Point in time view as at 06/04/2018.
Companies Act 2006, Section 623 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
For each class of share the new nominal value of each share is calculated as follows: Step One
Take the aggregate of the old nominal values of all the shares of that class.
Step Two
Translate that amount into the new currency at the rate of exchange specified in the resolution.
Step Three
Divide that amount by the number of shares in the class.
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