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Issue & Allotment of Shares – BMs requiring shareholder approval by Written Resolution

Board Minutes – Issue & Allotment of New Shares Approval by Written Resolution

CO.ITA.03

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 written resolution.

If the company proposes to seek shareholder approval by way of a general meeting, please see the 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 have recently been updated to include reference to the PSC register (persons of significant control) and that by allotting and issuing new shares in a company, shareholdings may change requiring a notifiable change to the register.

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.

Once you have subscribed to the Corporate Document Folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

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