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Section 975: Shares already held by the offeror etc

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 28: Takeovers etc — Chapter 3: "Squeeze-out" and "Sell-out"

The reference in section 974(2) to shares already held by the offeror does not include a reference to shares that are the subject of a contract—

intended to secure that the holder of the shares will accept the offer when it is made, and
entered into—
by deed and for no consideration,
for consideration of negligible value, or
for consideration consisting of a promise by the offeror to make the offer.

In relation to Scotland, this section applies as if the words "by deed and" in subsection (2)(b)(i) were omitted.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.