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	<id>https://wiki.treasurers.org/w/index.php?action=history&amp;feed=atom&amp;title=Disapplication</id>
	<title>Disapplication - Revision history</title>
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	<updated>2026-05-23T12:25:12Z</updated>
	<subtitle>Revision history for this page on the wiki</subtitle>
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	<entry>
		<id>https://wiki.treasurers.org/w/index.php?title=Disapplication&amp;diff=55950&amp;oldid=prev</id>
		<title>Doug: Create page - source - Pre-Emption Group - https://www.frc.org.uk/library/external-groups/pre-emption-group/pre-emption-group-overview/</title>
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		<updated>2024-06-23T15:58:38Z</updated>

		<summary type="html">&lt;p&gt;Create page - source - Pre-Emption Group - https://www.frc.org.uk/library/external-groups/pre-emption-group/pre-emption-group-overview/&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;''Company law - good practice - pre-emption rights.''&lt;br /&gt;
&lt;br /&gt;
Pre-emption rights give existing shareholders in a company the right to subscribe for their pro rata share of any new shares in that company issued for cash.&lt;br /&gt;
&lt;br /&gt;
Pre-emption rights provide existing shareholders with protection against dilution of their investments.&lt;br /&gt;
&lt;br /&gt;
In this context, disapplication means a formal permission for the company to make an issue of equity - within predetermined limits - that does not include pre-emption rights for existing shareholders.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
:&amp;lt;span style=&amp;quot;color:#4B0082&amp;quot;&amp;gt;'''''Statement of Principles - Pre-Emption Group - UK'''''&amp;lt;/span&amp;gt;&lt;br /&gt;
&lt;br /&gt;
:&amp;quot;The Statement of Principles provides guidance on the factors to be taken into account by companies and investors when considering the case for disapplying pre-emption rights and provides a basis for open, constructive and early communication between companies and shareholders.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
:''The Pre-Emption Group.''&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== See also ==&lt;br /&gt;
* [[An introduction to equity capital]]&lt;br /&gt;
* [[Company]]&lt;br /&gt;
* [[Company law]]&lt;br /&gt;
* [[Dilution]]&lt;br /&gt;
* [[Equity]]&lt;br /&gt;
* [[Equity capital]]&lt;br /&gt;
* [[Equity capital market]]  (ECM)&lt;br /&gt;
* [[Good practice]]&lt;br /&gt;
* [[Intermediary]]&lt;br /&gt;
* [[Investor]]&lt;br /&gt;
* [[Law]]&lt;br /&gt;
* [[Listed company]]&lt;br /&gt;
* [[Pre-Emption Group]]  (PEG)&lt;br /&gt;
* [[Pre-emption rights]]&lt;br /&gt;
* [[Rights issue]]&lt;br /&gt;
* [[Shareholders]]&lt;br /&gt;
* [[Shareholders' agreement]]&lt;br /&gt;
* [[Statement of Principles]]&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
==Other resource==&lt;br /&gt;
*[https://media.frc.org.uk/documents/PEG_Statement_of_Principles.pdf Statement of Principles - the Pre-Emption Group]&lt;br /&gt;
&lt;br /&gt;
[[Category:Accounting,_tax_and_regulation]]&lt;br /&gt;
[[Category:Financial_products_and_markets]]&lt;br /&gt;
&lt;br /&gt;
[[Category:Accounting,_tax_and_regulation]]&lt;br /&gt;
[[Category:Financial_products_and_markets]]&lt;/div&gt;</summary>
		<author><name>Doug</name></author>
	</entry>
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