Paragraph 51 I1

Section 568 of the Companies Act 2006 (exclusion of statutory pre-emption right where articles confer corresponding right) applies to the allotment of shares on or after 1st October 2009.

The reference in section 568(3) to section 562 of that Act (communication of pre-emption offers to shareholders) shall be read in relation to offers made before 1st October 2009 as a reference to section 90 of the 1985 Act or Article 100 of the 1986 Order.

Section 563 of the Companies Act 2006 (consequences of contravention) applies in relation to such an offer as if the reference to section 562 of that Act were a reference to section 90 of the 1985 Act or Article 100 of the 1986 Order.