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This legal template, titled "Section 570 General Meeting Notice To Disapply Pre-Emption Rights On Secondary Share Issues under UK law," pertains to the disapplication of pre-emption rights relating to secondary share issues in accordance with Section 570 of the UK Companies Act or a related legal provision.

In the context of corporate governance, pre-emption rights grant existing shareholders the opportunity to purchase additional shares in proportion to their current ownership percentage, thereby maintaining their proportional ownership in the company. However, in certain circumstances, a company may need to raise funds by issuing shares to new investors or existing shareholders without providing them with pre-emption rights.

This legal template is designed to provide a framework for the company to notify its shareholders of its intention to disapply pre-emption rights for secondary share issues. It details the specific requirements and procedures that must be followed in accordance with UK law and the company's articles of association.

The template may include key information such as the purpose and rationale for disapplying pre-emption rights, the proposed share issue size or value, the duration of disapplication, any limitations or restrictions, and the relevant statutory provisions supporting the decision. It may also outline the process for convening a general meeting of shareholders, including the notice period and the voting requirements for approving the proposed resolution to disapply pre-emption rights.

Furthermore, the template may incorporate additional clauses and provisions that align with the company's unique circumstances, such as any exemptions or conditions that may be applicable. It should be prepared by a legal professional or an individual with a comprehensive understanding of company law in the UK, ensuring compliance with all relevant regulations and ensuring the fair treatment of shareholders in the decision-making process.

Ultimately, this legal template aims to provide a clear and legally binding framework for notifying shareholders about the company's intention to disapply pre-emption rights on future secondary share issues, fostering transparency, and allowing shareholders to exercise their right to vote on such matters.

The Section 278 (Highways Agreement) is a legal template under UK law that outlines the obligations, responsibilities, and requirements for parties involved in the construction or alteration of a highway that connects to a development site. This agreement is typically entered into between local highway authorities and developers or builders to mitigate the impact of the development on the existing road network and ensure its proper construction and maintenance.

The template covers various aspects related to the construction, improvement, and adoption of the highway by the local authority. It typically includes provisions regarding the design, materials, and construction methods that need to be followed to ensure the highway meets the required standards. The agreement may also detail the processes involved in obtaining necessary permits, licenses, or consents for the works.

Furthermore, the template may specify the responsibilities and liabilities of each party involved. For instance, the developer is usually responsible for the costs associated with the construction works, including the design, supervision, and potential traffic management measures. The agreement may also outline the obligations of the developer to repair any damage caused during the works or to maintain the highway for a specified period following completion.

Additionally, the template can address other pertinent issues such as timeframes for completing the works, access arrangements, health and safety requirements, and insurance provisions to safeguard against potential risks. It may also include provisions for dispute resolution mechanisms in case conflicts arise during the implementation or execution of the agreement.

Overall, the Section 278 (Highways Agreement) template serves as a comprehensive document that sets out the legal framework, conditions, and obligations for all parties involved in the construction, improvement, and adoption of highways connected to development sites in the UK. Its primary purpose is to ensure that the necessary infrastructure changes are carried out in a manner that harmonizes with the existing road network while considering the broader interests of public safety, traffic management, and urban development.

The Section 21(1) or 21(4) Notice (Wales) is a legal template used in the United Kingdom, specifically in Wales, under the country's housing laws. This template is typically referred to by landlords or letting agents seeking to regain possession of a property let under an assured shorthold tenancy (AST) agreement.

In England and Wales, Section 21 of the Housing Act 1988 outlines the procedures for landlords to end an AST without fault or breach on the part of the tenant. The Section 21(1) or 21(4) Notice is specific to Wales, indicating which version of the notice is being served within the template.

The Section 21(1) notice is used when a fixed-term tenancy is ending or has already ended, without any fault or breach committed by the tenant. This notice provides the tenant with at least two months' notice to vacate the property, giving them sufficient time to find alternative accommodation and make necessary arrangements.

On the other hand, the Section 21(4) notice is relevant when the tenancy is periodic (rolling from month to month) or a statutory periodic tenancy has arisen after the end of a fixed-term tenancy. Like the Section 21(1) notice, the Section 21(4) notice gives the tenant at least two months' notice before the landlord expects them to leave the premises. This notice can be served after the initial fixed term of the tenancy has ended, providing landlords with a method to seek possession.

It is important to note that specific rules and regulations vary slightly between England and Wales. Therefore, this Section 21(1) or 21(4) Notice (Wales) legal template serves as a standard framework in compliance with the applicable Welsh housing legislation. It ensures landlords follow the required legal procedures to terminate an AST without fault, while also providing tenants with sufficient notice and the opportunity to arrange their relocation.