(1) The directors of a company may exercise a power of the company—
(a) to allot shares in the company, or
(b) to grant rights to subscribe for or to convert any security into shares in the company,
if they are authorised to do so by the company's articles or by resolution of the company.
(2) Authorisation may be given for a particular exercise of the power or for its exercise generally, and may be unconditional or subject to conditions.
(3) Authorisation must—
(a) state the maximum amount of shares that
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