesI1

United Kingdom

(1)

By virtue of this Order any right or other entitlement granted by—

(a)

a relevant undertaking; or

(b)

a person not within sub-paragraph (a), by reason of or in connection with—

(i)

any individual’s office or employment with a relevant undertaking; or

(ii)

the services provided by any individual to a relevant undertaking,

to receive shares in Northern Rock (whether by subscription, conversion or otherwise) is extinguished with effect from the effective time.

(2)

This article shall not apply to any right or entitlement to which article 5 applies.

Annotations