Consolidation of share capital—board minutes
Consolidation of share capital—board minutes

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

  • Consolidation of share capital—board minutes
  • 1 Chairman, notice and quorum
  • 2 Background to proposed consolidation
  • 3 Business of, and documents produced at, the Meeting
  • 4 Declaration of interests
  • 5 Consolidation—process
  • 6 Companies House filings
  • 7 Resolutions
  • 8 Close

Company number: [insert]

[insert company name] [LTD OR PLC]

Minutes of a meeting of the board of directors (the Meeting) of [insert full name of company] (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 Chairman] (Chairman)[insert names of directors 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:][[insert names of those in attendance, usually advisers]]
[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. 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 Chairman declared the Meeting open.

    1. 2

      Background to proposed consolidation

      The Chairman noted that the current nominal value of the Company’s [insert class] shares is £[insert figure] (the Shares). The Chairman further noted that the current issued share capital of the Company is £[insert figure] divided into [insert number] Shares. [Insert a brief explanation of the reasons for the proposed consolidation of

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