969 Power of offeror to require general meeting to be called
969 Power of offeror to require general meeting to be called
Companies Act 2006 | Legislation

(1)     Where a takeover bid is made for an opted-in company, the offeror may by making a request to the directors of the company require them to call a general meeting of the company if, at the date at which the request is made, he holds shares amounting to not less than 75% in value of all the voting shares in the company.

(2)     The reference in subsection (1) to voting shares in the company does not include—

(a)     debentures, or

(b)     shares that, under the company's articles of association, do not normally carry rights to vote at its general meetings (for example, shares carrying rights to vote that, under those articles, arise only where specified pecuniary advantages are not provided).