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Unissued Capital Stock
(redirected from Unissued Share Capital)

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Unissued Capital Stock
Stock that a publicly-traded company is authorized to issue but has not. Generally, the company's charter specifies the maximum number shares it is allowed to issue, but shareholders can increase or decrease it according to procedures listed in the charter. There is normally a larger amount of unissued capital stock than is required in order to give a company the greatest amount of flexibility. See also: Authorized shares.

unissued capital stock
Corporate capital stock that has been authorized but not yet issued. Management of a firm will often ask its stockholders to authorize many more shares of stock than are actually needed in order to provide flexibility for the issuance of more shares later without stockholders' approval.


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Resolution 2 - Authority to allot shares The resolution was passed giving the directors authority to allot further shares in the capital of the Company up to the aggregate nominal amount of the authorized but unissued share capital at the time of passing this resolution.
THAT: Subject to the passing of resolutions 1, 2, 3, 4, 5, 7, 8 and 9, the Directors be and they are hereby unconditionally authorised pursuant to Section 80 of the Companies Act 1985 to allot the New Ordinary Shares in the authorised share capital of the Company, provided that this power shall be limited to the allotment of relevant securities up to an aggregate nominal value equal to the authorised but unissued share capital of the Company.
Upon the passing of Resolution 2, the directors will have authority to allot ordinary share capital of up to the aggregate nominal amount of the authorized but unissued share capital at the time of passing this resolution.
 
 
 
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