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Restrictions of Transfer
Shares of non-UK companies cannot be held and transferred directly into the CREST system. CREST is a paperless settlement system allowing securities to be transferred from one person’s CREST account to another’s without the need to use share certificates or written instruments of transfer. Shareholders who wish to hold and transfer the rights to Common Shares in uncertificated form may do so pursuant to a Depository Interest arrangement established by the Corporation and the Depositary. Depository Interests facilitate the trading and settlement of the rights to shares in non-UK companies on CREST. The Depository Interests are independent securities constituted under English law that are held and transferred through the CREST system. Depository Interests have the same security code (ISIN) as the underlying Common Shares. The Depository Interests have been created and issued pursuant to a deed poll entered into by the Depository that governs the relationship between the Depository and the holders of the Depository Interests. Each Depository Interest is treated as one Common Share for the purposes of determining eligibility for dividends, issues of bonus stock and voting entitlements.
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