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…

Click on the link below to read the rest of the Shoosmiths briefing.