{{company_name}}
{{company_address}}
Phone: {{phone}} | Email: {{email}} | Web: {{website}}
WHEREAS
The Company currently has an authorised share capital comprising of {{current_authorised_shares}} ordinary shares of ZAR{{current_nominal_value}} each (or equivalent local currency).
The Board of Directors deems it desirable and in the best interests of the Company and its shareholders to subdivide the issued ordinary shares.
This subdivision is intended to improve the liquidity of the Company’s shares and make them more attractive to a wider range of investors.
RESOLVED, THAT
Each of the existing issued ordinary shares of ZAR{{current_nominal_value}} (or equivalent local currency) in the share capital of the Company be and is hereby subdivided into {{new_shares_per_old_share}} ordinary shares of ZAR{{new_nominal_value}} (or equivalent local currency) each.
The total number of issued ordinary shares of the Company shall, upon the subdivision taking effect, be {{total_new_shares}}.
The effective date of this share subdivision shall be {{effective_date}}.
All rights and obligations attached to the subdivided shares shall be proportionate to their new nominal value, and the aggregate nominal value of each shareholder’s holding shall remain unchanged immediately after the subdivision.
The Company Secretary be and is hereby authorised to do all things necessary to give effect to this resolution, including but not limited to, making all necessary filings with the Companies and Intellectual Property Commission (CIPC) or equivalent regulatory body in the relevant jurisdiction, updating the Company’s share register, and issuing new share certificates (where applicable) reflecting the subdivided shares.
CERTIFICATION
We, the undersigned directors of {{company_name}}, hereby certify that the foregoing resolution was duly passed at a meeting of the Board of Directors held on {{meeting_date}} at {{meeting_time}} at {{meeting_location}} and that the said resolution has been duly recorded in the minute book of the Company and is in full force and effect.
DIRECTOR SIGNATURES
Director's Name: {{director_name_1}}
Signature: _________________________
Date: {{signature_date_1}}
Director's Name: {{director_name_2}}
Signature: _________________________
Date: {{signature_date_2}}
COMPANY SECRETARY
Company Secretary's Name: {{company_secretary_name}}
Signature: _________________________
Date: {{signature_date_company_secretary}}
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