Elect half of the members of the supervisory board, and so

Employees have greater representation on the board.

I hope these remarks are of use to you, Please do not

Hesitate to contact me should you have any further

Questions.

Yours sincerely

Max Appleby

False 2 False 3 True

A school of thought that believes that (legal)

Documents should be written so that they can be

Understood the first time they are read,

Because the language of law is conservative and text

Based, and has a tendency to stick to tradition.

That lawyers deliberately keep the language difficult to

Understand so that there is more need for their services.

18 Passive verbs: may be issued; received; may be

Transferred; shall be divided; shall be entitled; declared;

Shall be paid; (shall be) set apart; shall first have been

Paid; (shall first have been) declared; (shall first have

Been) set apart; shall be distributed

Archaic words and expressions: thereto; thereon; per

Annum; thereof

19 such amounts: those amounts or any amounts

such dividends: these dividends or dividends of this kind

such payment dates: these payment dates or the payment

Dates mentioned

C 2 b 3 a 4 e 5 d 6 f

Thereto 2 therein 3 therewith 4 therefor; thereof

Thereon 6 thereof

23 as far as I'm concerned, In my opinion, The way they see

It, I think, To my mind

Opinion 2 see 3 mind 4 my 5 ask 6 pOint

Concerned 8 think 9 seems 10 firmly 11 me

Would

The new law specifies that companies are permitted to

Buy back their own shares and hold them in treasury

Rather than having to cancel them. (Paragraph 3).

It has been enacted to assist companies amend their

Share capital without incurring the costs of cancelling and

Re-issuing shares that exist under current legislation. The

New law will also bring the UK into line with other EEA

Countries. (Paragraph 5).

27 The six limits are:

() It only applies to shares listed on London Stock

Exchange's official list, AIM or comparable EEA market.

Shares must be held in treasury until they are resold

Or transferred to an employee share scheme.

\) Companies must buy back shares out of distributable

Reserves.

0 Bought-back shares must not at any time exceed 10%

Of issued share capital.

Surplus shares must be disposed of within 12 months.

While in treasury, shares have no voting rights and are

Not entitled to dividends.

Share(s)

Under 2 to 3 into 4 to 5 to 6 into; with

Language Focus

Conversely 3 discretionary 4 suggest 5 therefor

Postpone

Of; from 3 for; under 4 in; with 5 on; by; to

Into

Unlikely 3 irrespective 4 illegal 5 abnormal

Unlimited 7 unrestricted 8 indirect 9 informal

Incomparable

F pre-emption 3 i refusal 4 d consolidation

G division 6 c resolution 7 a diversification

B amendment 9 h reliance

5 We wish you a Merry Christmas and a Happy New Year!

Un 4

D 2b 3e 4c 5f 6g 7a

Acquired company 2 friendly takeover 3 target

Voluntary liquidation 5 insolvent

C2c3b

False 2 True 3 True 4 False 5 True 6 True

6 1 to introduce myself 2 I'm with the 3 be speaking

About 4 going to tell 5 interrupt me 6 overview of

Few comments on 8 deal with 9 discuss

Have time for 11 move on to 12 conclude with

Discussion

7 a: 1,2

b: 3,4,6, 7,8,9, 11,12

c: 5, 10, 13

A spin-off is any distribution by a corporation to its

Shareholders of one of its two or more businesses

(paragraph 1).

A 4 b 3 c 1 d 2

Date: 2015-12-11; view: 1105