Section 571(1)

Where the directors of a company are authorised for the purposes of section 551 (power of directors to allot shares etc: authorisation by company), whether generally or otherwise, the company may by special resolution resolve that section 561 (existing shareholders' right of pre-emption)— does not apply to a specified allotment of equity securities to be made pursuant to that authorisation, or applies to such an allotment with such modifications as may be specified in the resolution.

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Source: legislation.gov.uk · retrieved 2026-09-04