Reconversion of stock to shares—board minutes
Reconversion of stock to shares—board minutes

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

  • Reconversion of stock to shares—board minutes
  • 1 Notice and quorum
  • 2 Background to proposed reconversion of stock into shares
  • 3 Business of the Meeting
  • 4 Declaration of interests
  • 5 Reconversion—process
  • 6 Resolutions
  • 7 Close

Reconversion of stock to shares—board minutes

Company number: [insert number]

[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 who are 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:][[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

      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 reconversion of stock into shares

      The Chairman noted that the Company converted its [insert class] shares of £[insert value] into stock of £[insert value] (the Stock) on [insert date]. [Insert a

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