Redemption or Purchase of Own Shares out of Capital

Companies Act 19851999-02-251999-03-021999-03-08TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

Redemption or Purchase of own Shares out of Capital


Notice is hereby given that: (a) A Special Resolution of the Company was duly passed by written resolution dated 2nd March 1999 that a payment of £2,000,000 out of the Company’s capital (as defined in sections 170, 171 and 172 of the Companies Act 1985) in satisfaction of the purchase of 2,000,000 Ordinary Shares of £1 each in the capital of the Company at £1 per share under section 162 of the Companies Act be authorised. (B) The amount of the permissible capital payment as defined by sections 170, 171 and 172 of the Companies Act 1985 was £2,000,000. (C) The statutory declaration which is dated 25th February 1999 and auditors’ report which is dated 2nd March 1999 required by sections 173 and 174 of the Companies Act 1985 are available for inspection at the registered office of the Company at Friendly House, 24 Chiswell Street, London EC1Y 4SP. (D) Any Creditor of the Company may apply to the High Court under sections 176 and 177 of the Companies Act 1985 within the period of 5 weeks immediately following 2nd March 1999 for an Order prohibiting the payment. 8th March 1999.