This document is a Call Notice to Members / Shareholders calling for payment of Shares and/or Loan Notes under a shareholders / joint venture agreement. It requires the Members / Shareholders to subscribe to the shares / Loan Notes / loan stock in the manner set out in the agreement.
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The document titled 'Call Notice to Shareholders' is an important communication that serves to inform shareholders about their obligations and responsibilities as outlined in the agreement. It is a formal notice that requires shareholders to take specific actions within a specified timeframe.
The entire document consists of several sections, each serving a specific purpose. The first section is the title, which clearly states the purpose of the document. It is followed by the content section, which contains the main body of the notice.
The content section begins with a reference to the agreement and clarifies that the terms defined in the agreement apply to this notice as well. The content then varies depending on the type of call being made. If the call is for shares, the notice specifies the number of shares to be subscribed, the price per share, and the total price. If the call is for loan notes, the notice specifies the nominal amount of loan notes, the price per loan stock, and the total price. If the call is for both shares and loan notes, the notice combines the information for both.
The notice also provides instructions on how the subscription should be made, specifically through electronic funds transfer to the company's bank account at the specified bank details. The deadline for subscription is mentioned as a certain number of business days from the date of the notice.
The document concludes with a space for the authorized signatory to sign on behalf of the company.
Overall, this document is crucial for shareholders as it informs them of their obligations and provides clear instructions on how to fulfill them.
To effectively use the 'Call Notice to Shareholders' document, follow these steps:
1. Read the entire document carefully to understand its purpose and your obligations as a shareholder.
2. Identify the type of call being made, whether it is for shares, loan notes, or both. This will determine the specific instructions and requirements.
3. If the call is for shares, calculate the total price based on the number of shares and the price per share mentioned in the notice. If the call is for loan notes, calculate the total price based on the nominal amount of loan notes and the price per loan stock.
4. Make the subscription payment through electronic funds transfer to the company's bank account at the specified bank details. Ensure that the payment is made within the specified deadline, which is mentioned as a certain number of business days from the date of the notice.
5. Keep a record of the payment transaction for future reference.
6. If you have any questions or need further clarification, contact the company's authorized representative mentioned in the notice.
By following these steps, you can fulfill your obligations as a shareholder and ensure compliance with the requirements outlined in the 'Call Notice to Shareholders' document.