Allotment of shares covers the process by which a company issues new shares to investors, increases share capital, and allocates ownership. A solicitor drafts the allotment resolution, completes and files form SH01 with Companies House, updates the company’s register of members, and ensures pre-emption rights and article restrictions are respected. They advise on pricing, allocations, share certificates, and any conditions attached to the allotment, including rights issues or schemes. They coordinate with directors and shareholders to confirm approvals and recording.
What a solicitor handles in these matters
A solicitor handles the specific provisions and procedures: drafting resolutions, ensuring compliance with the Companies Act 2006, checking for pre-emption rights, and managing the registration and share certificates. They oversee any conditions or limits on issue, and address issues like fractional allotments or over-subscription, ensuring proper legal and regulatory alignment throughout the process.
