"We couldn't do as good a job as we do without it. UUÂãÁÄÖ±²¥ gives us the security and confidence that we are best serving our clients because the information we are working on is the most accurate we can get"
Avensure
Access all documents on Share Capital
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.
For our full legal glossary and more legal research sources, register for a free Lexis+ trial
Client Classification Checklist This checklist provides an overview of the Financial Conduct Authority’s (FCA) client classification requirements and may assist those seeking to classify clients as either retail clients, professional clients or eligible counterparties. • 1. Is the firm providing services relating to a child trust fund (CTF) (except for a personal recommendation relating to a contribution to a CTF) to the client? (COBS 3.4.2 R) If yes, the client is a Retail Client. If no, please see question 2. • 2. Is the firm providing any of the following services ('Eligible Counterparty Business') to the client? ◦ Dealing on own account, executing orders on behalf of clients or receiving and transmitting orders ◦ Carrying on any ancillary services directly related these services, or ◦ Arranging in relation to business that is not MiFID or equivalent third country business. (COBS 3.6.1(2) R) If yes, please see question 10. If no, please see question 3. • 3. Is the client an entity required to be authorised or regulated to operate in...
Listing requirements and continuing obligations—premium listing and standard listing—prior to 29 July 2024 A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This checklist reflects the listing regime prior to 29 July 2024 and has been retained for reference purposes. This checklist compares the listing requirements and key continuing obligations that previously applied to a commercial company with a listing of equity securities on the premium and standard listing segments prior to 29 July 2024. Requirements for listing—prior to 29 July 2024...
Discover our 57 Checklists on Share Capital
Reconversion of stock to
Sub-division and/or consolidation of share
Discover our 15 Flowcharts on Share Capital
Practical steps involved in implementing growth shares What are growth shares and are they appropriate? Growth shares, also known as value shares or hurdle shares, are a special class of shares that have restricted rights. These rights are designed to allow employees only to participate in post-acquisition increases in the value of the company. For more detailed explanation of the key features of growth shares and when they are normally introduced by a company, see Practice Note: Growth shares (value shares). Key features of growth shares Growth shares are specially constituted and classified under the articles of association of the company as a separate class of shares from the existing shares in the company. They will be issued to selected employees and will be subject to the provisions of the articles of association and also either to the subscription agreement that each participating employee will be asked to sign or the option documentation that they enter into, where the employee acquires their growth shares via an option over...
Funding an employee benefit trust This Practice Note covers the following issues in relation to the funding of an employee benefit trust (EBT): • practical aspects of funding an EBT • financial assistance—the background • financial assistance—the current position • relevance of financial assistance to EBTs • financial assistance—exemptions • the employees’ shares scheme exemption • consequences of non-compliance of the financial assistance provisions • tax implications for close companies which fund EBTs, and • corporation tax relief in respect of EBT funding Practical aspects of funding an EBT When an EBT is first set up, it needs to be provided with initial financing, as a trust cannot exist without initial trust assets. It is common for a nominal amount, for example £100, to be settled on the trustee in order to establish the EBT (for further details, see Practice Note: Setting up an EBT). However, after the EBT has established, other funding can be provided. This may be by way of: • voluntary contribution • loan...
Discover our 654 Practice Notes on Share Capital
Placing letter—AIM [ON THE LETTERHEAD OF THE PLACING AGENT] Application has been made for the whole of the issued and to be issued ordinary share capital of the Company to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Ordinary Shares will commence on AIM on [insert expected date of admission to AIM]. No liability whatsoever is accepted by [insert name of Placing Agent] for the accuracy of any information or opinions contained in the Admission Document (as defined below), for which [insert name of Placing Agent] is not responsible, or for the omission of any material information from the Admission Document. Persons receiving this document should note that, in connection with the Placing (as defined below) and Admission, [insert name of PLACING AGENT] is acting exclusively for the Company and no-one else and will not be responsible to anyone other than the Company for providing the protections afforded to its customers or for advising any other...
Director’s questionnaire—secondary offers Private and confidential [Insert company name] (Company) Introduction Director's questionnaire For completion by [insert date] This questionnaire has been prepared in connection with the proposed [placing OR open offer OR rights issue] of [insert amount] ordinary shares of [insert nominal value] pence each in the capital of the Company (Ordinary Shares) and the proposed application for admission of the Ordinary shares to [listing on the Official List of the Financial Conduct Authority and to trading on the market for listed securities operated by London Stock Exchange plc OR trading on AIM] (Admission). This is an important document and you should answer all questions truthfully and without omissions. Please answer all questions fully and if insufficient space is provided please provide additional information on a separate sheet of paper duly signed, dated and attached to this questionnaire. If a question is answerable in the negative, please answer 'No'. Do not leave any section blank. In this questionnaire, the term 'company' includes any...
Dive into our 292 Precedents related to Share Capital
If there was a situation where there is an SPV borrower, being an English limited company owned by a charity, would anything specific need to be done for the charity to validly: (1) grant limited recourse share security; or (2) enter into subordination arrangements; or (3) would the SPV granting security also need special treatment? it is not itself a charity but is 100% owned by one. It is not stated within this question the structure of the charity in question, and you may need to refer to specific rules in relation to the exact structure of the charity. As such we have set out our general information below which we hope you will find useful in your further research. For background information you may wish to refer to our subtopic Charity and not-for-profit. Trading subsidiary For the purposes of this response we have treated the SPV in your question as a trading subsidiary. According to the Charity Commission 'A ‘trading subsidiary’ is a company, owned...
Where a dividend payable by a company has been unclaimed for a period of more than 12 years so that, in accordance with its articles of association, it ceases to be owed to the intended recipient, what can the company do with the sums that represent that forfeited dividend? Once a final dividend is declared by a company (ie approved by its members) it becomes a debt that is immediately due from the company to its members and payment can be enforced, unless the terms of the approving resolution provide for it to be payable at a future date, in which case, it becomes a debt due only on that date; in contrast, the decision to pay an interim dividend is one for a company’s directors and no debt becomes due from the company to its members at the time that decision is made and payment cannot be enforced—a member’s right to an interim dividend does not arise until the dividend is actually paid (Burland v...
See the 341 Q&As about Share Capital
A round-up of key developments on State aid, first reported by the Lexis+ Competition team. This update covers the period 25 June–1 July 2025.
This week's edition of Corporate weekly highlights includes news of the government publishing a policy paper in support of its Modern Industrial Strategy, focussed on economic growth and industrial renewal. Key highlights are the government moving forward with implementing the introduction of ARGA to replace the FRC as the statutory regulator for audit and corporate governance, and a 12–week consultation on amending the National Security and Investment Act 2021 foreign direct investment regime (specifically, amending the list of sectors caught by the regime). There is otherwise a focus on corporate governance issues and continuing with reforms to the UK listing regime.
Read the latest 86 News articles on Share Capital
**Trials are provided to all UUÂãÁÄÖ±²¥ content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these UUÂãÁÄÖ±²¥ services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234