Jarvis Securities : Articles of Association of Jarvis Securities

DATED

2021

THE COMPANIES ACTS 1985 TO 2006

PUBLIC COMPANY LIMITED BY SHARES

_______________________________________________________________________

ARTICLES OF ASSOCIATION

of:

JARVIS SECURITIES PLC

(Adopted by Special Resolution passed on [date] 2021)

_______________________________________________________________________

THE COMPANIES ACTS 1985 AND 2006

PUBLIC COMPANY LIMITED BY SHARES

ARTICLES OF ASSOCIATION

OF

JARVIS SECURITIES PLC

Company registration number 05107012

(Adopted by special resolution passed on [date] 2021)

	COMPANY LIMITED BY SHARES
	INDEX TO THE ARTICLES
PRELIMINARY ....................................................................................................................	1
1	Exclusion of other regulations...................................................................................	1
2	Interpretation ............................................................................................................	1
3	Limited liability ..........................................................................................................	4
4	Unrestricted objects..................................................................................................	5
5	Change of name.......................................................................................................	5
6	Situation of registered office .....................................................................................	5
SHARE CAPITAL.................................................................................................................	5
7	Power to attach rights...............................................................................................	5
8	Redeemable shares .................................................................................................	5
9	Allotment ..................................................................................................................	5
10	Renunciation of allotment .........................................................................................	5
11	Power to pay commission and brokerage .................................................................	5
12	Trusts not recognised ...............................................................................................	6
VARIATION OF RIGHTS .....................................................................................................	6
13	Manner of variation of rights .....................................................................................	6
14	Class meetings.........................................................................................................	6
15	Sub-division..............................................................................................................	7
16	Fractions ..................................................................................................................	7
UNCERTIFICATED SHARES ..............................................................................................	8
17	Shares in uncertificated form ....................................................................................	8
SHARE CERTIFICATES......................................................................................................	9
18	Issue of share certificates .........................................................................................	9
20	Form of share certificate.........................................................................................	10
23	Replacement share certificates ..............................................................................	10
LIEN ON SHARES.............................................................................................................	11
24	Company's lien on shares not fully paid .................................................................	11
25	Sale of shares subject to lien..................................................................................	11
26	Application of proceeds of sale...............................................................................	11
CALLS ON SHARES .........................................................................................................	12

27	Calls .......................................................................................................................	12
29	Timing of calls ........................................................................................................	12
30	Liability of joint holders ...........................................................................................	12
31	Interest on overdue amounts ..................................................................................	12
32	Deemed calls .........................................................................................................	13
33	Power to differentiate between holders...................................................................	13
34	Payment in advance of calls ...................................................................................	13
FORFEITURE....................................................................................................................	13
35	Notice on failure to pay a call..................................................................................	13
36	Forfeiture for non-compliance.................................................................................	13
37	Notice after forfeiture ..............................................................................................	14
38	Disposal of forfeited share ......................................................................................	14
39	Effect of forfeiture ...................................................................................................	14
40	Extinction of claims.................................................................................................	15
41	Evidence of forfeiture..............................................................................................	15
42	Surrender ...............................................................................................................	15
TRANSFER OF SHARES ..................................................................................................	15
43	Form of transfer......................................................................................................	15
44	No fee on registration .............................................................................................	16
45	board's power to refuse registration........................................................................	16
46	Renunciation ..........................................................................................................	17
UNCERTIFICATED HOLDINGS ........................................................................................	18
TRANSMISSION OF SHARES ..........................................................................................	19
47	Transmission on death ...........................................................................................	19
48	Entry of transmission in the Register ......................................................................	19
49	Election by persons entitled by transmission ..........................................................	19
50	Rights of persons entitled by transmission..............................................................	19
UNTRACEABLE SHAREHOLDERS ..................................................................................	20
51	Power of sale .........................................................................................................	20
52	Application of proceeds of sale...............................................................................	21
SUSPENSION OF RIGHTS ATTACHING TO SHARES ....................................................	21
53	Suspension of rights where non-disclosure of interest ............................................	21
GENERAL MEETINGS ......................................................................................................	23
54	Annual general meetings........................................................................................	23
55	General meetings other than annual general meetings...........................................	23
56	Simultaneous attendance and participation by electronic facilities ..........................	24
NOTICE OF GENERAL MEETINGS ..................................................................................	25
57	Notice of general meetings .....................................................................................	25
58	Accidental omission to give notice ..........................................................................	26
59	Postponement of general meetings ........................................................................	26
PROCEEDINGS AT GENERAL MEETINGS......................................................................	27
60	Quorum ..................................................................................................................	27
61	Procedure if quorum not present ............................................................................	27
62	Chairman................................................................................................................	28
63	Entitlement to attend and speak .............................................................................	28
64	Power to adjourn ....................................................................................................	28
65	Notice of adjourned meeting...................................................................................	29
66	Accommodation of members, security arrangements and orderly conduct at general
	meetings.................................................................................................................	29
VOTING AND POLLS ........................................................................................................	30
67	Method of voting.....................................................................................................	30

