Board minutes—secondary offers—rights issue—pre-impact
Board minutes—secondary offers—rights issue—pre-impact

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

  • Board minutes—secondary offers—rights issue—pre-impact
  • 1 Notice and quorum
  • 2 Business of the meeting
  • 3 Declaration of interests
  • 4 Documents
  • 5 Rights issue
  • 6 The underwriting agreement
  • 7 The prospectus and verification
  • 8 Powers of attorney
  • 9 General meeting
  • More...

Company number: [insert number]

[insert company name]PLC

Minutes of a meeting of the [committee of the] board of directors (the Meeting) of [insert company name] plc (the Company)

Held at [insert place of meeting]

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

Present:[insert name of director to be Chair] (the Chair)
[insert names of directors present]
In attendance:[insert names of those in attendance, usually advisers]
    1. 1

      Notice and quorum

      [insert name] was appointed Chair of the Meeting. It was reported that [the committee of directors had been duly appointed in connection with the proposed rights issue of new [insert class] shares of the Company,] proper 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 Chair declared the Meeting open.

    1. 2

      Business of the meeting

      1. 2.1

        The Chair reported that the principal purpose of the meeting was to consider, and if thought fit approve:

        1. 2.1.1

          the proposed issue of up to [insert number] new [insert class] shares in the Company (the Rights Issue Shares) through a rights issue to the Company's existing [insert class] shareholders (the Rights Issue) to raise up to £[insert amount] (approximately £[insert amount] net of expenses);

        1. 2.1.2

          the proposed underwriting of the Rights Issue by [enter name of underwriter] (the Underwriter);

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