Modifications etc. (not altering text)
C1Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Where a private company has only one class of shares, the directors may exercise any power of the company—
(a)to allot shares of that class, or
(b)to grant rights to subscribe for or to convert any security into such shares,
except to the extent that they are prohibited from doing so by the company's articles.