Companies Act 2014

1099.

Additional rights of shareholders in certain PLCs (provisions implementing Shareholders’ Rights Directive 2007/36/EC)

1099. (1) F408 [ (1) Sections 1100 to 1110 have effect in relation to

( a ) a notice of a general meeting given by a traded PLC, and

( b ) otherwise in relation to a general meeting of a traded PLC. ]

(2) Sections 1100 to 1110 have effect notwithstanding anything in the PLC’s constitution.

F409 [ (3) Sections 1100 to 1110 F410 [ and Chapters 8A , 8B , 8C and 8D ] shall not have effect in respect of a company to which the resolution tools, powers or mechanisms provided for in Part 4 of the Bank Recovery and Resolution Regulations are applied or exercised. ]

F410 [ (4) In this section, and sections 1100 to 1110 , traded PLC means a PLC

( a ) whose shares are admitted to trading on a regulated market in any Member State, and

( b ) that is neither

(i) an undertaking for collective investment in transferrable securities within the meaning of Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) 5 , nor

(ii) a collective investment undertaking within the meaning of point (a) of Article 4(1) of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No. 1060/2009 and (EU) No. 1095/2010 6 . ]

Annotations

Amendments:

F408

Substituted (30.03.2020) by European Union (Shareholders’ Rights) Regulations 2020 (S.I. No. 81 of 2020), reg. 5(a), in effect as per reg. 1(3).

F409

Inserted (15.07.2015) by European Union (Bank Recovery and Resolution) Regulations 2015 (S.I. No. 289 of 2015), reg. 189(10), in effect as per reg. 1(2).

F410

Inserted (30.03.2020) by European Union (Shareholders’ Rights) Regulations 2020 (S.I. No. 81 of 2020), reg. 5(b), (c), in effect as per reg. 1(3).