No.IO CiVIL AVIATION AMENDME'\T (3) Persons re!Crred to in subsection (2) who are engaged bytheAirpoits Company shall. if they were contributing to a pensions scheme managed by the Authority, be permitted to continue contributing to that scheme. 86 Authorised share capital of Airports Company (1) The initial authorised share capital of the Airports Company shall be the sum of three thousand two hundred United States Dollars ($3 200,00) divided into six thousand four hundred (6 400) ordinary shares of a nominal value of fifty United States cents ($0.50) each. (2) With the approval ofthe Minister and the Minister responsible for finance, the Board of the Airport Company may by resolution increase the Company's share capital. (3) Where the Board of the Company has increased the Company's share capital, the Minister shall cause notice thereof to be published in the Ga:::ette. 87 Sharing of certain revenues between Airports Company and Authority, etc. (1) Ninety per centum of- ( a) the Airport Departure Fee (commonly known as the passenger service charge) levied in terms of the Ci vii Aviation (Airport Departure Fee) Regulations, 2003. published in Statutory Instrument 165 of 2003, shall be retained by the Airports Company and the remaining ten per centum shall be paid by the Company to the Authority: and (b) landing and parking fees charged to air operators shall be retained by the Airports Company and the remaining ten per centum shall be paid by the Company to the Authority: and (c) the fuel levy charged to fuel service providers at the airports and aerodromes of the Airports Company shall be retained by the Airports Company and and the remaining ten per centum shall be paid by the Company to the Authority. (2) The rental, if any, to be charged by theAuthority in consideration for the usc by the Airports Company of its land long leased to it in terms of Statutory I nstrumcnt 193 or 2003 and of any of the Authority's buildings thereon, shall be as agreed between the Minister, Authority and Airports Company. 88 Issue of securities in consideration for transfer of assets (I) In consideration for the transfer of the assets of the Authority to the Airports Company by virtue of section 84, the Airports Company, if so required by the Minister, shall issue such securities as the Minister may direct to- (a) the Minister or a person nominated by the Minister; and (b) any person entitled to require the issue of securities following their initial allotment to a person referred in paragraph (a). (2) Securities issued pursuant to a direction under subsection ( 1)(a) shall be issued or allotted at such times and on such terms and conditions as the Minister may direct: and (b) shall be regarded as fully paicl, and treated for the purposes of the Companies Act[Chapter 24:031 as if they had been paid up by virtue of the payment to the Airports Company their nominal \"<1lue in cash. or 436 2018