Section 897(2)

The statement must— explain the effect of the compromise or arrangement, and in particular, state— any material interests of the directors of the company (whether as directors or as members or as creditors of the company or otherwise), and the effect on those interests of the compromise or arrangement, in so far as it is different from the effect on the like interests of other persons.

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