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CSD-5.2.5

Until a person to whom a direction has been issued under Paragraph CSD-5.2.6 transfers or disposes of the shares which are the subject of the direction, and notwithstanding anything to the contrary in the Commercial Companies Law or the memorandum or articles of association, or other constituent document or documents of the licensed clearing house or licensed central depository:

(a) No voting rights shall be exercisable in respect of the shares which are the subject of the direction;
(b) The licensed clearing house or licensed central depository shall not offer or issue any shares, whether by way of rights, bonus, share dividend or otherwise, in respect of the shares which are the subject of the direction; and
(c) Except in a liquidation of the licensed clearing house or licensed central depository, the licensed clearing house or licensed central depository shall not make any payment, whether by way of cash dividend, dividend in kind, or otherwise, in respect of the shares which are the subject of the direction.
Amended: April 2016