Guidance Note - Bonus Shares
A bonus issue of shares (also known as a
Bonus shares are paid for out of a company’s accumulated profits and can be issued as an alternative to dividends. The effect of a bonus issue in a company’s balance sheet is to transfer a sum equivalent to the nominal value of the bonus shares from ‘profits for distribution’ to ‘share capital’. The company
This guidance note has been written in conjunction with our bonus share allotment board minutes and shareholder resolution.
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