568 Exclusion of pre-emption right: articles conferring corresponding right
568 Exclusion of pre-emption right: articles conferring corresponding right
Companies Act 2006 | Legislation

(1)     The provisions of this section apply where, in a case in which section 561 (existing shareholders' right of pre-emption) would otherwise apply—

(a)     a company's articles contain provision (“pre-emption provision”) prohibiting the company from allotting ordinary shares of a particular class unless it has complied with the condition that it makes such an offer as is described in section 561(1) to each person who holds ordinary shares of that class, and

(b)     in accordance with that provision—