C1C2C3Part 27Mergers and divisions of public companies

Annotations:
Modifications etc. (not altering text)

Chapter 2Merger

Other exceptions

918AF5 Agreement to dispense with F1 reports etc (merger)

1

If all members holding shares in, and all persons holding other securities of, F2the merging companies, being shares or securities that carry a right to vote in general meetings of the company in question, so agree, F3the following requirements do not apply.

F41A

The requirements that may be dispensed with under this section are—

a

the requirements of—

i

i)section 908 (directors' explanatory report),

ii

section 909 (expert's report),

iii

section 910 (supplementary accounting statement), and

iv

section 911B (report on material changes of assets of merging company); and

b

the requirements of section 911 (inspection of documents) so far as relating to any document required to be drawn up under sections 908, 909 or 910.

2

For the purposes of this section—

a

the members, or holders of other securities, of a company, and

b

whether shares or other securities carry a right to vote in general meetings of the company,

are determined as at the date of the application to the court under section 896.