Allotment of shares and disapplication of pre-emption rights: checklist | Practical Law

Allotment of shares and disapplication of pre-emption rights: checklist | Practical Law

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Allotment of shares and disapplication of pre-emption rights: checklist

Practical Law UK Checklist 7-422-4154 (Approx. 23 pages)

Allotment of shares and disapplication of pre-emption rights: checklist

MaintainedUnited Kingdom
A checklist setting out the procedural steps for allotting and issuing shares and disapplying the statutory pre-emption right under the Companies Act 2006. The checklist assumes that neither the company's articles of association, nor any applicable shareholders' agreement, contain contractual pre-emption rights or additional contractual restrictions on the directors' authority to allot and issue shares.