Common use of VARIATION OF RIGHTS Clause in Contracts

VARIATION OF RIGHTS. 18.1 Subject to the Companies Acts, the rights attached to any class of shares can be varied or abrogated either with the consent in writing of the holders of not less than three-quarters in nominal value of the issued share of that class (excluding any shares of that class held as treasury shares) or with the authority of a special resolution passed at a separate meeting of the holders of the relevant class of shares known as a class meeting.

VARIATION OF RIGHTS. 18.1 Subject to 5.1 For so long as the Companies Actsshare capital is divided into different classes of Shares, the rights attached to any class of shares can may, whether or not the Company is being wound up, be modified, varied or abrogated either with the consent in writing of the holder or holders of not less than three-quarters three fourths in nominal value of the issued share Shares of that class (excluding any shares of that class held as treasury shares) or with the authority sanction of a special an extraordinary resolution passed at a separate general meeting of the holders of the relevant class Shares of shares known as a class meetingthe class.