Keywords Studios : Proposed Articles of Association (track changes) (PDF)

PROPOSED NEW ARTICLES OF ASSOCIATION

KEYWORDS STUDIOS PLC

ARTICLES OF ASSOCIATION

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PROPOSED NEW ARTICLES OF ASSOCIATION
TABLE OF CONTENTS
1	DEFINITIONS .................................................................................................................................... 1
2	LIABILITY OF MEMBERS ................................................................................................................. 4
3	FORM OF RESOLUTION ................................................................................................................. 4
4	EXCLUSION OF MODEL ARTICLES (AND ANY OTHER PRESCRIBED REGULATIONS) .......... 4
5	REGISTERED OFFICE ..................................................................................................................... 4
SHARE CAPITAL ............................................................................................................ 4
6	ALLOTMENT, REDUCTION AND ALTERATION ............................................................................. 4
7	SHARE WARRANTS TO BEARER .................................................................................................. 5
8	COMMISSIONS AND BROKERAGE ................................................................................................ 5
9	TRUSTS NOT RECOGNISED .......................................................................................................... 5
10	VARIATION OF CLASS RIGHTS ..................................................................................................... 6
11	CLASS MEETINGS ........................................................................................................................... 6
12	FRACTIONS ...................................................................................................................................... 6
CERTIFICATED SHARES .............................................................................................. 7
13	RIGHT TO CERTIFICATES .............................................................................................................. 7
14	REPLACEMENT CERTIFICATES .................................................................................................... 8
UNCERTIFICATED SHARES ......................................................................................... 8
15	UNCERTIFICATED SHARES ........................................................................................................... 8
LIEN ON SHARES .......................................................................................................... 9
16	COMPANY'S LIEN ON SHARES NOT FULLY PAID ....................................................................... 9
17	ENFORCEMENT OF LIEN BY SALE ............................................................................................ 10
18	APPLICATION OF SALE PROCEEDS .......................................................................................... 10
19	CALLS ............................................................................................................................................ 10
20	LIABILITY OF JOINT HOLDERS ................................................................................................... 11
21	INTEREST ...................................................................................................................................... 11
22	DIFFERENTIATION ....................................................................................................................... 11
23	PAYMENT IN ADVANCE OF CALLS ............................................................................................ 11
24	RESTRICTIONS IF CALLS UNPAID ............................................................................................. 11
25	SUMS DUE ON ALLOTMENT TREATED AS CALLS ................................................................... 11
FORFEITURE ............................................................................................................... 12
26	FORFEITURE AFTER NOTICE OF UNPAID CALL ...................................................................... 12
27	NOTICE AFTER FORFEITURE ..................................................................................................... 12
28	CONSEQUENCES OF FORFEITURE ........................................................................................... 12
29	DISPOSAL OF FORFEITED SHARE ............................................................................................ 12
30	PROOF OF FORFEITURE ............................................................................................................ 13
UNTRACED MEMBERS ............................................................................................... 13
31	SALE OF SHARES ........................................................................................................................ 13
32	APPLICATION OF SALE PROCEEDS .......................................................................................... 14
TRANSFER OF SHARES ............................................................................................. 14
33	FORM OF TRANSFER .................................................................................................................. 14
34	REGISTRATION OF A CERTIFICATED SHARE TRANSFER ...................................................... 15
35	REGISTRATION OF AN UNCERTIFICATED SHARE TRANSFER .............................................. 15
36	RENUNCIATION OF ALLOTMENTS ............................................................................................. 16
37	NO FEE ON REGISTRATION ....................................................................................................... 16
TRANSMISSION OF SHARES ..................................................................................... 16
38	ON DEATH ..................................................................................................................................... 16
39	ELECTION OF PERSON ENTITLED BY TRANSMISSION .......................................................... 16
40	RIGHTS ON TRANSMISSION ....................................................................................................... 17
GENERAL MEETINGS ................................................................................................. 17
41	GENERAL MEETINGS .................................................................................................................. 17
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42	SIMULTANEOUS ATTENDANCE AND PARTICIPATION BY ELECTRONIC MEANS ................ 18
43	NOTICE OF GENERAL MEETINGS .............................................................................................. 18
44	QUORUM FOR GENERAL MEETING .......................................................................................... 20
45	PROCEDURE IF QUORUM NOT PRESENT ................................................................................ 21
46	CHAIR OF GENERAL MEETING .................................................................................................. 21
