1. Company shares shall be owned by natural or legal founder persons if UWEC offers the shares for subscription. Every shareholder shall be held accountable for his respective share in the capital only;

2. EIA share may not be less than (51%) of UWEC capital; and

3. EIA may, subject to the approval of the Cabinet, offer a part of UWEC shares for public subscription or private offering in accordance with the legislation in force in the State.