Due to recent legislation changes UK companies are no longer able to have bearer shares in issue. The legislation required to affect the abolition is included in Section 26 and Schedule 4 of the Small Business, Enterprise and Employment Act 2015. The changes introduced in the act took effect from 26 May 2015.

NOTICE IS HEREBY GIVEN to the holders of bearer shares issued by the Company of the right to surrender their bearer shares for conversion into registered shares. This right expires after 25 February 2016, after this date the Company will apply to the court to cancel the bearer shares.

Any bearer shares not surrendered by 26 December 2015 lose the right to vote on those shares and to receive any dividends.

Bearer shareholders will be entitled to apply to the court between six months and three years after the cancellation date for the amounts held on trust for them. However, they will have to satisfy the court that ‘exceptional circumstances’ prevented them from surrendering their shares during the surrender period or the extended grace period. Any money paid into court by the Company that has not been claimed back by the end of the three-year period will be paid into the Government’s Consolidated Fund.

As the Company does not know the name and address of the holders of the bearer shares, its only means of communicating with them is by advertising in the Gazette and a similar Portuguese publication.

Holders of bearer shares should contact, S.J.P. Secretaries Limited, Corporate Secretary, “Windmill Hill, Silk Street, Waddesdon, Aylesbury, Buckinghamshire, HP18 0JZ.”