The following Corporate guidance note provides comprehensive and up to date legal information covering:
This user guide provides guidance and tips on using the Lexis®PSL Corporate’s AGM share capital authorities calculator (Calculator) which is suitable for use by both listed and unlisted public companies and AIM companies. It also includes several worked examples and example reports.
A company is required by the Companies Act 2006 (CA 2006) to obtain the approval of its shareholders (by special or ordinary resolution) in order to authorise the directors to carry out certain actions in relation to the company's share capital. The shareholders of a public company will usually grant the relevant approvals annually at the company's annual general meeting (AGM) (which all public companies are required to hold). For details on AGMs, see: Calling an AGM—overview and Holding an AGM—overview.
In addition to complying with the provisions of the CA 2006:
a company that has any class of its securities admitted to the Official List of the Financial Conduct Authority (FCA), as well as admission to trading on the London Stock Exchange (a Listed Company) is required to comply with the Listing Rules (LRs) of the FCA and should (as a matter of best practice), if it has a premium listing of equity shares on the Official List of the FCA, or may choose to, if it has a standard listing of equity shares on the Official List of
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