[779 Prohibition on issue of new share warrants and effect of existing share warrants]
[779 Prohibition on issue of new share warrants and effect of existing share warrants]
Companies Act 2006 | Legislation

(1)     A company limited by shares may, if so authorised by its articles, issue with respect to any fully paid shares a warrant (a “share warrant”) stating that the bearer of the warrant is entitled to the shares specified in it.

(2)     A share warrant issued under the company's common seal or (in the case of a company registered in Scotland) subscribed in accordance with the Requirements of Writing (Scotland) Act 1995 (c 7) entitles the bearer to the shares specified in it and the shares may be transferred by delivery of the warrant.