| Commentary

187 Sub-division and consolidation

| Commentary

2: RE-ORGANISATION OF SHARE CAPITAL

187 Sub-division and consolidation

The shareholders of a limited company having a share capital may pass an ordinary resolution authorising the company to sub-divide its shares, or any of them, into shares of a smaller nominal amount than its existing shares, or consolidate and divide all or any of its share capital into shares of a larger nominal amount than its existing shares1. The ordinary resolution may authorise the company2:

  1. 187.1

        to exercise more than one of the above powers;

  2. 187.2

        to exercise a power on more than one occasion;

  3. 187.3

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