47	RIGHTS OF DIRECTORS AND OTHERS TO ATTEND MEETINGS ........................................... 21
48	ACCOMMODATION OF MEMBERS AT MEETING ...................................................................... 21
49	SECURITY ..................................................................................................................................... 22
50	POWER TO ADJOURN ................................................................................................................. 22
51	NOTICE OF ADJOURNED MEETING ........................................................................................... 22
52	BUSINESS OF ADJOURNED MEETING ...................................................................................... 23
VOTING ........................................................................................................................ 23
53	VOTING AT A GENERAL MEETING ............................................................................................. 23
54	POLL PROCEDURE ...................................................................................................................... 23
55	VOTES OF MEMBERS .................................................................................................................. 24
56	CHAIR'S CASTING VOTE ............................................................................................................. 25
57	VOTING RESTRICTIONS ON AN OUTSTANDING CALL ............................................................ 25
58	PROXY INSTRUMENT .................................................................................................................. 25
59	TERMINATION OF PROXY OR CORPORATE AUTHORITY ...................................................... 26
60	CORPORATE REPRESENTATIVES ............................................................................................. 27
61	AMENDMENT TO RESOLUTIONS ............................................................................................... 27
62	OBJECTION TO ERROR IN VOTING ........................................................................................... 28
FAILURE TO DISCLOSE INTERESTS IN SHARES ..................................................... 28
63	FAILURE TO DISCLOSE INTERESTS IN SHARES ..................................................................... 28
APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS ............................. 29
64	NUMBER OF DIRECTORS ........................................................................................................... 29
65	NO SHARE QUALIFICATION ........................................................................................................ 30
66	COMPANY'S POWER TO APPOINT DIRECTORS ...................................................................... 30
67	BOARD'S POWER TO APPOINT DIRECTORS ........................................................................... 30
68	APPOINTMENT OF EXECUTIVE DIRECTORS ........................................................................... 30
69	ELIGIBILITY OF NEW DIRECTORS ............................................................................................. 30
70	ROTATIONAL RETIREMENT AT ANNUAL GENERAL MEETING ............................................... 30
71	POSITION OF RETIRING DIRECTOR .......................................................................................... 31
72	REMOVAL BY ORDINARY RESOLUTION ................................................................................... 31
73	VACATION OF DIRECTOR'S OFFICE .......................................................................................... 31
ALTERNATE DIRECTORS ........................................................................................... 32
74	APPOINTMENT ............................................................................................................................. 32
75	RESPONSIBILITY .......................................................................................................................... 32
76	PARTICIPATION AT BOARD MEETINGS .................................................................................... 32
77	INTERESTS ................................................................................................................................... 33
78	TERMINATION OF APPOINTMENT ............................................................................................. 33
BOARD POWERS ........................................................................................................ 33
79	BOARD POWERS .......................................................................................................................... 33
80	DIRECTORS BELOW THE MINIMUM NUMBER .......................................................................... 33
81	DELEGATION TO EXECUTIVE DIRECTORS .............................................................................. 33
82	DELEGATION TO COMMITTEES ................................................................................................. 34
83	LOCAL MANAGEMENT ................................................................................................................. 34
84	DELEGATION TO AGENTS .......................................................................................................... 34
85	EXERCISE OF VOTING POWER .................................................................................................. 34
86	PROVISION FOR EMPLOYEES ................................................................................................... 35
87	OVERSEAS REGISTERS .............................................................................................................. 35
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88	ASSOCIATE DIRECTORS ............................................................................................................ 35
89	BORROWING POWERS ............................................................................................................... 35
DIRECTORS' REMUNERATION, EXPENSES AND BENEFITS ................................... 36
90	FEES .............................................................................................................................................. 36
91	EXPENSES .................................................................................................................................... 36
92	REMUNERATION OF EXECUTIVE DIRECTORS ........................................................................ 36
93	SPECIAL REMUNERATION .......................................................................................................... 36
94	PENSIONS AND OTHER BENEFITS ............................................................................................ 37
DIRECTORS' PROCEEDINGS ..................................................................................... 37
95	BOARD MEETINGS ....................................................................................................................... 37
96	NOTICE OF BOARD MEETINGS .................................................................................................. 37
97	QUORUM ....................................................................................................................................... 37
