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

Chapter 2U.K.Merger

Other exceptionsU.K.

[F1918AAgreement to dispense with expert's report (merger)U.K.

(1)If all members holding shares in, and all persons holding other securities of, the companies involved in the merger, being shares or securities that carry a right to vote in general meetings of the company in question, so agree, the requirement of section 909 (expert's report) does not apply.

(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.]