93 Exercising power of sale under a Seychelles law pledge of shares

(1) Notwithstanding any provision to the contrary in the instrument creating a
pledge of shares governed by Seychelles law, in the event that a pledgee is

exercising his right of sale pursuant to section 92(1)(a), the sale shall be at
—

(a) open market value at the time of sale; or

(b) the best price reasonably obtainable if there is no open market
value at the time of sale.

(2) Subject to any provision to the contrary in the instrument creating a pledge
of shares governed by Seychelles law, a sale pursuant to subsection (1)
may be conducted in any manner, including by private sale or public
auction.