Sanderson Design : Click here to download the New Article of Association

DATED2021

Company no. 61880

NEW

ARTICLES OF ASSOCIATION

of

SANDERSON DESIGN GROUP

PLC

Incorporated on 3 May 1899

As adopted by a special resolution passed on 2021

CONTENTS

PRELIMINARY..........................................................................................................................	1
1.	Regulations and articles not to apply..................................................................................	1
2.	Interpretation ......................................................................................................................	1
LIMITED LIABILITY................................................................................................................	4
3.	Limited liability..................................................................................................................	4
SHARE CAPITAL......................................................................................................................	4
4.	Allotment............................................................................................................................	4
5.	Redeemable shares .............................................................................................................	4
6.	Power to attach rights .........................................................................................................	4
7.	Variation of rights ..............................................................................................................	4
8.	Commissions and brokerages .............................................................................................	5
9.	Trusts not recognised..........................................................................................................	5
10.	Renunciation .................................................................................................................	5
ALTERATION OF SHARE CAPITAL......................................................................................	5
11.	New shares....................................................................................................................	5
12.	Sub-division of shares...................................................................................................	5
13.	Fractions........................................................................................................................	6
SHARE CERTIFICATES ...........................................................................................................	7
14.	Right to certificates.......................................................................................................	7
15.	Replacement certificates ...............................................................................................	7
UNCERTIFICATED SHARES ..................................................................................................	8
16.	Uncertificated shares.....................................................................................................	8
LIEN............................................................................................................................................	9
17.	Company's lien on shares not fully paid .......................................................................	9
18.	Enforcement of lien by sale ..........................................................................................	9
19.	Application of proceeds of sale...................................................................................	10

CALLS ON SHARES ...............................................................................................................	10
20.	Calls ............................................................................................................................	10
21.	Power to make different arrangements .......................................................................	11
22.	Interest on calls; costs, charges and expenses for non-payment .................................	11
23.	Payment in advance ....................................................................................................	11
24.	Sums due on allotment treated as calls .......................................................................	12
FORFEITURE...........................................................................................................................	12
25.	Notice if call not paid..................................................................................................	12
26.	Forfeiture for non-compliance ....................................................................................	12
27.	Notice after forfeiture .................................................................................................	12
28.	Disposal of forfeited shares ........................................................................................	12
29.	Liabilities and claims on forfeiture .............................................................................	13
30.	Surrender.....................................................................................................................	14
UNTRACED SHAREHOLDERS.............................................................................................	14
31.	Power of sale...............................................................................................................	14
32.	Application of proceeds of sale...................................................................................	15
TRANSFERS OF SHARES......................................................................................................	15
33.	General provisions about transfers of shares ..............................................................	15
34.	Transfers of uncertificated shares ...............................................................................	15
35.	Transfers of certificated shares ...................................................................................	16
36.	Right to refuse registration..........................................................................................	16
TRANSMISSION OF SHARES...............................................................................................	16
37.	On death......................................................................................................................	16
38.	Election of person entitled by transmission ................................................................	16
39.	Rights of person entitled by transmission...................................................................	17
GENERAL MEETINGS ...........................................................................................................	17
40.	General meetings ........................................................................................................	17
41.	Form............................................................................................................................	18

42.	Arrangements..............................................................................................................	18
NOTICE OF GENERAL MEETINGS .....................................................................................	19
43.	Contents of notice of general meeting ........................................................................	19
44.	Postponement of general meetings .............................................................................	19
45.	Omission to send notice..............................................................................................	19
PROCEEDINGS AT GENERAL MEETINGS ........................................................................	19
46.	Quorum .......................................................................................................................	19
47.	Procedure if quorum not present.................................................................................	19
48.	Chairman.....................................................................................................................	20
49.	Director's right to attend and speak.............................................................................	20
50.	Power to adjourn.........................................................................................................	20
51.	Notice of adjourned meeting.......................................................................................	20
52.	Business at adjourned meeting....................................................................................	21
53.	Attendance and participation at different places and by electronic means .................	21
54.	Security arrangements and orderly conduct................................................................	21
VOTING....................................................................................................................................	21
55.	Method of voting ........................................................................................................	21
56.	Procedure on a poll .....................................................................................................	22
57.	Votes of shareholders..................................................................................................	23
58.	Restriction on voting rights.........................................................................................	24
59.	Voting by proxy ..........................................................................................................	24
60.	Receipt of proxies .......................................................................................................	24
61.	When votes by proxy valid though authority revoked................................................	25
62.	Corporate representatives............................................................................................	26
63.	Objections and validity of votes .................................................................................	26
64.	Amendments to resolutions.........................................................................................	26
65.	Confidential information.............................................................................................	26
CLASS MEETINGS .................................................................................................................	27

66.	Procedure ....................................................................................................................	27
DISCLOSURE OF INTERESTS IN SHARES.........................................................................	27
67.	Sanctions for non-disclosure.......................................................................................	27
68.	Cessation of sanctions.................................................................................................	28
69.	Section 793 notices .....................................................................................................	28
70.	Approved depositaries ................................................................................................	28
71.	Disclosure of interests - definitions ............................................................................	29
72.	Section 794 .................................................................................................................	29
NUMBER OF DIRECTORS ....................................................................................................	29
73.	Number of directors ....................................................................................................	29
ALTERNATE DIRECTORS ....................................................................................................	30
74.	Appointment ...............................................................................................................	30
75.	Revocation of appointment.........................................................................................	30
76.	Participation in board meetings ..................................................................................	30
77.	Responsibility .............................................................................................................	30
78.	Remuneration and expenses........................................................................................	31
POWERS OF THE BOARD.....................................................................................................	31
79.	Powers of the board ....................................................................................................	31
80.	Powers of directors if less than minimum required number .......................................	31
81.	Exercise of voting rights .............................................................................................	31
82.	Corporate shareholders ...............................................................................................	31
83.	Provision for employees on cessation or transfer of business ....................................	32
84.	Change of name ..........................................................................................................	32
85.	Overseas register.........................................................................................................	32
86.	Borrowing powers.......................................................................................................	32
87.	Limit to borrowing powers .........................................................................................	33
DELEGATION OF DIRECTORS' POWERS ..........................................................................	36
88.	Powers of executive directors .....................................................................................	36