596 Non-cash consideration for shares: requirements as to valuation and report
596 Non-cash consideration for shares: requirements as to valuation and report
Companies Act 2006 | Legislation

(1)     The provisions of sections 1150 to 1153 (general provisions as to independent valuation and report) apply to the valuation and report required by section 593 (public company: valuation of non-cash consideration for shares).

(2)     The valuer's report must state—

(a)     the nominal value of the shares to be wholly or partly paid for by the consideration in question;

(b)     the amount of any premium payable on the shares;

(c)     the description of the consideration and, as respects so much of the consideration as he himself has valued, a description of that part of the consideration, the method used to value it and the date of the valuation;