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.

Use these minutes where shareholder approval has been given by written resolution

These minutes are intended for use following shareholder approval of the allotment and the disapplication of pre-emption rights by way of written resolution.

Alternative minutes where shareholder approval is by general meeting

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.

When shareholder authorities may not be required

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.

PSC register considerations following an allotment

These board minutes have recently been updated to include reference to the PSC register (persons of significant control).

By allotting and issuing new shares in a company, shareholdings may change requiring a notifiable change to the register.

Board Minutes – Issue & Allotment of New Shares Approval by Written Resolution is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.