(1)
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Gather below information:
(a) allotting date or dates;
(b) currency;
(c) class of share;
(d) the number of shares; and
(e) share value.
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(2)
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Review the company’s articles and make sure the directors can allot new shares.
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(3)
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It is recommended that all shares were paid up at the time of allotment or as soon as possible.
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(4)
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The issued shares are expected to be fully registered and paid up as part of the investors?due diligence check.
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(5)
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Power should be given to existing shareholders a right to be offered the new shares when there are no pre-emption rights in the Articles or in a shareholders?agreement.
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(6)
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If partial, no payment, and/or deferment of shares issue is not allowed in company’s articles, then the shareholders have to pass a resolution to allot new shares in a general meeting or by a written resolution, and modified the articles.
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(7)
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Make an offer of shares to the prospective shareholders.
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(8)
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Hold a meeting or pass a written resolution to issue the shares.
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(9)
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Make sure new shares paid or unpaid were correctly recorded.
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(10)
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Update the register of members and issue share certificates.
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(11)
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Record the shares issue actions in company minutes.
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(12)
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Complete Form SH01 and submit the form with Companies House within a month.
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(13)
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The new allotments and individual shareholders will be in the next annual Confirmation Statement.
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