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I would like to reduce the nominal value of my UK Limited company from 1GBP to 0.01GBP. Can someone tell me how I can do this?
I would like to reduce the nominal value of my UK Limited company from 1GBP to 0.01GBP. Can someone tell me how I can do this?
Sure, in order to reduce the nominal value of your company's shares, you will need to follow a specific process. Firstly, you will need to review your company's articles of association to ensure that you are permitted to make such a change. You will then need to pass a special resolution, which requires a 75% majority of shareholders to agree to the reduction.