<Please note that if a private company has only one class of shares, the directors may exercise any power of the company to allot shares of that class without a shareholder resolution, except where prohibited from doing so by the company's articles. If a company has a single class of shares and is not prohibited from allotting such shares by its articles, then the s551 authority stated in the resolutions below is not required and the draft minutes should be amended accordingly. If in any doubt, you should seek professional advice.>

Company Name Ltd 
(the "Company")

Minutes of a meeting of the board of directors held at [REGISTERED OFFICE ADDRESS] on [DATE].

The following directors were present:

[DIRECTORS]

In Attendance:

[ATTENDEES]

1.	There were produced to the meeting written form resolutions (the "Written Resolutions") (copy appended) to be circulated to the members for their consideration and signature whereby it is resolved to pass the Written Resolutions as ordinary resolutions for the following purposes:

(a)	to grant the Directors authority to allot shares pursuant to s551 of the Companies Act 2006 and

(b)	to issue to the holders of [SHARE CLASS] shares of [SHARE VALUE] each in the capital of the Company [NO. OF SHARES] unissued [SHARE CLASS] shares of [SHARE VALUE] each in the capital of the Company credited as fully paid up by the capitalisation of the sum of £[AMOUNT] being part of the amount standing to the credit of the Company's <Profit and Loss account – note specify reserves to be capitalised>.

2.	It was resolved that the directors recommend to the members of the Company that they approve the Written Resolutions; and

3.	It was resolved that, subject to the passing of the Written Resolutions:

(a)	pursuant thereto the sum of £[AMOUNT] being part of the amount standing to the credit of the Company's <Profit and Loss account – note specify reserves to be capitalised> be applied in paying up in full at par [NO. OF SHARES] unissued [SHARE CLASS] shares of [SHARE VALUE] each in the capital of the Company to be allotted and distributed credited as fully paid up to and amongst the holders of [SHARE CLASS] shares of [SHARE VALUE] each on the register of members at the close of business on [DATE] in the proportions in which they held such shares respectively on such date as follows:

Name of Holder	Number of Shares	

(b)	the Secretary be instructed to issue the relevant share certificates and file the following with Companies House:

(i)	form SH01 and
(ii)	a print of the Written Resolutions

There being no further business, the meeting was closed.

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Chairman	Date