533. References to holder of shares in relation to offer

(1) In this Chapter, in relation to an offer to allot securities required by—
(a) section 520 (existing shareholders' right of pre-emption), or
(b) any provision to which section 527 applies (articles conferring corresponding right),
a reference (however expressed) to the holder of shares of any description is to whoever was the holder of shares of that description at the close of business on a date to be specified in the offer.
(2) The specified date must fall within the period of 28 days immediately before the date of the offer.