Hi,
I am planning to split the existing 10 (of £1 each) ordinary shares to Class A and Class B alphabet shares so I can declare separate dividend for my spouse independent of Class A.
I am struggling to find the relevant documents I need to maintain / change to do this... like appropriate lines to put in Memorundum of Association which current talks about Ordinary share only.
My idea is: -
1) Do a shareholder's meeting and prepare MoM (me only) for splitting Ordinary shares to Class A and Class B
2) Prepare MoM for amending Memorundum of assiciation to include alphabet shares
3) Prepare MoM for gifting Class B shares to spouse.
4) Maintain some share certificate and register etc with proper class of certs which at the moment only mentions 'Ordinary' without any class.
5) Declare a separate dividend for Class B via MoM.
Please could someone put a template for this?
PS: I am aware of all risks and discussions of issuing class B shares so this post is specific to find out correct documentation when someone has made a decision to split ordinary shares to alphabet shares.
Thanks,
Sam
I am planning to split the existing 10 (of £1 each) ordinary shares to Class A and Class B alphabet shares so I can declare separate dividend for my spouse independent of Class A.
I am struggling to find the relevant documents I need to maintain / change to do this... like appropriate lines to put in Memorundum of Association which current talks about Ordinary share only.
My idea is: -
1) Do a shareholder's meeting and prepare MoM (me only) for splitting Ordinary shares to Class A and Class B
2) Prepare MoM for amending Memorundum of assiciation to include alphabet shares
3) Prepare MoM for gifting Class B shares to spouse.
4) Maintain some share certificate and register etc with proper class of certs which at the moment only mentions 'Ordinary' without any class.
5) Declare a separate dividend for Class B via MoM.
Please could someone put a template for this?
PS: I am aware of all risks and discussions of issuing class B shares so this post is specific to find out correct documentation when someone has made a decision to split ordinary shares to alphabet shares.
Thanks,
Sam
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