OCV octaviar limited

Saturday dump, the state of our Union!, page-3

  1. 228 Posts.
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    http://n.b5z.net/i/u/10179838/f/Final_NOM_for_2015_ARL_AGM_SIGNED_WITH_PROXY_FORM.pdf


    Thanks Goggy, seems a lot more "open" than what we have been used to.  
    Can somebody explain the ramifications of the "Winding up clause"? - does it only apply to "share options" that have not been taken up?

    "Winding Up Subject to the new constitution and the rights and liabilities attaching to Shares, Shareholders will be entitled in a winding up to any surplus assets of the Company in proportion to the number of Shares held by them, less any amounts which remain unpaid on the Shares at the time of distribution. However, if this deduction results in the distribution to the Shareholder being a negative amount, the Shareholder must contribute that amount to the Company."
 
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Currently unlisted public company.

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