1. UK Company Law
  2. Legislation (UK)
  3. Acts
  4. 2006
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  1. Companies Act 2006 (c. 46)
  2. Part 17 A company's share capital (ss. 540-657)
  3. Chapter 3 Allotment of equity securities: existing shareholders' right of pre-emption (ss. 560-577)
  4. Exceptions to right of pre-emption (ss. 564-566A)
  5. 566. Exception to pre-emption right: securities held under employees' share scheme
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2009 - onwards
  Version 2 of 2    

566. Exception to pre-emption right: securities held under employees' share scheme

Section 561 (existing shareholders' right of pre-emption) does not apply to the allotment of securities that would, apart from any renunciation or assignment of the right to their allotment, be held under an employees' share scheme.

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