{
  "url": "https://openlegislation.uk/northern-rock-plc-transfer-order-2008/article-6",
  "json_url": "https://openlegislation.uk/northern-rock-plc-transfer-order-2008/article-6.json",
  "legislation": "uksi/2008/432",
  "legislation_title": "The Northern Rock plc Transfer Order 2008",
  "legislation_url": "https://openlegislation.uk/northern-rock-plc-transfer-order-2008",
  "path": "article/6",
  "kind": "article",
  "number": "6",
  "heading": "Conversion of foundation shares into ordinary shares etc.",
  "text": "(1) Immediately after the effective time, each foundation share issued by Northern Rock shall, by virtue of this Order, convert into and be redesignated as one ordinary share in Northern Rock notwithstanding any provision in the articles of association of Northern Rock and without the need for approval of any person.\n(2) Northern Rock’s company secretary shall within one month after the effective time notify the registrar of companies of the alteration of the share capital of Northern Rock in accordance with section 122 of the 1985 Act (notice to registrar of alteration).\n(3) The conversion and redesignation of the foundation shares by virtue of this Order shall be treated as having been carried out by Northern Rock under and in accordance with article 8.6 of its articles of association (save that article 8.22 shall not apply) and the Deed of Covenant made on 30th September 1997 between Northern Rock and the Northern Rock Foundation shall terminate immediately after such conversion and redesignation.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 6 in force at 22.2.2008, see art. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/432/article/6",
    "retrieved_at": "2026-10-29T03:36:14.282889+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}