595 Exception to valuation requirement: merger [or division]
595 Exception to valuation requirement: merger [or division]
Companies Act 2006 | Legislation

(1)     Section 593 (valuation of non-cash consideration) does not apply to the allotment of shares by a company [as part of a scheme to which Part 27 (mergers and divisions of public companies) applies if—

(a)     in the case of a scheme involving a merger, an expert's report is drawn up as required by section 909, or

(b)     in the case of a scheme involving a division, an expert's report is drawn up as required by section 924.].

(2)     . . .

(3)     . . .