68	Chairman's declaration conclusive on a show of hands..........................................	31
69	Objection to or error in voting .................................................................................	31
70	Amendments to resolutions ....................................................................................	31
71	Procedure on a poll ................................................................................................	31
72	Votes of members ..................................................................................................	32
73	Restrictions on voting rights....................................................................................	33
PROXIES AND CORPORATE REPRESENTATIVES ........................................................	33
74	Entitlement to appoint a proxy ................................................................................	33
75	Rights of proxy .......................................................................................................	33
76	Method and delivery of proxy appointment .............................................................	33
77	Validity of proxy appointment..................................................................................	35
78	Termination of proxy's authority..............................................................................	35
79	Corporate representatives ......................................................................................	36
80	No obligation to verify proxy or representative acting as instructed ........................	36
APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS..................................	36
81	Number of Directors ...............................................................................................	36
82	Power of Company to appoint Directors .................................................................	36
83	Power of Board to appoint Directors .......................................................................	37
84	Appointment of executive Directors ........................................................................	37
85	Eligibility for appointment as a Director...................................................................	37
86	Resolution for appointment of two or more Directors ..............................................	37
87	Appointment and Retirement of Directors ...............................................................	38
88	Removal by ordinary resolution ..............................................................................	38
89	Vacation of office....................................................................................................	39
ALTERNATE DIRECTORS ................................................................................................	40
90	Appointment and termination of appointment of an alternate Director.....................	40
91	Rights and responsibilities of an alternate Director .................................................	40
DIRECTORS' REMUNERATION, EXPENSES AND PENSIONS.......................................	41
92	Directors' fees ........................................................................................................	41
93	Additional remuneration..........................................................................................	41
94	Remuneration of executive Directors......................................................................	41
95	Reimbursement of expenses ..................................................................................	42
96	Pensions and other benefits ...................................................................................	42
POWERS AND DUTIES OF DIRECTORS.........................................................................	42
97	General powers ......................................................................................................	42
98	Power of Directors if number falls below minimum .................................................	42
99	Delegation to individual Directors ...........................................................................	43
100	Delegation to committees .......................................................................................	43
101	Local and divisional management ..........................................................................	43
102	Agents ....................................................................................................................	44
103	Exercise of voting rights .........................................................................................	44
104	Provision for employees .........................................................................................	44
105	Signing of cheques etc. ..........................................................................................	44
106	Overseas registers .................................................................................................	44
107	Offices including the title 'Director'..........................................................................	45
108	Borrowing powers...................................................................................................	45
PROCEEDINGS OF DIRECTORS.....................................................................................	49
109	Meetings of the Board ............................................................................................	49
110	Notice of meeting of the Board ...............................................................................	49
111	Quorum ..................................................................................................................	49
112	Chairman of the Board ...........................................................................................	50

113	Voting.....................................................................................................................	50
114	Participation by telephone or video conference ......................................................	50
115	Resolution in writing ...............................................................................................	50
116	Validity of proceedings ...........................................................................................	51
DIRECTORS' INTERESTS AND CONFLICTS OF INTEREST ..........................................	51
117	Authorisation of conflicts of interest ........................................................................	51
118	Confidential information and attendance at meetings of the Board .........................	52
119	Permitted interests .................................................................................................	53
120	No liability to account..............................................................................................	54
121	Quorum and voting requirements ...........................................................................	54
122	General ..................................................................................................................	56
SECRETARY .....................................................................................................................	56
123	Secretary................................................................................................................	56
THE SEAL .........................................................................................................................	57
124	Custody and use of the Seal...................................................................................	57
125	Execution of instruments having the same effect as if executed under seal any
	instrument signed: ..................................................................................................	57
AUTHENTICATION OF DOCUMENTS AND MINUTES.....................................................	57
126	Authentication of documents ..................................................................................	57
127	Minutes and books .................................................................................................	58
DIVIDENDS .......................................................................................................................	58
128	Declaration of dividends .........................................................................................	58
129	Fixed and interim dividends ....................................................................................	58
130	Dividend in specie ..................................................................................................	59
131	Calculation and currency of dividends ....................................................................	59
132	No interest on dividends .........................................................................................	59
133	Permitted deductions and retentions ......................................................................	60
134	Manner of payment of dividends.............................................................................	60
135	Discharge to the Company and risk........................................................................	61
136	Uncashed dividends ...............................................................................................	61
137	Unclaimed dividends ..............................................................................................	61
138	Waiver of dividends ................................................................................................	61
139	Scrip dividends .......................................................................................................	61
RESERVES .......................................................................................................................	64
140	Establishment of reserves ......................................................................................	64
CAPITALISATION OF PROFITS .......................................................................................	64
141	Capitalisation issue ................................................................................................	64
RECORD DATES ..............................................................................................................	65
142	Fixing of record dates .............................................................................................	65
ACCOUNTS AND AUDITORS ...........................................................................................	65
143	Inspection of records ..............................................................................................	65
144	Annual accounts and summary financial statements ..............................................	65
145	Validity of Auditors' acts .........................................................................................	66
NOTICES...........................................................................................................................	66
146	Notices to be in writing ...........................................................................................	66
147	Method of giving notice to members .......................................................................	66
148	Notice to persons entitled by transmission..............................................................	67
149	Record date for service ..........................................................................................	68
150	Evidence of service ................................................................................................	68
151	Notice during disruption of services ........................................................................	69
DESTRUCTION OF DOCUMENTS ...................................................................................	70