|
|
Amendment of section 2 of Principal Act.
|
2.— Section 2 of the Principal Act (which provides that the share capital of the Company shall be £50,000,000) is hereby amended by the substitution of “£120,000,000” for “£50,000,000” (inserted by the Act of 1982), and section 2 of the Principal Act, as so amended, is set out in the Table to this section.
|
|
| |
2.—Notwithstanding anything contained in the Companies Acts or in the memorandum or articles of association of the Company, the share capital of the Company shall be £120,000,000 divided into shares of one pound each and the Company shall have power, with the consent of the Minister for Finance, to divide the shares in the capital of the Company into several classes and to attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions.
|
