Companies Act 2014 section 1033

Dispensation from section 1028: cases in which consideration for allotment falls into both section 1031 and section 1032

Section 1033 deals with situations where a public limited company allots shares in return for a mixed package of consideration that includes both securities-based and non-securities-based elements, and how the exemption rules from sections 1031 and 1032 apply in combination.

• Where consideration for a share allotment includes both securities-based and non-securities-based elements (and possibly cash as well), both sets of exemption rules apply to their respective portions.
• The section 1031 rules govern the securities-based portion of the consideration, while the section 1032 rules govern the non-securities-based portion.
• The notice of the proposed allotment that must be filed with the Registrar may be combined into a single document covering both types of consideration.
• The combined notice must be delivered to the Registrar no later than the earliest filing deadline specified under section 1032(8).