Issue & Allotment of Shares – BMs requiring shareholder approval by General Meeting

Board Minutes – Issue & Allotment of New Shares Approval by General Meeting

CO.ITA.11

These Board Minutes approve the issue and allotment of new shares in a private company following shareholder approval of the allotment and the disapplication of pre-emption rights by way of general meeting.

If the company proposes to seek shareholder approval by way of written resolution, please see our alternative board minutes also included within this subfolder.

Note that it will not always be necessary to have shareholder authorities in place to allot shares (or they may already be in place and do not need to be repeated). The Checklist for the Issue & Allotment of Shares sets out the circumstances when shareholder approval is required.

These Board Minutes are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.

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