All Templates
Allot shares and pre-emption rights
💴 Notice of meeting
Section 570 General Meeting Notice To Disapply Pre-Emption Rights On Secondary Share Issues
Section 570 General Meeting Notice To Disapply Pre-Emption Rights On Secondary Share Issues
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
💴 Notice of meetingBusiness activity
Allot shares and pre-emption rightsThis legal template, titled "Section 570 General Meeting Notice To Disapply Pre-Emption Rights On Secondary Share Issues under UK law," pertains to the disapplication of pre-emption rights relating to secondary share issues in accordance with Section 570 of the UK Companies Act or a related legal provision.
In the context of corporate governance, pre-emption rights grant existing shareholders the opportunity to purchase additional shares in proportion to their current ownership percentage, thereby maintaining their proportional ownership in the company. However, in certain circumstances, a company may need to raise funds by issuing shares to new investors or existing shareholders without providing them with pre-emption rights.
This legal template is designed to provide a framework for the company to notify its shareholders of its intention to disapply pre-emption rights for secondary share issues. It details the specific requirements and procedures that must be followed in accordance with UK law and the company's articles of association.
The template may include key information such as the purpose and rationale for disapplying pre-emption rights, the proposed share issue size or value, the duration of disapplication, any limitations or restrictions, and the relevant statutory provisions supporting the decision. It may also outline the process for convening a general meeting of shareholders, including the notice period and the voting requirements for approving the proposed resolution to disapply pre-emption rights.
Furthermore, the template may incorporate additional clauses and provisions that align with the company's unique circumstances, such as any exemptions or conditions that may be applicable. It should be prepared by a legal professional or an individual with a comprehensive understanding of company law in the UK, ensuring compliance with all relevant regulations and ensuring the fair treatment of shareholders in the decision-making process.
Ultimately, this legal template aims to provide a clear and legally binding framework for notifying shareholders about the company's intention to disapply pre-emption rights on future secondary share issues, fostering transparency, and allowing shareholders to exercise their right to vote on such matters.
In the context of corporate governance, pre-emption rights grant existing shareholders the opportunity to purchase additional shares in proportion to their current ownership percentage, thereby maintaining their proportional ownership in the company. However, in certain circumstances, a company may need to raise funds by issuing shares to new investors or existing shareholders without providing them with pre-emption rights.
This legal template is designed to provide a framework for the company to notify its shareholders of its intention to disapply pre-emption rights for secondary share issues. It details the specific requirements and procedures that must be followed in accordance with UK law and the company's articles of association.
The template may include key information such as the purpose and rationale for disapplying pre-emption rights, the proposed share issue size or value, the duration of disapplication, any limitations or restrictions, and the relevant statutory provisions supporting the decision. It may also outline the process for convening a general meeting of shareholders, including the notice period and the voting requirements for approving the proposed resolution to disapply pre-emption rights.
Furthermore, the template may incorporate additional clauses and provisions that align with the company's unique circumstances, such as any exemptions or conditions that may be applicable. It should be prepared by a legal professional or an individual with a comprehensive understanding of company law in the UK, ensuring compliance with all relevant regulations and ensuring the fair treatment of shareholders in the decision-making process.
Ultimately, this legal template aims to provide a clear and legally binding framework for notifying shareholders about the company's intention to disapply pre-emption rights on future secondary share issues, fostering transparency, and allowing shareholders to exercise their right to vote on such matters.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Notice To Complete By Tenant (Served On Landlord)
The legal template "Standard Notice to Complete by Tenant (Served on Landlord)" under UK law is a document that outlines the tenant's intention to complete the various obligations and requirements specified in their tenancy agreement. It serves as a formal notice from the tenant to the landlord, indicating their readiness and willingness to fulfill their responsibilities and bring the tenancy to completion.
This template typically covers several key aspects that the tenant needs to address before the tenancy concludes. It may include obligations such as returning the property in its original condition, settling outstanding rent payments, ensuring that all utilities are accounted for and terminated, and returning any keys or access devices provided by the landlord. The notice may also request a final inspection of the property to ensure compliance with the tenancy agreement and resolve any potential issues.
By serving this notice, the tenant seeks to inform the landlord of their intent to comply with all contractual obligations upon the termination of the tenancy period. It serves as a formal communication, ensuring both parties are aware of the tenant's commitment to fulfilling all requirements needed to bring the tenancy agreement to a close in line with UK law.
