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    OIT   GB00BFFK7H57

ODYSSEAN INVESTMENT TRUST PLC

(OIT)
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Odyssean Investment Trust : Proposed new Articles of Association 2021

05/28/2021 | 10:33am EST

CN: 11121934

THE COMPANIES ACT 2006

A PUBLIC COMPANY LIMITED BY SHARES

ARTICLES OF ASSOCIATION

OF

ODYSSEAN INVESTMENT TRUST PLC

Adopted by special resolution passed on

7 February 20182021

Legal02#51290913v2[EMTLegal02#90352188v1[LJD01]

INDEX

Heading

Page

PRELIMINARY

1

1.

Articles not to apply

1

2.

Interpretation

1

CHANGE OF NAME

7

3.

Change of name by resolution of the board

7

SHARE CAPITAL

7

4.

Limited liability

7

5.

Rights attaching to Shares

7

6.

Redemption of management shares

10

7.

Redemption of deferred shares

10

8.

Class consents and variation of rights

10

9.

C shares

11

10.

Conversion of C shares

11

11.

Further issues

12

12.

Allotment

12

13.

Redeemable shares

13

14.

Share warrants to bearer

13

15.

Commission and brokerage

13

16.

Trusts not to be recognised

13

17.

Certificated and uncertificated shares

13

SHARE CERTIFICATES

15

18.

Right to certificates

15

19.

Replacement certificates

16

LIEN ON SHARES

16

20.

Lien on shares not fully paid

16

21.

Enforcement of lien by sale

16

22.

Application of proceeds of sale

16

CALL ON SHARES

17

23.

Calls

17

24.

Liability of joint holders

17

25.

Interest on calls

17

26.

Rights of member when call unpaid

17

27.

Sums due on allotment treated as calls

17

28.

Power to differentiate

17

29.

Payment in advance of calls

18

FORFEITURE OF SHARES

18

30.

Notice if call not paid

18

31.

Forfeiture for non-compliance

18

32.

Notice after forfeiture

18

Legal02#51290913v2[EMTLegal02#90352188v1[LJD01]

PAGE 2

33.

Forfeiture may be annulled

18

34.

Surrender

18

35.

Disposal of forfeited shares

18

36.

Effect of forfeiture

19

37.

Extinction of claims

19

38.

Evidence of forfeiture

19

TRANSFER OF SHARES

19

39.

Form of transfer

19

40.

Right to refuse registration

19

41.

Notice of and reasons for refusal

20

42.

Fees on registration

20

43.

Information rights and forced transfers

20

44.

Other powers in relation to transfers

22

TRANSMISSION OF SHARES

22

45.

On death

22

46.

Election of person entitled by transmission

22

47.

Rights on transmission

22

DESTRUCTION OF DOCUMENTS

23

48.

Destruction of documents

23

ALTERATION OF SHARE CAPITAL

23

49.

Increase, consolidation, sub-division and redenomination

23

50.

Fractions

24

51.

Reduction of capital

24

52.

Treasury shares

24

VARIATION OF CLASS RIGHTS

24

53.

Sanction to variation

25

54.

Class meetings

25

55.

Deemed variation

25

MEETINGS OF MEMBERS

25

56.

Annual general meetings

25

57.

Convening of general meetings

25

58.

Simultaneous attendance and participation by electronic facilities

26

59.

Notice of general meetings

27

60.

Omission to send notice or non-receipt of notice

28

61.

Postponement of general meetings and alternative arrangements for general meetings

28

PROCEEDINGS AT GENERAL MEETINGS

28

62.

Quorum

28

63.

If quorum not present

29

64.

Chairman

29

65.

Entitlement to attend and speak

29

66.

Power to adjourn

29

Legal02#51290913v2[EMTLegal02#90352188v1[LJD01]

PAGE 3

67.

Notice of adjourned meeting

30

68.

Business of adjourned meeting

30

69.

Accommodation of members and security arrangements

30

70.

Orderly conduct

31

VOTING AND POLLS

31

71.

Method of voting

31

72.

Chairman's declaration conclusive on show of hands

32

73.

Objection to or error in voting

32

74.

Amendment to resolutions

32

75.

Procedure on a poll

32

76.

Votes of members

33

77.

Votes of joint holders

33

78.

Votes of member suffering incapacity

33

PROXIES AND CORPORATE REPRESENTATIVES

33

79.

Voting by proxy

33

80.

Form of proxy

34

81.

Deposit or receipt of proxy

35

82.

Maximum validity of proxy and revocation of proxy

35

83.

Corporate representatives

36

84.

Validity of votes by proxies and corporate representatives

36

85.

Failure to disclose interests in shares

36

UNTRACED MEMBERS

38

86.

Power of sale

38

87.

Application of proceeds of sale

39

APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS

39

88.

Number of Directors

39

89.

Power of Company to appoint Directors

39

90.

Power of Board to appoint Directors

39

91.

Eligibility of new Directors

40

92.

Share qualification

40

93.

Resolution for appointment of two or more Directors

40

94.

Retirement at annual general meetings

40

95.

Position of retiring Director

41

96.

Deemed re-appointment

41

97.

Removal by ordinary resolution

41

98.

Vacation of office by Director

41

99.

Resolution as to vacancy conclusive

42

ALTERNATE DIRECTORS

42

100.

Appointments

42

101.

Participation in Board meetings

42

102.

Alternate Director responsible for own acts

42

Legal02#51290913v2[EMTLegal02#90352188v1[LJD01]

PAGE 4

103.

Interests of alternate Director

42

104.

Revocation of appointment

42

DIRECTORS' REMUNERATION, EXPENSES AND PENSIONS

43

105.

Directors' fees

43

106.

Expenses

43

107.

Additional remuneration

43

108.

Pensions and other benefits

43

POWERS AND DUTIES OF THE BOARD

44

109.

Powers of the Board

44

110.

Powers of Directors if less than minimum number

44

111.

Powers of executive Directors

44

112.

Delegation to committees

44

113.

Delegation to individual Directors

45

114.

Local management

45

115.

Power of attorney

45

116.

Powers of delegation

45

117.

Associate directors

45

118.

Exercise of voting power

46

119.

Overseas registers

46

120.

Borrowing powers

46

PROCEEDINGS OF DIRECTORS AND COMMITTEES

46

121.

Board meetings

46

122.

Notice of Board meetings

46

123.

Quorum

46

124.

Chairman of the Board

46

125.

Voting and the Chairman's casting vote

47

126.

Electronic participation in meetings

47

127.

Resolution in writing

47

128.

Minutes of proceedings

47

129.

Validity of proceedings

48

DIRECTORS' INTERESTS

48

130.

Power of the Board to authorise conflicts of interest

48

131.

Interests not requiring Board authorisation

49

132.

Interested Director not to vote or count for quorum

50

133.

Director's interest in own appointment

51

134.

Chairman's ruling conclusive on Director's interest

51

135.

Directors' resolution conclusive on Chairman's interest

51

136.

Relaxation of provisions

52

137.

Definitions

52

AUTHENTICATION OF DOCUMENTS

52

138.

Power to authenticate documents

52

Legal02#51290913v2[EMTLegal02#90352188v1[LJD01]

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Disclaimer

Odyssean Investment Trust plc published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 14:32:04 UTC.


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