http://www.legislation.gov.uk/id/uksi/2008/3229/schedule/1

SCHEDULE 1MODEL ARTICLES FOR PRIVATE COMPANIES LIMITED BY SHARES

PART 3SHARES AND DISTRIBUTIONS

Transmittees bound by prior notices29

If a notice is given to a shareholder in respect of shares and a transmittee is entitled to those shares, the transmittee is bound by the notice if it was given to the shareholder before the transmittee’s name has been entered in the register of members.