It is important to note that specific statutory regulations and contractual terms may vary between tenancy agreements, and it is advisable to consult legal professionals or seek independent legal advice to customize this template according to one's specific circumstances and the provisions of their tenancy agreement.
This template typically covers several key aspects that the tenant needs to address before the tenancy concludes. It may include obligations such as returning the property in its original condition, settling outstanding rent payments, ensuring that all utilities are accounted for and terminated, and returning any keys or access devices provided by the landlord. The notice may also request a final inspection of the property to ensure compliance with the tenancy agreement and resolve any potential issues.
By serving this notice, the tenant seeks to inform the landlord of their intent to comply with all contractual obligations upon the termination of the tenancy period. It serves as a formal communication, ensuring both parties are aware of the tenant's commitment to fulfilling all requirements needed to bring the tenancy agreement to a close in line with UK law.
It is important to note that specific statutory regulations and contractual terms may vary between tenancy agreements, and it is advisable to consult legal professionals or seek independent legal advice to customize this template according to one's specific circumstances and the provisions of their tenancy agreement.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
2
DISCUSSIONS
1
Standard Data Protection Impact Assessment (UK GDPR)
This legal template pertains to a Standard Data Protection Impact Assessment (DPIA) under the UK General Data Protection Regulation (GDPR). The DPIA is a process designed to identify and minimize risks associated with personal data processing activities. It is an integral part of complying with the UK GDPR and ensures that organizations handle personal data in a transparent, secure, and privacy-oriented manner. This template likely provides a standardized framework or guidelines for conducting a DPIA in accordance with UK law. It may include sections on scope, assessment methods, risk identification, risk mitigation strategies, and documentation requirements. By utilizing this template, organizations can effectively evaluate the potential impact on individuals' privacy rights and take appropriate measures to address any identified risks or deficiencies in their data processing activities.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
1
RATINGS
1
DISCUSSIONS
1
Standard Liquidation Agreement (Sale Of Assets By Company In Administration)
A Standard Liquidation Agreement (Sale of Assets by Company in Administration) under UK law is a legal template that outlines the terms and conditions for the sale of assets by a company that is currently undergoing administration and is in the process of liquidation. The document provides a comprehensive framework for the auction or sale of the company's assets, which may include but are not limited to property, equipment, inventory, intellectual property rights, and contracts.
The template ensures that the liquidation process adheres to the legal requirements set forth by UK law, offering clarity and protection to all parties involved, including the company in administration, its creditors, potential buyers, and administrators overseeing the process. It provides a list of important clauses and provisions, such as the identification and description of the assets to be sold, the method of sale (e.g., auction, negotiations), the criteria for accepting bids, and the framework for completion of the sale.
The agreement also covers the responsibilities and obligations of the buyer, including the payment terms, any necessary consents or permissions required for the transfer of assets, and potential warranties or guarantees provided by the buyer. In addition, it includes provisions for the distribution of proceeds from the sale, prioritizing the repayment of creditors and ensuring the proper settlement of outstanding debts and obligations.
By utilizing this Standard Liquidation Agreement template, all parties involved can have a clear understanding of the terms and conditions governing the sale of assets during the liquidation process. It helps facilitate a fair and transparent transaction that complies with legal requirements, while protecting the interests of both the company in administration and its creditors.
The template ensures that the liquidation process adheres to the legal requirements set forth by UK law, offering clarity and protection to all parties involved, including the company in administration, its creditors, potential buyers, and administrators overseeing the process. It provides a list of important clauses and provisions, such as the identification and description of the assets to be sold, the method of sale (e.g., auction, negotiations), the criteria for accepting bids, and the framework for completion of the sale.
The agreement also covers the responsibilities and obligations of the buyer, including the payment terms, any necessary consents or permissions required for the transfer of assets, and potential warranties or guarantees provided by the buyer. In addition, it includes provisions for the distribution of proceeds from the sale, prioritizing the repayment of creditors and ensuring the proper settlement of outstanding debts and obligations.
By utilizing this Standard Liquidation Agreement template, all parties involved can have a clear understanding of the terms and conditions governing the sale of assets during the liquidation process. It helps facilitate a fair and transparent transaction that complies with legal requirements, while protecting the interests of both the company in administration and its creditors.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
2
DISCUSSIONS
2
