KEplc articles of association - page 54

49
as the holder (or, in the case of joint holders, all the joint holders) may notify to the
Company for the purpose.
(3)
Every cheque or warrant is sent, and payment in any other way is made, at the risk of the
person or persons entitled to it and the Company will not be responsible for any sum lost
or delayed when it has sent or transmitted the sum in accordance with these articles.
Clearance of a cheque or warrant or transmission of funds through a bank or other funds
transfer system or by such other electronic means as is permitted by these articles shall be
a good discharge to the Company.
(4)
Any joint holder or other person jointly entitled to any share may give an effective receipt
for any distribution or other sum paid in respect of the share.
(5)
Any distribution or other sum payable in respect of any share may be paid to a person or
persons entitled by transmission to that share as if he or they were the holder or joint
holders of that share and his address (or the address of the first named of two or more
persons jointly entitled) noted in the register were the registered address.
114.
Distributions not to bear interest
No distribution or other moneys payable by the Company on or in respect of any share
shall bear interest as against the Company unless otherwise provided by the rights
attached to the share.
115.
Calls or debts or amounts required by law may be deducted from distributions
The board may deduct from any distribution or other moneys payable to any person
(either alone or jointly with another) on or in respect of a share all such sums as may be
due from him (either alone or jointly with another) to the Company on account of calls or
otherwise in relation to shares of the Company.
116.
Unclaimed distributions etc
All unclaimed distributions, interest or other sums payable may be invested or otherwise
made use of by the board for the benefit of the Company until claimed. All distributions
unclaimed for a period of 12 years after having become due for payment shall be forfeited
and cease to remain owing by the Company. The payment of any unclaimed distribution,
interest or other sum payable by the Company on or in respect of any share into a
separate account shall not constitute the Company a trustee in respect of it.
117.
Uncashed distributions
If:
(a)
a payment for a distribution or other sum payable in respect of a share sent by the
Company to the person entitled to it in accordance with these articles is left
uncashed or is returned to the Company and, after reasonable enquiries, the
Company is unable to establish any new address or, with respect to a payment to
be made by a funds transfer system, a new account, for that person; or
(b)
such a payment is left uncashed or returned to the Company on two consecutive
occasions,
the Company shall not be obliged to send any distributions or other sums payable in
respect of that share to that person until he notifies the Company of an address or, where
the payment is to be made by a funds transfer system, details of the account, to be used
for the purpose.
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