# Companies Act 2006, Section 580: Shares not to be allotted at a discount


(1) A company's shares must not be allotted at a discount.
(2) If shares are allotted in contravention of this section, the allottee is liable to pay the company an amount equal to the amount of the discount, with interest at the appropriate rate.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/580 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-580
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.