Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 894

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 894
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 the Company. 24Capitalisation of profits Capitalisation of profits or of any share premium account or capital redemption reserve; 24.1The Directors may resolve to capitalise: (a)any part of the Company’s profits not required for paying any preferential dividend (whether or not those profits are available for distribution); or (b)any sum standing to the credit of the Company’s share premium account or capital redemption reserve, if any. 24.2The amount resolved to be capitalised must be appropriated to the Members who would have been entitled to it had it been distributed by way of dividend and in the same proportions. The benefit to each Member so entitled must be given in either or both of the following ways:: (a)by paying up the amounts unpaid on that Member’s Shares; (b)by issuing Fully Paid Up Shares, debentures or other securities of the Company to that Member or as that Member directs. The Directors may resolve that any Shares issued to the Member in respect of Partly Paid Up Shares ( Original Shares ) rank for dividend only to the extent that the Original Shares rank for dividend while those Original Shares remain Partly Paid Up. Applying an amount for the benefit of Members 24.3The amount capitalised must be applied to the benefit of Members in the proportions to which the Members would have been entitled to dividends if the amount capitalised had been distributed as a dividend. 24.4Subject to the Act, if a fraction of a Share, a debenture or other security is allocated to a Member, the Directors may issue a fractional certificate to that Member or pay him the cash equivalent of the fraction. 25Share Premium Account Directors to maintain share premium account 25.1The Directors shall establish a share premium account in accordance with the Act. They shall carry to the credit of that account from time to time an amount equal to the amount or value of the premium paid on the issue of any Share or capital contributed or such other amounts required by the Act. Annex C-33 Debits to share premium account 25.2The following amounts shall be debited to any share premium account: (a)on the redemption or purchase of a Share, the difference between the nominal value of that Share and the redemption or purchase price; and (b)any other amount paid out of a share premium account as permitted by the Act. 25.3Notwithstanding the preceding Article, on the redemption or purchase of a Share, the Directors may pay the difference between the nominal value of