Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Issue of shares definition

What does Issue of shares mean? In corporate practice, an issue of shares is the company’s act of creating new shares, allotting them to subscribers and, on registration in the members’ register, conferring the rights of that class on the new shareholders. The term is used across UK and Irish company, tax and securities law rather than as a single universal statutory definition. In many contexts, references to an “issue of shares” mean shares of the same class issued on the same day; and where the reference is to an issue to an individual, it means shares of the same class issued to that...

Share Allotment and Issue under the Companies Act 2006: Definitions, Authority, Pre-emption, Consideration, Companies House Filings and Penalties

Published by a LexisNexis Corporate expert

Practice notes

Statute governs the allotment and Issue of shares, and the applicable statutory provisions differ depending on the nature of the company proposing the allotment and on whether it has a single class of Shares or several classes. In each case, the relevant statutory regime must be identified by reference to company type and share class structure...

For detailed guidance on allotments by particular company types, see the following Practice Notes:

Allotment and issue of shares—private companies with one class of shares
Allotment and issue of shares—private companies with more than one class of share and public unlisted companies
Allotment and issue of shares—listed companies

Any additional Rules, regulations and guidance that apply to a listed company, an AIM company, or a company with securities admitted to any market operated by the Aquis Stock Exchange fall outside the scope of this Practice Note...

Definitions of ‘allotment’ and ‘issue’

Although the expressions ‘allotment’ and ‘issue’ are frequently used as if they were interchangeable when referring to new shares in a company’s capital, they do in fact have separate legal meanings, and understanding that distinction is important...

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Web page updated on 27/05/2026

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