Written Class Consent

The 'Written Class Consent' document is a written agreement that relates to the variation, modification, or abrogation of class rights. It is in accordance with the articles of association of the company. The document begins with a heading that clearly states its title. The content of the document includes the company's account job and company registration number. It also mentions the written class consent relating to the variation, modification, or abrogation of class rights.

 

The document states that the consent is given by the holders of not less than three quarters in nominal value of the issued preference shares of the company. It further mentions that the consent is given to every variation, modification, or abrogation of the rights, privileges, and restrictions attaching to the preference shares as a class of shares.

 

The document refers to a resolution numbered and attached to the notice of an extraordinary general meeting of the company. It indicates that the consent and sanction are given to the resolution mentioned in the attached notice.

 

The document also includes a section where the undersigned, who has the right to attend and vote at a general meeting of the company, agrees to the resolutions of the company. The undersigned is the sole member of the company and agrees to the resolutions as if they had been passed at a general meeting of the company duly convened and held. The document provides a space for the signature and name of the holder, along with the current date.

 

Overall, the 'Written Class Consent' document is a legally binding agreement that allows the holders of preference shares to give their consent and sanction to the variation, modification, or abrogation of class rights in accordance with the company's articles of association.

How to use this document?

To use the 'Written Class Consent' document, follow these steps:

1. Read the document carefully to understand its purpose and content.

2. Identify the holders of not less than three quarters in nominal value of the issued preference shares of the company.

3. Ensure that the holders have the authority to give consent and sanction to the variation, modification, or abrogation of class rights.

4. Attach the notice of the extraordinary general meeting of the company, which includes the resolution numbered.

5. Circulate the document to the holders of preference shares and request their consent and sanction.

6. Provide enough signing spaces for each holder to sign the document.

7. Once all holders have signed the document, ensure that the current date is mentioned.

8. Keep a copy of the signed document for record-keeping purposes.

By following these steps, you can effectively use the 'Written Class Consent' document to obtain the necessary consent and sanction for the variation, modification, or abrogation of class rights in accordance with the company's articles of association.