TNAG-1819-FCO40-2580-Public-opinion-in-Hong-Kong-Commissioner-for-Administrative--1988 — Page 63

TELEVISION (AMENDMENT)

Ord. No. 72/88

A445

(b) either the shares allotted or issued or to which the application relates, at the time of the allotment or issue or at the time of the application, in themselves, or those shares together with other such voting shares registered (whether severally or jointly) in the licensee's register in the name of the relevant person, when added together, comprise-

(i) at least 2 per cent of, but less than 4 per cent of, the voting shares of the licensee; or

(ii) at least 4 per cent of, but less than 6 per cent of, such voting shares; or

(iii) at least 6 per cent of, but less than 8 per cent of, such voting shares; or

(iv) 8 per cent or more of such voting shares; and (c) by reason only of the allotment, issue or transfer, as may be appropriate, the shares to which the allot- ment, issue or application relates or, as may be appropriate, the aggregate referred to paragraph (b) comes within a limit specified in paragraph (b)(i), (ii), (iii) or (iv),

the licensee, whether or not, in the case of such an applica- tion, the application has been made to him, shall, as soon as may be, give to the Broadcasting Authority in writing the particulars mentioned in subsection (4) and the allotment or issue or the transfer to which the application relates shall not be registered in the licensee's register unless and until the licensee receives a notice in writing from the Broadcasting Authority to the effect that the registration has the approval of that authority.

(3) Where---

(a) particulars have been given under subsection (2) to the Broadcasting Authority as regards an applica- tion described in that subsection (which application is in this subsection subsequently referred to as "the earlier application"); and

(b) an application is received to register the transfer of voting shares of the licensee who, as regards the earlier application, was the relevant licensee, and the person by whom the shares are transferred was (whether he acted on his own or jointly with others), in relation to the earlier application, the relevant person within the meaning of subsection (2); and (c) by reason only of the transfer either such person has no holding of such voting shares or the holding or combined holdings of such shares which caused the requirements of subsection (2) to apply is or are reduced so that the holding or, where appropriate, the holdings together, either-

(i) come within none of the limits specified in subsection (2)(b); or

(ii) come within any particular such limit,