Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Equity definition

What does Equity mean? In corporate finance practice, equity means the risk-bearing capital provided by a company’s owners, usually through ordinary shares, as distinct from debt finance. Equity holders have the residual interest in profits and assets: returns are by dividend or capital growth, and they rank behind all creditors on insolvency. Equity commonly carries voting and control rights and is subject to company law capital maintenance and distribution rules (for example, dividends only out of distributable profits and statutory pre-emption on new share issues unless disapplied). It is central to capital structure, M&A, venture capital and private equity transactions. Practitioners also describe certain...

UK listed and AIM companies: holding general meetings—quorum, adjournment, resolutions, polls, members’ questions, activism, auditors’ rights, hybrid meetings, company secretary tasks and post‑meeting filings.

Published by a LexisNexis Corporate expert

Practice notes

This Practice Note summarises the law, guidelines and market practice in relation to holding a general meeting

It serves both practitioners and company secretaries dealing with and advising companies whose Equity shares are listed on the Main Market of London Stock Exchange plc (listed companies), as well as companies with equity shares admitted to AIM (AIM companies). For details on the notice requirements for a general meeting of a listed or AIM company, refer to Practice Note: General meetings—notice requirements for listed public companies for further information and context. Members of a company may convene and hold a general meeting at any time, and as frequently as required within a year, as needed, so that they can pass resolutions to implement specified changes or to authorise particular actions. The Companies Act 2006 (CA 2006) sets out detailed provisions governing the calling and conduct of general meetings. The CA 2006 also imposes additional obligations on a public company that is a traded company or a quoted company. This captures listed companies, but excludes AIM companies, as outlined above. The CA 2006 further envisages situations in which a private company can likewise be a traded company...

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Web page updated on 22/05/2026

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