Articles of Association: pre-emption (share transfer)
Standard Article comprising pre-emption rights on the transfer of shares.
Background
What are pre-emption rights on a share transfer?
Pre-emption rights are essentially a right of first refusal. They entitle the non-transferring shareholders to acquire the shares which the transferor proposes to transfer in priority to them being acquired by another person, whether by another current shareholder or by someone who is not already a shareholder.
About this document
This document comprises standard articles of association for inclusion in the Articles of Association of a company containing pre-emption rights on the transfer of shares.
Document features
- general prohibition on share transfers unless otherwise provided in the Articles of Association
- permitted transfers for transfers to related parties
- detailed pre-emption rights offer and acceptance process
Explanatory guidance
As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.
All Paper Rock legal templates are written by highly qualified English lawyers that are currently practising in the field of commercial and corporate law. The templates you download here reflect the same quality as if you’d instructed our lawyers to draft them for you. They also write all our document descriptions so you can rest assured every bit of information is legally accurate up to date.
Whatever your method of purchase, there is no limit to the number of times you can download your templates. However, many customers prefer to invest in an annual subscription. This offers exceptional value with unlimited downloads from our entire document library.
The Paper Rock team is available to answer questions via Live Chat during UK business hours. When live chat is unavailable, email support@paperrock.com. We aim to respond to your emails within a 24-hour period. We also encourage you to ask questions via our social channels.Â