By Marc Piano
The Pre-Emption Group published a revised Statement of Principles on 12 March 2015. Companies adopting the Statement must factor the principles into their decision-making process when considering the case for disapplying pre-emption rights.
Pre-emption rights provide shareholders with protection against inappropriate dilution of their investments. They are given statutory protection by the Companies Act 2006, which may be disapplied by a special resolution of shareholders at a general meeting of the company…
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