Also relevant in the context of possible frustrating action, are the provisions contained in the Companies Act 2006 which implement Article 11 of the Takeovers Directive1. In the above circumstances, Article 11 seeks to override a number of defensive devices that may be adopted by companies prior to the bid (including differential share structures under which minority shareholders may exercise disproportionate voting rights, restrictions on transfer of shares in the company articles or in contractual agreements, and limitations on share ownership). The Directive does not require a member
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN TAKE A FREE TRIAL
0330 161 1234