Part 13Resolutions and meetings
Chapter 4Public companies and traded companies: additional requirements for AGMs
F1340BTraded companies: expenses of circulating members' matters to be dealt with at AGM
(1)
The expenses of the company in complying with section 340A need not be paid by the members who requested the inclusion of the matter in the business to be dealt with at the annual general meeting if requests sufficient to require the company to include the matter are received before the end of the financial year preceding the meeting.
(2)
Otherwise—
(a)
the expenses of the company in complying with that section must be paid by the members who requested the inclusion of the matter unless the company resolves otherwise, and
(b)
unless the company has previously so resolved, it is not bound to comply with that section unless there is deposited with or tendered to it, not later than—
(i)
six weeks before the annual general meeting to which the requests relate, or
(ii)
if later, the time at which notice is given of that meeting,
a sum reasonably sufficient to meet its expenses in complying with that section.