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Part 17U.K.A company's share capital

Modifications etc. (not altering text)

C1Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))

Chapter 3U.K.Allotment of equity securities: existing shareholders' right of pre-emption

Modifications etc. (not altering text)

SupplementaryU.K.

574References to holder of shares in relation to offerU.K.

(1)In this Chapter, in relation to an offer to allot securities required by—

(a)section 561 (existing shareholders' right of pre-emption), or

(b)any provision to which section 568 applies (articles conferring corresponding right),

a reference (however expressed) to the holder of shares of any description is to whoever was the holder of shares of that description at the close of business on a date to be specified in the offer.

(2)The specified date must fall within the period of 28 days immediately before the date of the offer.