Augean : Draft New Augean Articles of Association

Articles of Association

Augean PLC

as Company

(Company No. 5199719)

Adopted by special resolution passed on [⚫] 2021

	CONTENTS
CLAUSE		PAGE
ARTICLES OF ASSOCIATION.................................................................................................	1
1.	EXCLUSION OF TABLE A ..........................................................................................	1
2.	DEFINITIONS AND INTERPRETATION ........................................................................	1
3.	FORM OF RESOLUTION ............................................................................................	3
4.	SHARE CAPITAL ......................................................................................................	3
5.	VARIATION OF RIGHTS............................................................................................	5
6.	ALTERATION OF CAPITAL .........................................................................................	6
7.	SHARE CERTIFICATES .............................................................................................	7
8.	CALLS ON SHARES..................................................................................................	9
9.	LIEN ON SHARES ...................................................................................................	10
10.	FORFEITURE AND SURRENDER OF SHARES ...............................................................	11
11.	SHARE WARRANTS.................................................................................................	12
12.	TRANSFER OF SHARES ...........................................................................................	13
13.	DESTRUCTION OF DOCUMENTS ...............................................................................	14
14.	UNTRACED SHAREHOLDERS....................................................................................	15
15.	TRANSMISSION OF SHARES....................................................................................	16
16.	SUSPENSION OF RIGHTS WHERE NON-DISCLOSURE OF INTERESTS ............................	17
17.	GENERAL MEETINGS ..............................................................................................	19
18.	NOTICE OF GENERAL MEETINGS..............................................................................	19
19.	PROCEEDINGS AT GENERAL MEETINGS ....................................................................	21
20.	VOTING ................................................................................................................	23
21.	VOTES OF MEMBERS ..............................................................................................	25
22.	PROXIES...............................................................................................................	26
23.	CORPORATION ACTING BY REPRESENTATIVES ..........................................................	28
24.	NUMBER, APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS .........................	29
25.	DIRECTORS' REMUNERATION ..................................................................................	32
26.	PRESIDENT ...........................................................................................................	33
27.	POWERS AND DUTIES OF DIRECTORS ......................................................................	33
28.	ALTERNATE DIRECTORS .........................................................................................	35
29.	MEETINGS AND PROCEEDINGS OF DIRECTORS .........................................................	36
30.	DIRECTORS' INTERESTS .........................................................................................	37
31.	SECRETARY...........................................................................................................	41
32.	AUTHENTICATION OF DOCUMENTS ..........................................................................	41
33.	THE SEAL/EXECUTION OF DOCUMENTS ....................................................................	41
34.	MINUTES AND BOOKS ............................................................................................	42
35.	ACCOUNTS............................................................................................................	42
36.	AUDITORS ............................................................................................................	43
37.	DIVIDENDS ...........................................................................................................	43
38.	RESERVES ............................................................................................................	48
39.	CAPITALISATION OF RESERVES...............................................................................	48
40.	DOCUMENTS, INFORMATION AND NOTICES ..............................................................	49
41.	WINDING UP .........................................................................................................	53
42.	INDEMNITY FOR DIRECTORS AND OFFICERS.............................................................	53
43.	INSURANCE FOR DIRECTORS AND OFFICERS ............................................................	54
44.	DEFENCE EXPENDITURE .........................................................................................	54
45.	SCHEME OF ARRANGEMENT ....................................................................................	54

ARTICLES OF ASSOCIATION

OF

AUGEAN PLC

1. EXCLUSION OF TABLE A
   No regulations for the management of the Company set out in any schedule of or otherwise contained or incorporated in any statute or other instrument having statutory force shall apply to the Company and the following shall be the Articles of Association of the Company.
2. DEFINITIONS AND INTERPRETATION

2.1 Definitions

In these Articles

"address" in relation to a communication made by electronic means includes any number or address used for the purposes of that communication (including, without limitation, in the case of an Uncertificated Proxy Instruction (as defined in Article 22.10 (Meaning of Uncertificated Proxy Instruction)) an identification number of a participant in the Relevant System concerned);

"AIM" means AIM a market operated by the London Stock Exchange; "Articles" means these Articles of Association as from time to time altered;

"Board" means the board of Directors or the Directors present or deemed present at a duly convened meeting of the Directors at which a quorum is present;

"CA85" means the Companies Act 1985; "CA06" means the Companies Act 2006;

"certificated" means, in relation to any share or other security of the Company, that it is not held or to be held in uncertificated form;

"clear days" means in relation to a period of notice the period excluding the day on which the notice is given or deemed to have been given and the day for which it is given or on which it is to take effect;

