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ANL SALE ACT 1995 No. 136 of 1995 - SECT 69
ANL's articles of association to include certain provisions
69. On and after the sale day, ANL's articles of association must include the
following provisions (the specified articles):
(a) a provision requiring ANL to issue to the Commonwealth on the sale day
a share in ANL with the characteristics described in the articles
mentioned in paragraphs (b) and (c);
(b) a provision specifying that the special share is not transferable;
(c) a provision specifying that the holder of the special share is not
entitled:
(i) to vote at a general meeting of ANL; or
(ii) to receive any distribution (by way of dividend or otherwise)
of ANL's profits;
(d) provisions that:
(i) deal with any other matters (whether they relate to the special
share or not); and
(ii) are described in the articles of association as specified
articles.
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