What does a company need to consider before issuing new shares?

Before the shares can be allotted by the company, the following matters need to be checked and, if necessary, documented: that the directors have necessary authority to allot shares whether pre-emption rights on the issue of shares applicable to the company need to be waived or disapplied. Pre-emption rights may arise under one or more of the Companies Act 2006, the company’s Articles of Association and, if applicable, the company’s Shareholders Agreement whether the subscriber is required to become bound by the company’s Shareholders Agreement

When do I use this bundle? For an investment transaction with a single investor in a private limited company What documents are included? term sheet for an investment for ordinary shares Investment term sheet: ordinary shares investment NDA NDA: investment (short) legal due diligence checklist Due diligence checklist: investment investment and shareholders agreement Investment and Shareholders Agreement: established business single investor Articles of association Articles of Association: established business single investor

Subscription letter: shares

Subscription letter for the application by a subscriber for the allotment of new shares in a private limited company.

for the allotment of new shares in a private limited company
for a subscription for shares in a company for cash
for a standard application for new shares without a separate subscription or investment agreement

What are the key features?

alternative subscription letters depending on whether the subscriber is an individual or a company
to be completed with information about the company issuing shares and the subscriber, the number of shares and price per share

Following the subscription, the details of the shareholder and issued shares should be recorded in the company’s register of allotments and register of members – see Statutory Registers Template

What other documents are available?

For fuller forms forms of share subscription agreement and explanations for their use, see Subscription Agreement Template

Description

When do I use this bundle?

For an investment transaction with a single investor in a private limited company

What documents are included?

term sheet for an investment for ordinary shares Investment term sheet: ordinary shares
investment NDA NDA: investment (short)
legal due diligence checklist Due diligence checklist: investment
investment and shareholders agreement Investment and Shareholders Agreement: established business single investor
Articles of association Articles of Association: established business single investor

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£15.00 exc VAT

Updated by a lawyer on 15/08/2024

Updated By a lawyer on 11/15/2022

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Subscription letter: shares