C1Part 17A company's share capital
Annotations:
Modifications etc. (not altering text)
Chapter 3Allotment of equity securities: existing shareholders' right of pre-emption
Exceptions to right of pre-emption
564Exception to pre-emption right: bonus shares
Section 561(1) (existing shareholders' right of pre-emption) does not apply in relation to the allotment of bonus shares.
Pts. 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