WRITTEN DIRECTORS' RESOLUTION

PROPOSED ALLOTMENT OF SHARES

The board received a completed application for shares in the capital of the Company, with the following details:

The cash consideration of [ENTER AMOUNT] due for this application has been received by the Company.

WAIVER OF PRE-EMPTION RIGHTS

The pre-emption rights on the allotment of these shares, as set out in the Company’s articles of association, have been waived by the existing shareholders.

RESOLUTIONS

Pursuant to the authority given by the articles of association of [Name], we, the undersigned, being all the eligible directors of the Company, and having considered the specific requirements of section 172 of the Companies Act 2006 and the need to promote the success of the Company for the benefit of its members, hereby resolve:

• To approve the application for shares and allot the specified shares to the applicant, with each share issued as [ENTER AMOUNT] paid and [ENTER AMOUNT] unpaid.
• To issue and sign a share certificate on behalf of the Company and deliver it to the applicant.

FILING

The Company’s register of allotments and register of members will be updated to reflect the allotment. Form SH01 will also be filed with Companies House within the prescribed timeframe.