Board Minutes - Bonus or Capitalisation Issue
A bonus or
Further details about what a bonus issue is, why bonus shares are issued and the procedure to issue bonus shares is available in our Guidance Note on Bonus
These Board Minutes – Bonus and Capitalisation Issue resolve to declare a bonus issue without a subsequent shareholder resolution. These board minutes should only be used by companies with one class of share who do not require specific
Many companies will require shareholder approval to issue bonus shares, in which case our Board Minutes – Bonus or Capitalisation Issue requiring shareholder
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.
The company must notify the allotment of bonus shares to Companies House on Form SH01. Companies House own advice states that the amount paid on each share should be shown as 'nil' or '0.00' and the shares as paid up 'otherwise than in cash'. Form SH01 is available in the Free Section of our website and on Companies House website, www.companieshouse.gov.uk.
Once you have subscribed to the appropriate 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.