(b)
in respect of which a prospectus or any take-over document
is, to his knowledge, being considered by the Registrar of
Companies for registration under the Companies Ordinance
(Cap. 32).
(5)
Subsection (4) does not apply to, or in respect of, any
right of the holder of securities by virtue of being that holder
(a)
-
to exchange the securities or convert them to another form
of securities;
(b)
to participate in a scheme of arrangement approved by the
High Court under the Companies Ordinance (Cap. 32);
(c)
to subscribe for other securities or dispose of a right to
subscribe for other securities;
(d)
to charge or pledge the securities to secure the repayment
of moneyjas
(e)
to realize the securities for the purpose of repaying money
referred to in paragraph (d); or
(f)
to realize the securities in the course of performing a
duty imposed by law.
(6) Where the chairman or any other director of the Commission
or any person employed in the administration of this Ordinance is,