Issue & Allotment of Shares – board minutes requiring shareholder approval for proposed allotment

Board Minutes – Issue & Allotment of Shares

CO.ITA.03

These Board Minutes – Issue & Allotment of Shares approve the issue & allotment of new shares in a private company.

These Board Minutes also include the relevant wording for obtaining shareholder approval (by way of written resolution) in order to authorise the directors to allot the shares as well as disapply pre-emption rights. 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). Our Checklist for the Issue & Allotment of Shares sets out the circumstances when shareholder approval will be 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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