Investor Majority Consent{📁}

The template serves to formalise the consent of the majority of investors regarding the issuance of additional new shares. This is in accordance with the subscription and shareholders' agreement (SSA) already in place. The document ensures that all participating investors are in agreement with the terms of the new share issuance, including the price and the number of shares to be allotted.

Key Components:
Company Details: Basic information about the company, including the company number and name.
Reference to SSA: Acknowledgement of the existing subscription and shareholders' agreement and its relevant date.
Terms and Definitions: Clarification that terms not defined in the letter have the meanings given to them in the SSA.
Allotment of Shares: Details of the proposed allotment and issuance of additional new shares, including the number of shares, the price per share, and the investors involved.
Investor Consent: A section for investors to irrevocably and unconditionally approve the allotment and issuance of new shares.
Legal Jurisdiction: Specification that any disputes arising from this letter will be governed by English law and settled in English courts.
Signatures: Space for the names, signatures, and signature dates of the consenting investors.

Why It's Helpful:
Streamlines the Approval Process: This template provides a clear and structured format for obtaining the necessary investor consents, making the process efficient and straightforward.
Ensures Compliance: By referencing the SSA and adhering to the Companies Act 2006, the template helps companies remain compliant with legal and regulatory requirements.
Facilitates Transparency: The document ensures that all investors are informed and in agreement with the terms of the new share issuance, promoting transparency and trust within the company.
Legal Clarity: The inclusion of legal jurisdiction and governance clauses ensures that any disputes can be resolved in a clear and agreed-upon manner.

This template is a valuable tool for any company looking to issue additional shares, ensuring that all necessary consents are obtained in a legally compliant and transparent manner.