allotment of shares

In the event of a share issue a bank may handle the advertisement, application and allotment of shares.

What if the form details several transactions (e.g. an allotment of shares over a period of time)?

Find out more on the page in this guide on returns of allotments of shares and changing addresses.

Tele Atlas parent company joins as a strategic partner with preferential allotment of shares.

However, the article relating to allotment of shares is a special one which does not appear in Table A but nevertheless applies to this particular company.

It must also include a copy of the valuation report in the event of a recent allotment of shares for a non- cash consideration.

In 2013, it was announced that Etihad Airways would buy a 24% stake in the airline through preferential allotment of shares.

At Price Waterhouse, the allotment of shares that the top partners receive has been fixed for over a decade and is not allowed to change, a spokesman said.

Within one month of the allotment of shares, a limited company must deliver a return of allotment, on Form SH01, to Companies House.

See a screenshot of the WebFiling screen for return of allotment of shares (form SH01) - Opens in a new window.

To complete a return of allotment of shares (form SH01) using WebFiling, you should enter the date of allotment for the cash shares.

Allotment of shares - where private companies have only one class of shares, the directors will have unlimited authority to allot shares unless the articles otherwise provide.

You can use your Companies House WebFiling service for a number of important tasks - such as completing a return of allotment of shares and changing registered addresses.

Additionally, the bank's chairman, Peter Kurer, would no longer receive any extra variable compensation, only a cash salary and a fixed allotment of shares that could not be sold for four years.

The directors of this company have therefore ignored the legal requirements now attaching to the allotment of shares and are liable to a default fine for each infringement (see Sch 24, CA1985).

(b) those accepting shareholders who accept the share offer and agree to transfer their shares in the target to the offeror will receive the right to an allotment of shares in the offeror credited as fully paid.

Could Raise $700 Million The sale of shares could raise more than $700 million, G.M. said, if demand is strong enough for a 15 percent increase in the allotment of shares, which is permitted under the terms of the offering.

The main objective of the arrangement is to attempt to avoid any contract (particularly between the merchant bank and an accepting shareholder) for the transfer of chargeable securities (eg shares, an interest in shares or any right to an allotment of shares).

There is also a somewhat vague principle in the common law which requires the majority to act fairly towards the minority (see Clemens v Clemens Bros [1976]2 All ER 268, in which the facts were not unlike those outlined: the court set aside allotments of shares by the directors).