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