Except as disclosed elsewhere in this Prospectus, the Directors, the Managing Director, the Chief Executive Officer and Company Secretary declare as of the date of this prospectus that they:
| 1. |
have not at any time been declared bankrupt or been subject to bankruptcy proceedings; |
| 2. |
do not themselves, nor do any relatives or affiliates, have direct or indirect interests in the shares or debt instruments of the Company; and
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| 3. |
do not themselves, nor do any relatives or affiliates, have any material interest in any written or verbal contract or arrangement in effect or contemplated at the time of the Prospectus, which is significant in relation to the business of the Company.
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As per Article 71 of Companies Regulations, the Company shall not grant any cash loan whatsoever to any of its directors nor shall it guarantee any loan contracted by a director with a third party.
The Company’s constitutional documents do not grant any power enabling a director to vote on a contract or proposal, in which he has a material interest, or enabling a director to vote remuneration to himself or allowing the directors to borrow from the Company. |
