No versions valid at: 08/11/2006
Point in time view as at 08/11/2006. This version of this cross heading contains provisions that are not valid for this point in time.
Companies Act 2006, Cross Heading: Exceptions to right of pre-emption is up to date with all changes known to be in force on or before 09 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.
Valid from 01/10/2009
Section 561(1) (existing shareholders' right of pre-emption) does not apply in relation to the allotment of bonus shares.
Section 561(1) (existing shareholders' right of pre-emption) does not apply to a particular allotment of equity securities if these are, or are to be, wholly or partly paid up otherwise than in cash.
Prospective
Section 561 (existing shareholders' right of pre-emption) does not apply to the allotment of securities that would, apart from any renunciation or assignment of the right to their allotment, be held under an employees' share scheme.
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