ACCA · Question 45 · Syllabus E: Capital and the financing of companies
If a company wishes to vary the rights attached to a specific class of shares, what is the standard requirement under the Companies Act 2006, assuming the Articles do not specify otherwise?
Answer options:
Consent in writing from the holders of at least 75% in nominal value of the issued shares of that class, or a special resolution passed at a separate class meeting.
An ordinary resolution passed at a general meeting of all shareholders.
Approval by the board of directors.
Consent from 100% of the shareholders of that class.
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