Part 17 U.K.A company's share capital

Chapter 8U.K.Alteration of share capital

Redenomination of share capitalU.K.

623Calculation of new nominal valuesU.K.

For each class of share the new nominal value of each share is calculated as follows: Step One

Take the aggregate of the old nominal values of all the shares of that class.

Step Two

Translate that amount into the new currency at the rate of exchange specified in the resolution.

Step Three

Divide that amount by the number of shares in the class.