Jurisdiction(s):
Ireland

Ireland—Ordinary shareholders’ resolution precedent to consolidate shares into larger nominal amounts (Companies Act 2014, s 83); class rights unchanged; no fractions

Published by a Lexis+ Ireland - Corporate expert

Precedents

Precedent—ordinary resolution: consolidation of shares

This Precedent sets out an ordinary resolution of the shareholders of a limited company with a share capital that intends to consolidate its shares into shares of a higher nominal amount. It clarifies that, other than the nominal value, no alteration is made to the rights or restrictions attached to the shares. It also proceeds on the basis that the consolidation will not create any fractional shares.

CA 2014 (IRL), s 83 permits a limited company having a share capital to exercise a power to consolidate its shares, or any of them, into shares of a larger nominal amount, provided that its shareholders have passed a resolution authorising it. Although this Precedent addresses a straightforward consolidation, a resolution under CA 2014 (IRL), s 83(1)(b) may authorise a company to exercise the power to consolidate in tandem with the power to sub-divide shares. For a form of resolution to effect a sub-division, see Precedent: Ireland—Resolution—sub-division of shares.

If a company’s shares are not fully paid, the proportion of the nominal value of each share that is unpaid and the proportion that is paid-up must not be altered by a...

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Web page updated on 16/06/2026

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