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ICI » Topics » Exchange controls and other limitations affecting security holders

This excerpt taken from the ICI 20-F filed Mar 31, 2006.

Exchange controls and other limitations affecting security holders

(a) There are no governmental laws, decrees or regulations in the UK restricting the import or export of capital or affecting the remittance of dividends, interest or other payments to non-resident holders of the Company’s Ordinary Shares or ADSs. However, a 1.5% stamp duty reserve tax is payable upon the deposit of ICI Ordinary Shares in connection with the creation of, but not subsequent dealing in, ADRs. This is in lieu of the normal 0.5% stamp duty on all purchases of Ordinary Shares.
 
(b) There are no limitations under English Law or the Company’s Memorandum and Articles of Association on the right of non-resident or foreign owners to be the registered holders of and to vote Ordinary Shares of the Company.

 

Shareholder Information ICI Annual Report and Accounts 2005 153

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This excerpt taken from the ICI 6-K filed Mar 14, 2006.

Exchange controls and other limitations affecting security holders

(a) There are no governmental laws, decrees or regulations in the UK restricting the import or export of capital or affecting the remittance of dividends, interest or other payments to non-resident holders of the Company’s Ordinary Shares or ADSs. However, a 1.5% stamp duty reserve tax is payable upon the deposit of ICI Ordinary Shares in connection with the creation of, but not subsequent dealing in, ADRs.
 
  This is in lieu of the normal 0.5% stamp duty on all purchases of Ordinary Shares.
 
(b) There are no limitations under English Law or the Company’s Memorandum and Articles of Association on the right of non-resident or foreign owners to be the registered holders of and to vote Ordinary Shares of the Company.

 

Shareholder Information ICI Annual Report and Accounts 2005 153

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EXCERPTS ON THIS PAGE:

20-F
Mar 31, 2006
6-K
Mar 14, 2006

RELATED TOPICS for ICI:

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