Section 9
Exemption from section 59 of Companies Act 1967
of Exchanges (Demutualisation and Merger) Act 1999
ActIn forceProvision 9 of 13
Section 9
Section 59 of the Companies Act 1967 (which requires a statement in lieu of a prospectus on allotment of shares) does not apply to the issue of the transferee holding company’s shares under section 6 or 8.