C1Part 17A company's share capital
Annotations:
Modifications etc. (not altering text)
Chapter 3Allotment of equity securities: existing shareholders' right of pre-emption
Disapplication of pre-emption rights
569Disapplication of pre-emption rights: private company with only one class of shares
1
The directors of a private company that has only one class of shares may be given power by the articles, or by a special resolution of the company, to allot equity securities of that class as if section 561 (existing shareholders' right of pre-emption)—
a
did not apply to the allotment, or
b
applied to the allotment with such modifications as the directors may determine.
2
Where the directors make an allotment under this section, the provisions of this Chapter have effect accordingly.
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