Section 755(3)

A company does not contravene this section if— it acts in good faith in pursuance of arrangements under which it is to re-register as a public company before the securities are allotted, or as part of the terms of the offer it undertakes to re-register as a public company within a specified period, and that undertaking is complied with.

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