# Companies Act 2006, Section 566A: Exception to pre-emption right: companies in financial difficulty


Section 561(1) (existing shareholders’ right of pre-emption) does not apply to an allotment of equity securities that is carried out as part of a compromise or arrangement sanctioned in accordance with Part 26A (arrangements and reconstructions: companies in financial difficulty).

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/566A (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-566A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.