Test yourself

Read the sentences below and identify which of the three sections contains an error. TA S6, TA S11


If the Company proposes to issue further shares (the 'Issued Shares'), the Issued Shares shall be offered to the Shareholders at a price and upon terms determined by the board of directors. The Company shall give written notice (the 'Issuing Notice') to each of the Shareholders, setting up the price at which, and terms on which the Issued Shares are being offered.


If the Company proposes to issue further shares (the 'Issued Shares'), the Issued Shares shall be offered to the Shareholders
at a price and upon terms determined by the board of directors. The Company shall give written notice (the 'Issuing Notice')
to each of the Shareholders, setting up the price at which, and terms on which the Issued Shares are being offered.