Paragraph 56 Public companies: allotment where issue not fully subscribed (ss. 578 and 579)I1

Sections 578 and 579 of the Companies Act 2006 (public companies: allotment where issue not fully subscribed) apply where the offer is made on or after 1st October 2009, unless a prospectus has been issued before that date.

Sections 84 and 85 of the 1985 Act or Articles 94 and 95 of the 1986 Order continue to apply where the offer was made, or a prospectus issued, before that date.

In the case of an offer made or a prospectus issued on more than one day, the references in this paragraph to the date on which it is made or issued are to the first day on which it was made or issued.

References in this paragraph to a prospectus being issued are to its being made available to the public in accordance with Part 6 of the Financial Services and Markets Act 2000^f1.