Section 966(3A)

The third condition is that the company’s articles of association— do not contain any restrictions on rights to vote at a general meeting of the company, or if they do contain any such restrictions, provide that they are not to have effect on rights to vote at a general meeting of the company that— unless the restrictions are compensated for by specific pecuniary advantages. decides whether to take any action which might result in the frustration of the takeover bid, or is held at a time when the offeror holds shares amounting to not less than 75% in value of all the voting shares in the company,

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