Issue of Shares Service - Xact+ Accountants UK

What is an issue of shares?

An issue of shares refers to the process by which a company offers new shares to investors or existing shareholders, expanding its capital base. In the UK, this involves several steps to ensure compliance with Companies House regulations. The issuance typically begins with the company board’s decision to issue shares, followed by a resolution from the shareholders.

Issue of shares process

The process include:

Preparation: Drafting necessary documents and updating the company’s confirmation statement.

Approval: Getting approval from the existing shareholders.

Issuance: Officially issuing the shares and recording the details in the company’s register of members.

Filing: Submitting the relevant forms and documents to Companies House.

Confirmation Statement: Updating the confirmation statement to reflect the new share structure.

Xact+ Accountants can expertly guide you through the entire process, ensuring all legal and financial requirements are seamlessly met, from the initial decision to the final filing with Companies House.

Our expertise simplifies the complexities of share issuance, making it a smooth and efficient process for your business.

Take advantage of our Issue of Shares Service for just £79.99.

How it works:

Select the ‘Order Now’ button, then fill out the application form with the necessary details and proceed to checkout for payment. Once completed, we’ll handle the preparation of Form SH01 and submit it to Companies House online, along with all required documentation.
Expect to receive digital documents via email within 1-2 working days, including the application letter, board resolution, meeting minutes, and share certificate(s).
You’ll need to sign the special resolution and return it to our team for further submission to Companies House. If required, we’ll also file a confirmation statement to document the share transfer(s) at additional cost.

What’s Included:

Updating register with shares issued

Preparation and submission of needed forms(SH01)

Board resolution

Meeting minutes

Updated share certificate

Amend Your Share Capital Effeciently Now!

Issuance of Shares

£79.99

Amendment of Share Capital

Issuance of new shares
Board Resoulution
Minutes of meeting
1-2 Days of Processing

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Are there any regulatory considerations when issuing new shares?Xact+ Accountants2025-03-06T23:53:46+01:00

Are there any regulatory considerations when issuing new shares?

Yes, companies must comply with the Companies Act 2006 and, if applicable, the UK Listing Rules. For instance, public companies must adhere to specific regulations when offering shares to the public, including prospectus requirements and adherence to the UK Corporate Governance Code.

What are the different types of shares a company can issue?Xact+ Accountants2025-03-06T23:46:43+01:00

What are the different types of shares a company can issue?

Companies can issue various classes of shares, including:

Ordinary Shares: These are standard shares with voting rights and potential dividends.
Preference Shares: These shares typically provide fixed dividends and have priority over ordinary shares in dividend payments and asset distribution upon liquidation.
Redeemable Shares: Shares that the company can buy back at a future date under specific conditions.

The specific rights attached to each share class should be detailed in the company’s articles of association.

Who has the authority to issue new shares in a company?Xact+ Accountants2025-03-06T23:47:49+01:00

Who has the authority to issue new shares in a company?

The authority to issue new shares typically resides with the company’s board of directors. However, directors must be authorized either by the company’s articles of association or through a resolution passed by the shareholders.

What does it mean to issue shares in a company?Xact+ Accountants2025-03-06T23:45:27+01:00

What does it mean to issue shares in a company?

Issuing shares involves creating and allocating new shares to individuals or entities, thereby granting them ownership stakes in the company. This process can raise capital, reward employees, or bring in new investors.

What are pre-emption rights, and how do they affect the issuance of new shares?Xact+ Accountants2025-03-06T23:49:26+01:00

What are pre-emption rights, and how do they affect the issuance of new shares?

Pre-emption rights give existing shareholders the first opportunity to purchase new shares in proportion to their current holdings, protecting them from dilution of their ownership percentage. Companies can disapply these rights through a special resolution, allowing new shares to be offered to external investors.

What is the process for issuing new shares?Xact+ Accountants2025-03-06T23:51:36+01:00

What is the process for issuing new shares?

The typical process includes:

Authorization: Ensure directors have the authority to issue shares, as per the company’s articles or shareholder resolution.
Pre-emption Rights: Offer new shares to existing shareholders first, unless these rights have been disapplied.
Allotment: Allocate shares to subscribers and record their details.
Filing: Submit a ‘Return of Allotment of Shares’ (Form SH01) to Companies House within one month of the allotment.
Register Update: Update the company’s register of members and issue share certificates to new shareholders.

Issue of Shares

Issue of Shares Service.