EXPLANATORY NOTES FOR THE SIMPLE SHARE SUBSCRIPTION AGREEMENT WHERE THE COMPANY IN QUESTION HAS MORE THAN ONE SHAREHOLDER AND HAS ONLY PAR VALUE SHARES AUTHORISED AND IN ISSUE
This is a Share Subscription Agreement that is to be used where:
- there is more than one current shareholder;
- the issuing company only has par value shares in existence;
- the issuing company has enough authorised par value shares in existence to issue the subscription shares; and
- where the issuing company does not wish to convert the par value shares to no par value shares
Please do not use this precedent where the issuing company has only one current shareholder, or where the company has no par value shares in existence. Precedents regulating the latter are available on this site for purchase and use.
This agreement is over 14 ages long and is typed up using Tahoma font (11).