Liontrust Asset Management : Proposed New Articles of Association on 19 August 2021

DRAFT (3): 11 August 2021

Company Number: 02954692

THE COMPANIES ACT 2006

PUBLIC COMPANY LIMITED BY SHARES

ARTICLES OF ASSOCIATION

of

LIONTRUST ASSET

MANAGEMENT PLC

(Adopted by special resolution

passed on [23] September 2021)

L_LIVE_EMEA1:50708502v5

	CONTENTS
1.	Exclusion of model regulations ..........................................................................................	1
2.	Interpretation .....................................................................................................................	1
3.	Liability of Members...........................................................................................................	3
4.	Name.................................................................................................................................	3
5.	Share rights .......................................................................................................................	3
6.	Redeemable shares...........................................................................................................	4
7.	Variation of rights...............................................................................................................	4
8.	Allotment of shares and sale of treasury shares ................................................................	4
9.	Commissions .....................................................................................................................	6
10.	Non-recognition of trusts and other equitable interests ......................................................	6
11.	Share certificates...............................................................................................................	6
12.	Shares in uncertificated form .............................................................................................	7
13.	Lien ...................................................................................................................................	8
14.	Calls on shares..................................................................................................................	8
15.	Forfeiture of shares............................................................................................................	9
16.	Share warrants ................................................................................................................	11
17.	Disclosure of interests .....................................................................................................	11
18.	Transfer of shares ...........................................................................................................	13
19.	Transmission of shares....................................................................................................	14
20.	Untraced shareholders ....................................................................................................	15
21.	Fractions of shares ..........................................................................................................	16
22.	General meetings ............................................................................................................	16
23.	Proceedings at general meetings.....................................................................................	19
24.	Amending resolutions ......................................................................................................	22
25.	Method of voting and demand for poll ..............................................................................	22
26.	Votes of Members ...........................................................................................................	23
27.	Proxies ............................................................................................................................	24
28.	Number of directors and shareholding qualification .........................................................	27
29.	Appointment and removal of directors..............................................................................	27

Corporate/106033-00010/MC/LW09

i

L_LIVE_EMEA1:50708502v5

30.	Remuneration of directors................................................................................................	28
31.	Additional remuneration and expenses ............................................................................	28
32.	Executive directors ..........................................................................................................	28
33.	Disqualification of directors ..............................................................................................	29
34.	Retirement of directors ....................................................................................................	29
35.	Alternate directors ...........................................................................................................	30
36.	Directors' interests ...........................................................................................................	31
37.	Powers of the Board ........................................................................................................	36
38.	Delegation of Board's powers ..........................................................................................	36
39.	Directors' gratuities and pensions ....................................................................................	37
40.	Subsidiaries .....................................................................................................................	38
41.	Borrowing powers............................................................................................................	38
42.	Proceedings of the Board ................................................................................................	41
43.	Administrative Provisions.................................................................................................	43
44.	Dividends and other payments ........................................................................................	44
45.	Reserves .........................................................................................................................	48
46.	Capitalisation of reserves and profits ...............................................................................	49
47.	Avoidance of discounts on exercise of employees' share options ....................................	49
48.	Books, records and registers ...........................................................................................	50
49.	Accounting records ..........................................................................................................	50
50.	Service of documents and other information ....................................................................	50
51.	Destruction of documents ................................................................................................	53
52.	Secrecy ...........................................................................................................................	54
53.	Employees.......................................................................................................................	54
54.	Winding up ......................................................................................................................	54
55.	Indemnity.........................................................................................................................	55
56.	Insurance.........................................................................................................................	55

Corporate/106033-00010/MC/LW09

ii

L_LIVE_EMEA1:50708502v5

Company Number: 02954692

THE COMPANIES ACT 2006

PUBLIC COMPANY LIMITED BY SHARES

ARTICLES OF ASSOCIATION

of

LIONTRUST ASSET MANAGEMENT PLC

(Adopted by special resolution passed on [23] September 2021)

1. Exclusion of model regulations

1.1 No regulations set out in any statute or statutory instrument concerning companies apply as regulations or articles of the Company.

2. Interpretation

2.1 In these Articles unless the context otherwise requires:

"2006 Act" means the Companies Act 2006, as amended.

"these Articles" means these articles of association in their present form or as from time to time altered.

"Auditors" means the auditors from time to time of the Company.

"Authenticated" means (subject to section 1146 of the 2006 Act) authenticated in such manner as the Board may decide.

"Board" means the board of Directors from time to time of the Company or the Directors present at a meeting of Directors at which a quorum is present.

"clear days" means, for a period of notice, that period commencing on (but excluding) the day on which the notice is served, or deemed served, and ending on (but excluding) the day for which it is given, or on which it is to take effect.

"Companies Acts" means the 2006 Act, the Uncertificated Securities Regulations and every statute including any orders, regulations and other subordinate legislation made

Corporate/106033-00010/MC/LW09

1

L_LIVE_EMEA1:50708502v3

under it from time to time in force concerning companies insofar as the same applies to the Company.

"Company" means Liontrust Asset Management plc.

"Director" means a director of the Company.

"electronic communication" means a communication in electronic form, and any other form of electronic communication, as defined by the Electronic Communications Act 2000.

"electronic facility" includes, without limitation, website addresses and conference call systems, and any device, system, procedure, method or other facility providing an electronic means of attendance at and/or participation in a general meeting decided by the Directors under these Articles and available for that meeting.

"electronic form" and "electronic means" have the meanings given to them in section 1168 of the 2006 Act.

"FCA" means the Financial Conduct Authority acting its capacity as the competent authority for the purposes of Part VI of the Financial Services and Markets Act 2000.

"hard copy form" has the meaning given to it in section 1168 of the 2006 Act.

"hybrid meeting" means a general meeting hosted on an electronic facility, where the meeting is physically hosted at a specific location simultaneously.

"London Stock Exchange" means London Stock Exchange plc.

"Member" in relation to shares means the member whose name is entered in the Register as the holder of the shares.

"month" means a calendar month.

"Office" means the registered office of the Company.

"paid up" means paid up or credited as paid up.

"Register" means the register of Members of the Company.

"relevant system" has the meaning given to it by the Uncertificated Securities Regulations.

"satellite meeting" where a general meeting is held in more than one venue simultaneously with those attending at different venues being able to communicate with each other by electronic means, the meeting at any venue where the chair is not physically present is known as a satellite meeting.

"Seal" means the common seal of the Company or any official seal that the Company may be permitted to have under the Companies Acts.

"Secretary" means the secretary of the Company and includes a joint, deputy, temporary or assistant secretary and any other person appointed by the Board to perform any of the duties of the secretary.

"Uncertificated Securities Regulations" means the Uncertificated Securities Regulations 2001, as amended or re-enacted from time to time.

Corporate/106033-00010/MC/LW09

2

L_LIVE_EMEA1:50708502v3