16
share in consequence of the death or bankruptcy of a member or of any other event giving
rise to a transmission by operation of law may, on producing such evidence as the board
may require and subject as provided in this article, elect either to be registered himself as
the holder of the share or to have some person nominated by him registered as the holder
of the share.
(2)
If he elects to be registered himself, he shall give notice to the Company to that effect. If
he elects to have another person registered, he shall execute a transfer of the share to
that person or shall execute such other document or take such other action as the board
may require to enable that person to be registered.
(3)
The provisions of these articles relating to the transfer of shares shall apply to the notice
or instrument of transfer or other document or action as if it were a transfer effected by
the person from whom the title by transmission is derived and the event giving rise to
such transmission had not occurred.
24.
Rights of person entitled by transmission
(1)
A person becoming entitled to a share in consequence of a death or bankruptcy or of any
other event giving rise to a transmission by operation of law shall have the right to receive
and give a discharge for any distributions or other moneys payable in respect of the share
and shall have the same rights in relation to the share as he would have if he were the
holder except that, until he becomes the holder, he shall not be entitled to attend or vote
at any general meeting of the Company.
(2)
The board may at any time give notice requiring any such person to elect either to be
registered himself or to transfer the share and, if after 90 days the notice has not been
complied with, the board may withhold payment of all distributions or other moneys
payable in respect of the share until the requirements of the notice have been complied
with.
DISCLOSURE OF INTERESTS IN SHARES
25.
Disclosure of interests in shares
(1)
The Company may give a disclosure notice to any person whom the Company knows or
has reasonable cause to believe:
(a)
to be interested in the Company's shares, or
(b)
to have been so interested at any time during the three years immediately
preceding the date on which the disclosure notice is issued.
(2)
The disclosure notice may require the person:
(a)
to confirm that fact or (as the case may be) to state whether or not it is the case,
and
(b)
if he holds, or has during that time held, any such interest, to give such further
information as may be required in accordance with the following provisions of this
article.
(3)
The notice may require the person to whom it is addressed to give particulars of his own
present or past interest in the Company's shares held by him at any time during the three
year period mentioned in paragraph (1) above.
(4)
The notice may require the person to whom it is addressed, where:
(a)
his interest is a present interest and another interest in the shares subsists; or
