Equity warrant instrument—private limited company
Published by a LexisNexis Corporate expert
PrecedentsEquity warrant instrument—private limited company
Published by a LexisNexis Corporate expert
Precedents
This Warrant Instrument is dated [insert date]
Parties
1
[Name of Issuer], incorporated in England and Wales under number [company number] whose Registered office is at [address] (Company)
Background
The board of directors of the Company has by resolution passed on [insert date] authorised the creation of warrants giving their holders the right to subscribe for new shares in the capital of the Company at a subscription price and on the terms set out in this Instrument.
THIS INSTRUMENT PROVIDES:
1
Definitions and interpretation
1.1
In this Instrument, unless the context otherwise requires the following expressions shall have the following meanings:
Adjustment Event
- •
has the meaning set out in paragraph 3 of Schedule 4;
Articles
- •
means the articles of association of the Company for the time being;
Business Day
- •
means a day, other than a Saturday, Sunday or public holiday, on which clearing banks are open for non-automated commercial business in the City of London;
Certificate
- •
means the certificate in the form set out in Schedule 2;
Companies Act
- •
means the Companies Act 2006;
Conditions
- •
means the conditions set out in Schedule 1 as amended from time to time
- •
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Equity definition
What does Equity mean?
Capital that is used to finance companies in the form of ordinary share capital as opposed to debt finance. The term is also sometimes used to describe preference shares or subordinated loan capital contributed by equity investors (commonly known as quasi-equity) to distinguish it from third party debt.
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