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Rights of Ministers as holders of shares.
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3.—(1) The Minister and the Minister for Agriculture and Food may exercise in respect of any shares in the Holding Company vested in or allotted to them all the rights and powers of holders or allottees of such shares and where a right or power in respect of any such share is exercisable by attorney or proxy, the Minister or the Minister for Agriculture and Food, as the case may be, may exercise it by attorney or proxy appointed by him.
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(2) The Minister, or his nominees, at the direction of the Minister, may renounce the right to any shares in the Holding Company and any sums paid to the Minister or his nominees in consideration of such renunciation shall be treated for the purposes of this Act in the same manner as sums paid to the Minister or his nominees in consideration of the sale of shares.
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