"Director" means a director of the Company; "electronic form" has the meaning given in the CA06;1; "electronic" means has the meaning given in the CA06; "executed" means any mode of execution;

"financial institution" means any financial institution as that expression is defined in s185 CA85;

"hard copy" has the meaning given in the CA06;

"holder" means in relation to shares the person entered in the Register and "shareholder" and "member" shall be construed accordingly;

"month" means calendar month;

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"Office" means the registered office of the Company for the time being;

"London Stock Exchange" means the London Stock Exchange plc or other principal stock exchange in the United Kingdom for the time being;

"Ordinary Shares" has the meaning given in Article 4.1 (Division of share capital);

"paid up" means paid or credited as paid-up;

"record date" has the meaning given in Article 37.14 (Record dates);

"Register" means, in relation to a certificated share or the holder of it, the register of members maintained by the Company and, in relation to an uncertificated share or the holder of it, the register of members of the Company maintained by the operator of the Relevant System through which title to that share is evidenced and transferred and "registered" shall be construed accordingly;

"Regulations" means the Uncertificated Securities Regulations 2001 as amended or replaced from time to time and any subordinate legislation or rules made under them for the time being in force;

"Relevant System" means any computer-based system, and procedures, permitted by the Regulations and the rules of AIM and the rules of the London Stock Exchange, which enable title to units of a security to be evidenced and transferred without a written instrument and which facilitate supplementary and incidental matters;

"Seal" means the common seal (if any) of the Company and the Securities Seal (if any) or either of them as the case may require;

"Secretary" means the Secretary of the Company or any other person appointed to perform the duties of the Secretary of the Company including (subject to the provisions of the CA85) a joint, deputy or assistant Secretary;

"Securities Seal" means the official seal (if any) kept by the Company under the provisions of s40 CA85;

"Statutes" means the CA85, the CA06 and every other statute (and any subordinate legislation, order or regulations made under any of them) concerning companies and affecting the Company (including, without limitation, the Regulations), in each case, as they are for the time being in force;

"Subsidiary" means a subsidiary and/or subsidiary undertaking of the Company as each of the terms are defined in the CA85;

"uncertificated" means in relation to any share or other security of the Company that title to it is evidenced and transferred or to be evidenced and transferred by means of a Relevant System;

"United Kingdom" means Great Britain and Northern Ireland,

"working day" has the meaning given in the CA06;

"writing" includes handwriting, typewriting, printing, lithography, photocopying and other modes of representing or reproducing words in legible and non-transient form including, unless provided otherwise, by electronic means or in electronic form; and

"year" means calendar year.

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1. Meaning of References
   In these Articles, unless the context otherwise requires, any reference to
2. 1. the masculine, feminine or neuter gender respectively includes the other genders and any reference to the singular includes the plural (and vice versa);
   2. a person includes any individual, firm, company, corporation, government state or agency of state or any association, trust or partnership (whether or not having a separately legal personality); and
   3. a statute or statutory provision includes any consolidation or re-enactment, modification or replacement of the same, any statute or statutory provision of which it is a consolidation, re-enactment, modification or replacement and any subordinate legislation in force under any of the same from time to time.
3. Headings and table of contents
   In these Articles, the table of contents and headings are included for convenience only and shall not affect the interpretation or construction of these Articles.
4. Definitions from the Statutes
   Unless the context otherwise requires, any words and expressions defined in the Statutes and not defined in these Articles shall have the meanings given to them in the Statutes.
5. Electronic signature
   Where pursuant to any provision of these Articles any notice, appointment of proxy or other document which is in electronic form is required to be signed or executed by or on behalf of any person, that signature or execution includes the affixation by or on behalf of that person of an electronic signature (as defined in s7(2) Electronic Communications Act 2000) in such form as the Directors may approve.

1. FORM OF RESOLUTION
   A special resolution shall be effective for any purpose for which an ordinary resolution is expressed to be required under any provision of these Articles.
2. SHARE CAPITAL

1. Division of share capital
   The authorised share capital of the Company at the date of adoption of these Articles is £10,050,000 divided into 100,500,000 Ordinary shares of £0 10 each ("Ordinary Shares").
2. Rights attached to shares
   Subject to the provisions of the Statutes and without prejudice to any rights for the time being conferred on the holders of any class of shares (which rights shall not be vaned or abrogated except with any consent or sanction as is required by Article 5 (Variation of rights)), any share in the Company may be issued with such preferred, deferred or other rights, or such restrictions, whether in regard to dividend, return of capital, voting or otherwise as the Company may from time to time by ordinary resolution determine (or failing any such determination as the Directors may determine).

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