
Board minutes approving the pre-emptive offer of further ordinary shares
Use these template board minutes at a meeting where the directors want to approve the pre-emptive offer of further ordinary shares to existing shareholders.
A pre-emptive offer means that where you are issuing new ordinary shares for cash, you are required (unless these rights are disapplied) to offer these new shares to all existing ordinary shareholders on identical or more favourable terms and in proportion to the shareholders' existing shareholdings.
This template assumes that your company has not disapplied such pre-emption rights, and wishes to offer new shares to existing shareholders in accordance with their pre-emption rights.
This template generates minutes of a board meeting at which the directors approve circulation of the letter to shareholders, and the associated offer of shares.
Use this template to minimise the risk of disputes with your company's shareholders, and ensure that you comply with relevant company law.
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