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Changes over time for: Section 972


Llinell Amser Newidiadau
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Point in time view as at 17/06/2016.
Changes to legislation:
Companies Act 2006, Section 972 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
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972Transitory provisionU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)Where a takeover bid is made for an opted-in company, section 368 of the Companies Act 1985 (c. 6) (extraordinary general meeting on members' requisition) and section 378 of that Act (extraordinary and special resolutions) have effect as follows until their repeal by this Act.
(2)Section 368 has effect as if a members' requisition included a requisition of a person who—
(a)is the offeror in relation to the takeover bid, and
(b)holds at the date of the deposit of the requisition shares amounting to not less than 75% in value of all the voting shares in the company.
(3)In relation to a general meeting of the company that—
(a)is the first such meeting to be held after the end of the offer period, and
(b)is held at a time when the offeror holds shares amounting to not less than 75% in value of all the voting shares in the company,
section 378(2) (meaning of “special resolution”) has effect as if “14 days' notice” were substituted for “21 days' notice”.
(4)A reference in this section to voting shares in the company does not include—
(a)debentures, or
(b)shares that, under the company's articles of association, do not normally carry rights to vote at its general meetings (for example, shares carrying rights to vote that, under those articles, arise only where specified pecuniary advantages are not provided).
Modifications etc. (not altering text)
Yn ôl i’r brig