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The Pamphlet Collection of Sir Robert Stout: Volume 7

Disposal of Surplus Shakes

page 8

Disposal of Surplus Shakes

23. Any shares which shall remain undisposed of within six months from the date of the first allotment of Shares, shall be offered to existing Shareholders at par in numbers, proportioned to the numbers of Shares held by such Shareholders.

24. Any Shares which may be created for the purpose of raising additional capital, shall in the first instance be offered to existing Shareholders at par, in numbers in proportion to the number of Shares held by them.