98	BOARD CHAIR .............................................................................................................................. 37
99	VOTING .......................................................................................................................................... 38
100	REMOTE PARTICIPATION ........................................................................................................... 38
101	WRITTEN RESOLUTIONS ............................................................................................................ 38
102	COMMITTEE PROCEEDINGS ...................................................................................................... 38
103	MINUTES ....................................................................................................................................... 38
104	VALIDITY OF PROCEEDINGS ...................................................................................................... 39
INTERESTS OF DIRECTORS ...................................................................................... 39
105	PERMITTED INTERESTS ............................................................................................................. 39
106	DISCLOSURE OF INTERESTS TO BOARD ................................................................................. 39
107	INTERESTED DIRECTOR NOT TO VOTE OR COUNT FOR QUORUM ..................................... 39
108	DIRECTOR'S INTEREST IN OWN APPOINTMENT ..................................................................... 40
109	CONCLUSIVE RULINGS ON DIRECTORS' INTERESTS ............................................................ 40
110	CONNECTED PERSONS .............................................................................................................. 40
111	SUSPENSION OR RELAXATION OF PROVISIONS CONCERNING DIRECTORS'
INTERESTS ................................................................................................................................... 41
SECRETARY ................................................................................................................ 42
112	SECRETARY ................................................................................................................................. 42
SEALS AND DOCUMENT AUTHENTICATION ............................................................ 42
113	SAFE CUSTODY ........................................................................................................................... 42
114	APPLICATION OF SEAL ............................................................................................................... 42
115	OFFICIAL SEAL FOR USE ABROAD ........................................................................................... 43
116	DIRECTORS OR SECRETARY TO AUTHENTICATE OR CERTIFY ........................................... 43
DIVIDENDS AND OTHER PAYMENTS ........................................................................ 43
117	DECLARATION .............................................................................................................................. 43
118	INTERIM DIVIDENDS .................................................................................................................... 43
119	ENTITLEMENT TO DIVIDENDS .................................................................................................... 43
120	PAYMENT METHODS ................................................................................................................... 44
121	DEDUCTIONS ................................................................................................................................ 44
122	INTEREST ...................................................................................................................................... 45
123	UNCLAIMED DIVIDENDS ............................................................................................................. 45
124	UNCASHED DIVIDENDS .............................................................................................................. 45
125	DIVIDENDS IN KIND ...................................................................................................................... 45
126	SCRIP DIVIDENDS ........................................................................................................................ 45
127	RESERVES .................................................................................................................................... 47
128	CAPITALISATION OF PROFITS AND RESERVES ...................................................................... 47
RECORD DATES ......................................................................................................... 48
129	BOARD TO FIX DATE ................................................................................................................... 48
ACCOUNTS .................................................................................................................. 48
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130	ACCESS TO ACCOUNTING RECORDS ...................................................................................... 48
131	DISTRIBUTION OF ANNUAL ACCOUNTS ................................................................................... 48
NOTICES ...................................................................................................................... 48
132	FORMS OF NOTICES ................................................................................................................... 48
133	SERVICE ON MEMBERS .............................................................................................................. 48
134	NOTICES BY ADVERTISEMENT .................................................................................................. 50
135	EVIDENCE OF GIVING NOTICE ................................................................................................... 50
136	NOTICE BINDING ON TRANSFEREES ........................................................................................ 51
137	NOTICE TO PERSONS ENTITLED BY TRANSMISSION ............................................................ 51
DOCUMENT DESTRUCTION ....................................................................................... 51
138	DOCUMENT DESTRUCTION ....................................................................................................... 51
INDEMNITY .................................................................................................................. 52
139	RIGHT TO INDEMNITY ................................................................................................................. 52
140	POWER TO INSURE ..................................................................................................................... 53
AUDITORS ................................................................................................................... 54
141	VALIDITY OF AUDITOR'S ACTS .................................................................................................. 54
142	AUDITOR'S RIGHT TO ATTEND GENERAL MEETINGS ............................................................ 54
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