| Commentary

135 Renewals of authority

| Commentary

135 Renewals of authority

The company may renew an existing authorisation on an unlimited number of occasions by passing an ordinary resolution, subject to the same conditions which applied to the original resolution for authority1. The resolution must state (or restate) the number of shares which may be allotted under the authorisation (or the number remaining to be allotted in cases where some have already been allotted) and the date on which the renewed authorisation will expire being no later than five years from the date of the resolution2. The company may also revoke or vary

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