624 Effect of redenomination
Companies Act 2006 | Legislation

624  Effect of redenomination

(1)     The redenomination of shares does not affect any rights or obligations of members under the company's constitution, or any restrictions affecting members under the company's constitution.

In particular, it does not affect entitlement to dividends (including entitlement to dividends in a particular currency), voting rights or any liability in respect of amounts unpaid on shares.

(2)     For this purpose the company's constitution includes the terms on which any shares of the company are allotted or held.

(3)     Subject to subsection (1), references to the old nominal value of the shares in any agreement or statement, or in

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