Section 755(2)

Unless the contrary is proved, an allotment or agreement to allot securities is presumed to be made with a view to their being offered to the public if an offer of the securities (or any of them) to the public is made— within six months after the allotment or agreement to allot, or before the receipt by the company of the whole of the consideration to be received by it in respect of the securities.

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