(1) The members who requested the statement to be circulated need not paythe expense incurred by the company in complying with section 290 if—
(a) the meeting to which the requests relate is an annual general meeting of a public company; and
(b) the company receives requests sufficient to require the company to circulate the statement before the end of the financial year preceding the meeting.
(2) If subsection (1) does not apply, then—
(a) unless the company resolves otherwise — the members who requested the statement to be circulated are liable to meet the expenses of the company in complying with section 290; and
(b) unless the company has previously resolved not to circulate statements to its members as required by section 289, it is bound to comply with section 290 only if, not later than seven days before the meeting, an amount reasonably sufficient to meet its expenses in doing so is deposited or tendered to it.
(a) the meeting to which the requests relate is an annual general meeting of a public company; and
(b) the company receives requests sufficient to require the company to circulate the statement before the end of the financial year preceding the meeting.
(2) If subsection (1) does not apply, then—
(a) unless the company resolves otherwise — the members who requested the statement to be circulated are liable to meet the expenses of the company in complying with section 290; and
(b) unless the company has previously resolved not to circulate statements to its members as required by section 289, it is bound to comply with section 290 only if, not later than seven days before the meeting, an amount reasonably sufficient to meet its expenses in doing so is deposited or tendered to it.
Check the current authoritative text and amendment history before relying on a provision.