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Part 27 U.K.Mergers and divisions of public companies

Chapter 2U.K.Merger

Requirements applicable to mergerU.K.

907Approval of members of merging companiesU.K.

(1)The scheme must be approved by a majority in number, representing 75% in value, of each class of members of each of the merging companies, present and voting either in person or by proxy at a meeting.

(2)This requirement is subject to sections 916, 917 and 918 (circumstances in which meetings of members not required).