C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

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

Supplementary

574References to holder of shares in relation to offer

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.