Board Minutes – Consolidation & Sub-Division

The consolidation & sub-division of share capital are the means by which a company may consolidate or sub-divide all or any part of its share capital in accordance with section 618 of the Companies Act 2006. Further details about what consolidation & sub-division are, why they may be undertaken and the procedure to be undertaken is available in our Guidance Note.

These Board Minutes – consolidation & sub-division resolve to recommend the procedure subject to obtaining shareholder approval by ordinary resolution. A company must however review its articles to check they do not exclude the proposed consolidation or sub-division. These board minutes have been drafted for use by a company considering either a consolidation or a sub-division of its share capital.

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.

These board minutes should be followed up by our Shareholders’ Ordinary Resolution for consolidation & sub-division and Companies House Form SH02, which must be filed with the Registrar within one month of the procedure having taken place. All these documents are available in this sub-folder. Form SH02 is available on Companies House website www.companieshouse.gov.uk

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