CmaBylaw
Executive Bylaws
13-31 Of Module Eleven: Dealing in Securities
Section: Chapter Thirteen: Preferred Shares Regulations
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Tuesday, 14 February 2017
In the event that payment of the profits due shown in the Prospectus is delayed for ten Business Days for any reason, the Issuer shall not be entitled to act as follows without the approval of a number of Preferred Shareholders that represent two thirds of the total number of Shares:1. Declare or pay any cash or in-kind profits to the ordinary shareholders prior to paying the profits due to Preferred Shareholders.2. Recover or repurchase Securities issued by Issuer or reduce the capital of any Securities issued by the Issuer of equal or lower value than the Preferred Shares.
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