Board minutes of a private or unlisted public company approving a redemption of shares
Board minutes of a private or unlisted public company approving a redemption of shares

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Board minutes of a private or unlisted public company approving a redemption of shares
  • 1 Chairman, notice and quorum
  • 2 Business of the Meeting
  • 3 Declaration of interests
  • 4 The Redemption
  • 5 Steps following Redemption
  • 6 Close of meeting

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 company] Limited (the Company)

Held at [insert place of meeting]

Held on [insert day, month and year of meeting] at [insert time of meeting] [am OR pm]

Present:[insert names of director to be Chairman] (Chairman)
[insert names of directors who are physically present]
[[insert names of directors present by telephone as permitted by the Company’s articles of association] (by telephone)]
[[insert names of any directors present by other means permitted by the Company’s articles of association] (by [insert other means])]
[In attendance:][[insert names of those in attendance, who do not count towards the quorum (eg the company secretary, any legal advisers) (if any)]]
[Apologies:][[insert names of directors who are unable to attend meeting (if any)]]
    1. 1

      Chairman, notice and quorum

      [Insert name] was appointed Chairman of the Meeting. The Chairman reported that due notice of the Meeting had been given in accordance with the Company’s articles of association (the Articles) and that a quorum was present. Accordingly, the Chairman declared the Meeting open.

    1. 2

      Business of the Meeting

      The

Chairman reported that the purpose of the Meeting was to consider and, if thought fit, approve a redemption of [insert number] redeemable shares of £[insert number] each in the capital of the Company (the Shares) [for a total consideration of £[insert number]] (the Redemption
  1. ).

  1. 3

    Declaration of interests

    1. 3.1

      [The Chairman drew the attention of the Meeting to:

      1. 3.1.1

        [a declaration of interest by notice in writing from [insert name of director] dated [insert date of notice] made and sent to the other directors of the Company in accordance with section 184 of the Companies Act 2006 (the CA 2006), which the Chairman noted was deemed to form part of the proceedings at the Meeting[; and OR .]

      AND/OR

      1. 3.1.2

        a declaration of interest by general notice from [insert name of director] dated [insert date] made and given to the other directors of the Company in accordance with section 185 CA 2006, which the Chairman then read to the Meeting.]]

    1. 3.2

      [[[Insert name(s)] OR Each of the directors present] confirmed that they had no interest in the transactions and other arrangements to be considered at the Meeting that they were required to declare by section 177 CA 2006, section 182 CA 2006 or the Articles, which they had not previously duly declared in accordance with the relevant provisions.

      AND/OR

      [The following directors OR Each of the directors present] declared the nature and extent of their interests in the transactions and other arrangements to be considered at the Meeting in so far as required by [

      1. section 177

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