PART 4Directors' Report etc.

Summary financial statement27.

If, in accordance with section 251 of the Companies Act 198524 (or as the case may be Article 259 of the Companies (Northern Ireland) Order 198625), a company sends to an entitled person a summary financial statement instead of a copy of its directors' report the company shall—

(a)

include in the statement the explanatory material required to be included in the directors' report by regulation 26(5); or

(b)

send that material to the entitled person at the same time as it sends the statement.

For the purposes of paragraph (b), section 251(2A) to (2E)26 (or as the case may be Article 259(2A) to (2E)27) applies in relation to the material referred to in that paragraph as it applies in relation to a summary financial statement.