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Heineken Malaysia Berhad
Company no. 5350-X
Page
13 of 51
19.
The rights conferred upon the holders of the shares of any class
issued with preferred or other rights shall not, unless otherwise
expressly provided by the terms of issue of the shares of that class,
be deemed to be varied by the creation or issue of further shares
ranking as regards to participation in the profits or assets of the
Company in some or in all respects pari passu therewith.
No alteration
of rights by
issuance of
new shares
CALLS ON SHARES
20.
The Directors may from time to time make such calls upon the
members as the Directors may think fit in respect of the amounts
unpaid on their shares, and not by the conditions of allotment made
payable at fixed times provided that no call shall be payable at less
than 30 days from the date fixed times for the payment of the last
preceding call. Except in the case of calls payable at fixed times
pursuant to the conditions of allotment, each member shall be
entitled to receive at least 14 days’ notice specifying the time or times
and place of payment.
Calls on
shares
21.
Any call by the Directors pursuant to a resolution may be made
payable either in one sum or by instalments, and each member upon
whom a call is made is liable to pay the amount of the call to the
person and at the time or times and place appointed by the Directors.
A call may be revoked or the time for its payment may be postponed
by the Directors.
Payment of
calls
22.
A call shall be deemed to have been made at the time when the
resolution of the Directors authorising such call was passed.
When call made
23.
The Directors may on the issue of shares, differentiate between the
holders of such shares as to the amount of calls to be paid and the
time of payment of such calls.
Directors may
differentiate
between holders
24.
Any sum which by the terms of issue of a share is made payable upon
allotment or at any fixed date, shall, for all purposes of this
Constitution, be deemed to be a call duly made and payable on such
fixed date, and in case of non-payment all the provisions of this
Constitution as to payment of interest, forfeiture or otherwise shall
apply as if such sum were a call duly made and notified.
Term of issue
may be treated
as call
25.
If any sum in respect of a call is not paid before or on the day
appointed for payment thereof, the person from whom the sum is due
shall pay interest or compensation on the sum from the day appointed
for payment thereof to the time of actual payment, at such rate, not
exceeding 8% per annum, as the Directors may determine (or failing
such determination, then at the rate of 8% per annum) provided
however the Directors may waive payment of such interest or
compensation in whole or in part.
Interest on
calls in arrears