Clause 47 - Voting rights.

Voting rights: equity shareholders vote on all resolutions; preference shareholders vote only on matters affecting their rights or capital changes.

Equity shareholders have a right to vote on every resolution, with poll votes proportional to paid-up equity capital. Preference shareholders may vote only on resolutions directly affecting their rights and on winding up or capital repayment/reduction, with poll votes proportional to paid-up preference capital; relative voting strength follows the ratio of paid-up equity to paid-up preference capital, and a class of preference shares failing to receive dividends for an extended uninterrupted period gains a right to vote on all resolutions.