1989 Ed.]
Television
[CAP. 52
19
17E. Licensee to supply to Broadcasting Authority certain information as regards transfers of its shares and certain other particulars
(1) If on the commencement of this section a company or other body corporate or any other person to whom the restriction in section 17D applies has a relevant interest in 2% or more of the voting shares of a licensee, the licensee shall, as soon as may be, give to the Broadcasting Authority in writing the following particulars, namely, the name of the person, the number of the shares registered in his name on such commencement, and the percentage of the issued voting shares of the licensee which those shares then constituted.
(2) If-
(a) (i) voting shares of a licensee are allotted or issued (whether severally or jointly); or
(ii) an application is made to register (whether severally or jointly) a transfer of such voting shares,
to a company or other body corporate or any other person to whom the restriction in section 17D applies (in this subsection subsequently referred to as "the relevant person"); and
(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% of, but less than 4% of, the voting shares of the licensee; or
(ii) at least 4% of, but less than 6% of, such voting shares; or
(iii) at least 6% of, but less than 8% of, such voting shares; or
(iv) 8% 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 allotment, 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 application, 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.
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Page 21
1989 Ed.]
і
Television
[CAP. 52
19
17E. Licensee to supply to Broadcasting Authority certain information as regards transfers of its shares and certain other particulars
(1) If on the commencement of this section a company or other body corporate or any other person to whom the restriction in section 17D applies has a relevant interest in 2% or more of the voting shares of a licensee, the licensee shall, as soon as may be, give to the Broadcasting Authority in writing the following particulars, namely, the name of the person, the number of the shares registered in his name on such commencement, and the percentage of the issued voting shares of the licensee which those shares then constituted.
(2) If-
(a)
(i) voting shares of a licensee are allotted or issued (whether
severally or jointly); or
(ii) an application is made to register (whether severally or
jointly) a transfer of such voting shares,
to a company or other body corporate or any other person to whom the restriction in section 17D applies (in this subsection subsequently referred to as "the relevant person"); and
(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% of, but less than 4% of, the voting shares of the
licensee; or
(ii) at least 4% of, but less than 6% of, such voting shares; or (iii) at least 6% of, but less than 8% of, such voting shares; or (iv) 8% 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 allotment, 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 application, 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.
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