Common use of Significant Change Clause in Contracts

Significant Change. Since the Accounts Date, the Company and each other member of the Group has carried on its businesses in the ordinary and usual course, and there has been no material adverse effect or any development involving a prospective material adverse effect except as fairly disclosed in the Prospectus; and, since the Accounts Date, neither the Company nor any other member of the Group or any associate of the Company has, except as fairly disclosed in the Prospectus, entered into or assumed or incurred any contract, commitment, borrowing, indebtedness in the nature of borrowing, guarantee, liability (including contingent liability) or other obligation, or entered into any transactions not in the ordinary course of business in each case which could reasonably be expected to have a material adverse effect; and, except as described in the Schemes Document and/or the Prospectus, since the Accounts Date there has been no significant change in the financial or trading position of the Group. LETTER TO PLC SHAREHOLDERS