http://www.legislation.gov.uk/id/ukpga/2006/46

Part 17A company's share capital

Chapter 1Shares and share capital of a company

546Issued and allotted share capital

(1)

References in the Companies Acts—

(a)

to “issued share capital” are to shares of a company that have been issued;

(b)

to “allotted share capital” are to shares of a company that have been allotted.

(2)

References in the Companies Acts to issued or allotted shares, or to issued or allotted share capital, include shares taken on the formation of the company by the subscribers to the company's memorandum.