Board minutes—takeover—settlement of offer consideration—offeror
Board minutes—takeover—settlement of offer consideration—offeror

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

  • Board minutes—takeover—settlement of offer consideration—offeror
  • 1 Chair, notice and quorum
  • 2 Business of the meeting
  • 3 Directors’ duties and declaration of interests
  • 4 Offer consideration
  • 5 Creation of Loan Notes
  • 6 Settlement of consideration
  • 7 Close of meeting

Board minutes—takeover—settlement of offer consideration—offeror

[insert name of offeror] [PLC OR LIMITED]

Minutes of a meeting of [a committee of] the board of directors of [insert full name of offeror] (the Company)

held at [insert place of meeting]

on [insert date of meeting] at [insert time of meeting] [am OR pm]

Present:[Insert names of the director(s) physically present]
[[Insert names of any 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:][[iIsert name] (representative of [financial adviser] (the Bank))]
[[Insert names of others in attendance who do not count towards the quorum (eg the company secretary and/or any other advisers)]]
[Apologies:][[Insert names of any directors / committee members who are unable to attend the meeting, not usually relevant if the meeting is a committee meeting]]
    1. 1

      Chair, notice and quorum

      [Insert name] was appointed Chair of the meeting. [The Chair drew the meeting’s attention to the resolution of the board of directors dated [insert date] setting out the terms on which the committee had been constituted.] It was reported that 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

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