CHAPTER 3 ALLOTMENT OF EQUITY SECURITIES: EXISTING SHAREHOLDERS' RIGHT OF PRE-EMPTION
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Introductory
- 519. Meaning of "equity securities" and related expressions
- 520. Existing shareholders' right of pre-emption
- 521. Communication of pre-emption offers to shareholders
- 522. Liability of company and officers in case of contravention
- 523. Exception to pre-emption right: bonus shares
- 524. Exception to pre-emption right: issue for non-cash consideration
- 525. Exceptions to pre-emption right: employees' share schemes
- 526. Exclusion of requirements by private companies
- 527. Exclusion of pre-emption right: articles conferring corresponding right
- 528. Disapplication of pre-emption rights: private company with only one class of shares
- 529. Disapplication of pre-emption rights: directors acting under general authorisation
- 530. Disapplication of pre-emption rights by special resolution
- 531. Liability for false statement in directors' statement
- 532. Disapplication of pre-emption rights: sale of treasury shares
- 533. References to holder of shares in relation to offer
- 534. Saving for other restrictions on offer or allotment
- 535. Provisions about pre-emption not applicable to shares taken on formation
- 536. Public companies: allotment where issue not fully subscribed
- 537. Public companies: effect of irregular allotment where issue not fully subscribed