A demerger is a transaction whereby a business carried on by a company within a group is taken out of that group and run under separate management but...
A company having a share capital may have separate classes of shares. As a general rule, a type of share will form a separate class from other shares...
A ratchet in private equity is a mechanism to vary the amount of equity held by founders, managers and employees post-investment.In a venture capital...
Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...
This Practice Note summarises the traditional fiduciary duties of company directors, including the duty to act in the best interests of the company,...
This Practice Note provides an overview of the agreement for the sale and purchase of shares in a private limited company (target): the share purchase...
This Practice Note provides an overview of the purpose, content and scope of a comfort letter prepared by the auditors of a company preparing to offer...
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of...
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...
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, the London Stock Exchange released a notice to give companies guidance on the...
The Chartered Governance Institute guidance on statement of capitalThe details to be included in a statement of capital, where one is required from a...
Private company redemptions of shares—initial considerationsA limited company that proposes to carry out a redemption of redeemable shares must comply...
Notifying changes in share capital to Companies House—statement of capitalCoronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some...
Company number: [insert company number][insert company name] [LIMITED OR PLC]Minutes of a meeting of the board of directors (the Meeting) of [insert...
Company number: [insert company number][insert company name] limitedMinutes of a meeting of the board of directors (the Meeting) of [insert full name...
We can find no authority confirming that it is possible to convert a redeemable share into a non-redeemable share. The view reached on this question...
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