§
74 Page 50, line 20, leave out from ("relates") to ("and") in line 25 and insert:
("exercises the voting rights carried by any of those shares in voting on the resolution and the resolution would not have been passed if he had not done so.
For the purposes of this subsection a member who holds shares to which the resolution relates shall be regarded as exercising the voting rights carried by those shares in voting on the resolution not only if he votes in respect of those shares on a poll on the question whether that resolution shall be passed but also if he votes on that resolution otherwise than on a poll.").
§ Lord Mackay of ClashfernMy Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 74.
§ Moved, That this House doth agree with the Commons in the said amendment.—(Lord Mackay of Clashfern.)
§ As an amendment to Amendment No. 74:
§ 74AAt beginning insert ("either (a)").
Lord Bruce of DoningtonMy Lords, I beg to move Amendment No. 74A as an amendment to Amendment No. 74.
§ Moved, That this House doth agree with the amendment to the amendment.—(Lord Bruce of Donington.)
§ On Question, amendment to the amendment negatived.
§ As an amendment to Amendment No. 74:
§
74B Line 3, at end insert—
("; or
(b) in the case of a public company exercises such voting rights in voting on the resolution being a member who has an interest in the shares which are the subject of the purchase.
In this paragraph "interest" in shares has the same meaning as in section (obligation to notify known interests in voting shares in a public company").
§ Moved, That this House doth agree with the said amendment to the Commons Amendment No. 74.—(Lord Bruce of Donington.)
990§ On Question, amendment to the amendment negatived.
§ On Question, Motion agreed to.