Share Capital and Structure 

The Company has two classes of shares: ordinary shares and 9% cumulative preference shares.

Issued Share Capital (as at 23 March 2011):

ORDINARY SHARES: 60,344,582
PREFERENCE SHARES: 1,394,587

Of the Ordinary Shares, 711,226 are held as Treasury Shares, which means that the Total Voting Rights as at 23 March 2011 were 59,633,356.

No share in the capital of the Company may be allotted at a discount nor shall they be allotted except as paid up both in regard to nominal amount and premium to the minimum extent permitted by the 2006 Act.

Transfer of Shares 

There is no restriction on the transfer of shares in the Company, other than as contained in the Company’s Articles. The Board may, in its absolute discretion and without giving any reason, refuse to register the transfer of a share (other than fully paid shares) to a person of whom they shall not approve provided that this does not prevent dealings in the shares from taking place on an open and proper basis. The Board may also decline to register any transfer of shares on which the Company has a lien and no share shall be transferred to any person under the age of 18 or to a person who is insolvent or of unsound mind.