1964_TELEVISION_ORDINANCE — Page 21

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CAP. 52]

Television

[1989 Ed.

(3) Where--

(a) particulars have been given under subsection (2) to the Broadcasting Authority as regards an application 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,

the licensee, whether or not the application was made to him, shall, as soon as may be, give to the Broadcasting Authority in writing the particulars mentioned in subsection (4).

(4) The particulars referred to in subsection (2) or (3) are-

(a) in relation to an allotment, issue or application referred to in subsection (2)-

(i) the name of the relevant person within the meaning of that subsection;

(ii) the total number of voting shares of the relevant licensee which will stand registered in the name of such relevant person (whether severally or jointly) in that licensee's register immediately after registration of the shares allotted, issued or transferred should that registration have the approval of the Broadcasting Authority; and

(b) in relation to an application mentioned in subsection (3)—

(i) the name of the person referred to in subsection (3)(b); and

(ii) the total number of voting shares (if any) of the relevant licensee held by the person referred to in subparagraph (i) immediately after registration of the transfer; and

(c) in relation to any application mentioned in this section, the percentage (if any) of the issued voting shares of the relevant licensee which the shares mentioned in paragraph (a)(ii) or (b)(ii), as may be appropriate, comprise.