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Commentary

142 Communication of pre-emption offers to shareholders

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital
COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital | Commentary

142 Communication of pre-emption offers to shareholders

COMPANIES vol 10(1) Directors and Other Officers, Shareholders, Shares and Share Capital | Commentary

142 Communication of pre-emption offers to shareholders

Where a company is required to make an offer under the statutory pre-emption provisions, that offer, which may be in hard copy or electronic form1, must state a period during which it may be accepted, being at least 14 days beginning with the date on which the offer is sent or supplied (hard copy), or sent (electronic form)2. The company may not withdraw the offer before the end of that period3.

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