RE: Companies House18 May 2021 19:41
Does removal of the rights give other companies a right to shares before existing shareholders then? The paragraph below reads like that.
“Usually, shareholders in a company will benefit from pre-emption rights. These provide current subscribers with the first refusal when a company issues new shares. Should there be pre-emption rights, new shares in a company cannot be given to other prospective investors without first being given to the existing shareholders. “