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 rightsA notice of meeting is a formal notice that is given to shareholders of a company to inform them of an upcoming meeting. The notice will include the date, time, and location of the meeting, as well as the agenda for the meeting. The notice of meeting is required by law in order to give shareholders sufficient time to prepare for the meeting and to make any necessary arrangements to attend.
This 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
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 Ballot Form For Election Of Employee Representatives (TUPE or Collective Redundancy)
The legal template for a "Standard Ballot Form for Election of Employee Representatives (TUPE or Collective Redundancy) under UK law" is a document designed to facilitate fair and transparent processes in selecting employee representatives during complex employment events. This form is tailored to situations where the Transfer of Undertakings (Protection of Employment) Regulations (TUPE) or collective redundancy procedures are applicable within the United Kingdom.
When a business undergoes a transfer of ownership, a merger, or an acquisition that affects employees, or if collective redundancies are anticipated, companies are required to consult and involve employee representatives. These representatives act as intermediaries between the employer and the employees, ensuring their interests are represented during decision-making processes.
The legal template provides a standardized format for conducting ballots, ensuring compliance with UK employment laws. It outlines the mandatory information to be included, such as the reason for the ballot, the list of eligible voters, the timeframe for nominations, and the procedure for counting votes. The form may also include sections for recording votes, issuing instructions to voters, and guidelines for resolving disputes.
By utilizing this legal template, employers can streamline the election process, promote transparency, and ensure that all affected employees have the opportunity to take part in the selection of their representatives. This template aids employers in fulfilling their legal obligations and upholding the principles of employee participation, guaranteeing a fair and democratic election in situations related to TUPE or collective redundancy under UK law.
When a business undergoes a transfer of ownership, a merger, or an acquisition that affects employees, or if collective redundancies are anticipated, companies are required to consult and involve employee representatives. These representatives act as intermediaries between the employer and the employees, ensuring their interests are represented during decision-making processes.
The legal template provides a standardized format for conducting ballots, ensuring compliance with UK employment laws. It outlines the mandatory information to be included, such as the reason for the ballot, the list of eligible voters, the timeframe for nominations, and the procedure for counting votes. The form may also include sections for recording votes, issuing instructions to voters, and guidelines for resolving disputes.
By utilizing this legal template, employers can streamline the election process, promote transparency, and ensure that all affected employees have the opportunity to take part in the selection of their representatives. This template aids employers in fulfilling their legal obligations and upholding the principles of employee participation, guaranteeing a fair and democratic election in situations related to TUPE or collective redundancy under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
2
DISCUSSIONS
2
Simple Agreement Replacing A Party Of The Contract (Novation For Intra Group Reorganisations)
This legal template, "Simple Agreement Replacing A Party Of The Contract (Novation For Intra Group Reorganisations) under UK law," aims to provide a legally binding agreement in which one party involved in an existing contract is replaced with another party within the same group of companies.
Novation refers to the process of substituting a party to an existing contract with a new party, relieving the outgoing party of its obligations and transferring them to the incoming party. In the context of intra-group reorganisations, this template facilitates the smooth transition of contractual rights and obligations between affiliated companies, streamlining their internal operations and optimizing business efficiency.
Under UK law, this template ensures compliance with the legal requirements and regulations associated with novation, safeguarding the interests of all parties involved. By using this agreement, the original contracting parties can successfully transfer their rights and obligations to another company within the same group, mitigating any disruptions to ongoing contractual relationships and maintaining continuity in their business operations.
This template includes essential details such as the identification of the original parties, the specific contract being replaced, the new party being introduced, and the effective date of the novation. It also outlines the rights and obligations being transferred, as well as any necessary consents or approvals required for the novation to take effect.
The "Simple Agreement Replacing A Party Of The Contract (Novation For Intra Group Reorganisations) under UK law" provides a straightforward and legally sound mechanism for companies within the same group to restructure their contractual relationships while adhering to the applicable legal framework. By utilizing this template, businesses can smoothly navigate intra-group reorganisations and ensure seamless continuity in their contractual arrangements.
Novation refers to the process of substituting a party to an existing contract with a new party, relieving the outgoing party of its obligations and transferring them to the incoming party. In the context of intra-group reorganisations, this template facilitates the smooth transition of contractual rights and obligations between affiliated companies, streamlining their internal operations and optimizing business efficiency.
Under UK law, this template ensures compliance with the legal requirements and regulations associated with novation, safeguarding the interests of all parties involved. By using this agreement, the original contracting parties can successfully transfer their rights and obligations to another company within the same group, mitigating any disruptions to ongoing contractual relationships and maintaining continuity in their business operations.
This template includes essential details such as the identification of the original parties, the specific contract being replaced, the new party being introduced, and the effective date of the novation. It also outlines the rights and obligations being transferred, as well as any necessary consents or approvals required for the novation to take effect.
The "Simple Agreement Replacing A Party Of The Contract (Novation For Intra Group Reorganisations) under UK law" provides a straightforward and legally sound mechanism for companies within the same group to restructure their contractual relationships while adhering to the applicable legal framework. By utilizing this template, businesses can smoothly navigate intra-group reorganisations and ensure seamless continuity in their contractual arrangements.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
3
DISCUSSIONS
3
Share Purchase Agreements For Intra Group Reorganisations
This legal template pertains to Share Purchase Agreements (SPAs) for Intra Group Reorganisations under UK law. An intra group reorganisation typically involves the transfer or restructuring of shares within a group of companies. This template serves as a comprehensive legal document that outlines the terms and conditions for the purchase of shares between related entities within the same corporate group.
The template would contain provisions that govern the transfer process, including the identification of the buyer and seller, details of the shares being transferred, and the purchase price or consideration involved. It would also cover the representations and warranties of the parties, ensuring both parties provide accurate and truthful information about the shares being transferred.
Additionally, the template would address various legal and regulatory requirements that need to be fulfilled for a valid intra group share purchase. This may include compliance with company law regulations, tax implications, and necessary approvals from regulatory authorities.
The template may also incorporate clauses relating to indemnification, dispute resolution mechanisms, and any specific provisions required for the particular intra group reorganisation. Further, it may outline the conditions precedent for the completion of the share purchase, such as necessary consents or filings.
Ultimately, this legal template serves as a reliable framework for parties involved in intra group reorganisations to formalize their agreements and ensure compliance with UK laws and regulations. By using this template, entities can confidently undertake share transfers within their group, streamlining the reorganisation process and promoting transparency and legality in their transactions.
The template would contain provisions that govern the transfer process, including the identification of the buyer and seller, details of the shares being transferred, and the purchase price or consideration involved. It would also cover the representations and warranties of the parties, ensuring both parties provide accurate and truthful information about the shares being transferred.
Additionally, the template would address various legal and regulatory requirements that need to be fulfilled for a valid intra group share purchase. This may include compliance with company law regulations, tax implications, and necessary approvals from regulatory authorities.
The template may also incorporate clauses relating to indemnification, dispute resolution mechanisms, and any specific provisions required for the particular intra group reorganisation. Further, it may outline the conditions precedent for the completion of the share purchase, such as necessary consents or filings.
Ultimately, this legal template serves as a reliable framework for parties involved in intra group reorganisations to formalize their agreements and ensure compliance with UK laws and regulations. By using this template, entities can confidently undertake share transfers within their group, streamlining the reorganisation process and promoting transparency and legality in their transactions.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
5
DISCUSSIONS
3
