This document is for use where a share issue is being approved by directors, rather than a unanimous resolution of shareholders.
This document assumes that directors will sign a written resolution, rather than hold a board meeting. As such, the directors’ resolution must be signed by all directors of the company. The directors who sign the resolution will also need to sign a directors’ certificate that complies with section 47 of the Companies Act 1993 (the form of that certificate follows the directors’ resolution set out in this document).
If the share issue is being approved by unanimous resolution of shareholders, use our template shareholders’ share issue resolution.
The company must notify the Registrar of Companies of the share issue within 10 working days after the shares are issued. This can be done online via the Companies Office website.