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Article 5 Share Subscription Agreements

Original text. Later amendments are not shown.

This article applies to an agreement made on or after the date on which this Order comes into force—

(a)

which provides for a person (the “subscriber”) to subscribe (whether or not in cash) for shares in a company (the “issuing company”);

(b)

under which no relevant restriction in respect of any of the matters described in section 6(1)(a) or (b) of the Act of 1976 is accepted by a person; and

(c)

under which no relevant restriction in respect of any of the matters described in section 6(1)(c) to (f) of that Act is accepted by a body corporate or unincorporate.