Companies Act 2014 section 1087O

Disapplication of requirement for certificate in respect of applicable securities

Section 1087O removes the requirement for paper certificates in respect of applicable securities issued by a PLC, overriding any existing provisions that may call for such certificates.

• Any provision in a PLC's constitution requiring a certificate for applicable securities no longer applies
• Any resolution of a PLC, its directors, or holders of applicable securities requiring a certificate is similarly disapplied
• Terms of issue of any applicable securities that require a certificate are overridden
• This disapplication applies regardless of how such requirements are worded and whether they are express or implied