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Changes over time for: Section 573


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This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
Companies Act 2006, Section 573 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
573Disapplication of pre-emption rights: sale of treasury sharesU.K.
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adran has no associated
Nodiadau Esboniadol
(1)This section applies in relation to a sale of shares that is an allotment of equity securities by virtue of [section 560(3)](sale of shares held by company as treasury shares).
(2)The directors of a company may be given power by the articles, or by a special resolution of the company, to allot equity securities as if section 561 (existing shareholders' right of pre-emption)—
(a)did not apply to the allotment, or
(b)applied to the allotment with such modifications as the directors may determine.
(3)The provisions of section 570(2) and (4) apply in that case as they apply to a case within subsection (1) of that section.
(4)The company may by special resolution resolve that section 561—
(a)shall not apply to a specified allotment of securities, or
(b)shall apply to the allotment with such modifications as may be specified in the resolution.
(5)The provisions of section 571(2) and (4) to (7) apply in that case as they apply to a case within subsection (1) of that section.
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