All sections · Part V: Shares · Sub-Part VII: Security over shares

93 根据塞舌尔法律行使销售权 股票质押

(1)尽管根据塞舌尔法律,股份质押文书中有任何相反的规定,如果质押人根据第92(1)(a)条行使其出售权。(a),销售应在--。
出售时的公开市场价值;或
如果在销售时没有公开的市场价值,则为可合理获得的最佳价格。
(2) 除塞舌尔法律规定的股份质押文书中另有规定外,第(1)款规定的出售可以以任何方式进行,包括私下出售或公开拍卖。

Translation for information only. Only the English original is legally binding.

Original wording (English, legally binding): 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.
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