Allotment, issue and pre-emption

Allotment, issue and pre-emption guidance:

The allotment of shares and issue of shares is governed by statute and the applicable statutory provisions differ according to the type of company that is proposing the...

Practice Note

The allotment and issue of shares is governed by statutory rules, which differ according to the type of company which is proposing the allotment (private or public,...

Practice Note

With some exceptions, the directors of a company must not exercise any power of the company to allot shares in the company or to grant rights to subscribe for, or convert...

Practice Note

The allotment and issue of shares is governed by statutory rules, which differ according to the type of company which is proposing the allotment (private or public,...

Practice Note

The allotment and issue of shares is governed by statutory rules, which differ according to the type of company which is proposing the allotment (private or public,...

Practice Note

Under the Companies Act 2006 (CA 2006), a company is formed when one or more persons: • subscribe their names to a memorandum of association, and • comply with the...

Practice Note

1 Authority to allot shares—no distinction made between different classes of shares (general or specific authority) 1.1 [Without prejudice to section 550 of the CA 2006...

Precedents

1 Authority to allot shares—no distinction made between different classes of shares (general or specific authority) 1.1 Save to the extent that they are authorised to do...

Precedents

The allotment of shares is governed by the Companies Act 2006 (CA 2006). The requirements that apply differ according to the type of company that is proposing the...

Practice Note

Company number: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert full name of...

Precedents

Company number: [insert number] [insert company name] PLC Minutes of a meeting of the [committee of the] board of directors [(the Committee)] (the Meeting) of [insert...

Precedents

Company number: [insert company number] Registered in [insert country of registration] [insert company name] [plc OR limited] Minutes of a meeting of the [committee of...

Precedents

Company number:: [insert number] [insert company name][Plc OR Limited] Minutes of a meeting of the [committee of the] board of directors (Meeting) of [insert name of the...

Precedents

Company number: [insert number] [insert company name]PLC Minutes of a meeting of the [committee of the] board of directors (the Meeting) of [insert company name] plc (the...

Precedents

Company number: [insert number] [insert company name]PLC Minutes of a meeting of the [committee of the] board of directors (the Meeting) of [insert company name] plc (the...

Precedents

It is a fundamental rule of English company law that a limited company having a share capital must maintain that capital. This capital maintenance rule is intended to...

Practice Note

The Directors [insert company name] [insert company address] [insert date] Dear Directors [insert company name][Limited OR PLC] (the Company) [I OR We], of [insert...

Precedents

A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006). Why do companies issue redeemable shares?...

Practice Note

The Directors [insert company name] [insert company address] [insert date] Dear [Company name OR Directors] [insert company name][Limited OR PLC] (the Company) [I, OR...

Precedents

The Directors [Insert company name] [Insert company address] [insert date] Dear [Company name OR Directors] [Insert company name][Limited OR PLC] (the Company) [I, OR...

Precedents

A company must be able to provide any of its members with a statement of capital on request. A statement of capital must also be filed with Companies House in connection...

Practice Note

The Companies Act 2006 (CA 2006) gives existing shareholders of companies a right of pre-emption by providing that a company must not allot equity securities unless it...

Practice Note

This Practice Note covers the issues relating to pre-emption rights of shareholders of listed companies. A listed company has obligations pursuant to provisions of the...

Practice Note

A pre-emption right is a right of first refusal to purchase shares, given to an existing holder of ordinary shares on an allotment of equity securities by a company. The...

Practice Note

The Companies Act 2006 (CA 2006) gives existing shareholders of companies a right of pre-emption by providing that a company must not allot equity securities unless it...

Practice Note

The Companies Act 2006 (CA 2006) gives existing shareholders of companies a right of pre-emption by providing that a company must not allot equity securities unless it...

Practice Note

SPECIAL RESOLUTION THAT if [insert reference to the resolution granting authority to allot shares] is passed, the Board be authorised to allot equity securities (as...

Precedents

ORDINARY RESOLUTION THAT the directors be [specifically authorised to [insert details of the specific authority] OR generally and unconditionally authorised to exercise...

Precedents

Authority to allot shares—no distinction made between different classes of shares (general or specific authority) [ORDINARY OR [INSERT OTHER]] RESOLUTION THAT [, subject...

Precedents

SPECIAL RESOLUTION[S] 1 THAT if [insert reference to the resolution granting authority to allot shares] is passed, the Board be authorised to allot equity securities (as...

Precedents
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