Mason Hayes & Curran LLP
9 Experts
1 Contributions by Mason Hayes & Curran LLP
PRACTICE NOTES
Updated in October 2024
Introduction
Ireland is regularly placed among the world’s leading destinations for setting up international operations. The country has drawn many of the globe’s largest enterprises to base activities here, spanning global technology, pharmaceuticals, biosciences, manufacturing and financial industries. Ireland’s pull as a business hub stems from the pro-investment stance of successive Irish governments, EU membership, a highly favourable rate of corporation tax, and a talented, adaptable labour force. Together, these and other elements make Ireland a compelling choice for foreign direct investment. Following the UK’s departure from the EU on 1 January 2020, and the end of the transition phase on 31 December 2020 that had kept the UK within the customs union and single market, Ireland’s role as an English-speaking gateway to one of the planet’s largest markets has grown in importance. Several organisations have already
Commercial
1 Contributions by Mason Hayes & Curran LLP Experts
PRACTICE NOTES
Introduction
Statute and a company’s constitution regulate the allotment and issue of shares. This Practice Note explains the process for a private company limited by shares to allot shares, including conferring rights to subscribe for shares or to convert a security into shares. Both the statutory framework and the constitution govern how those steps are implemented. The provisions on share allotment must be considered alongside the rules that govern existing shareholders’ pre-emption rights. A pre-emption right gives a shareholder a right of first refusal on any allotment of shares.
Definitions of allotment and issue
The expressions ‘allotment’ and ‘issue’ are commonly treated as if they were the same when referring to new share capital, yet they carry different legal implications that should be appreciated. Shares are regarded as allotted when an individual gains the unconditional entitlement to be placed on the company’s register of members for those
Ireland - Corporate
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