Shareholders' Agreements · glossary
The amount paid for a share above its nominal value. Ferris and Aldous & Wren paid £100 for each £1 share, so £99 of each is premium. The share premium account is £8,910,000. Clause 3.1 · Schedule 1, paragraph 2 · Chapter 2
Explained in Chapter 2, Shares, Classes and the Register, of Shareholders' Agreements.
Also explained in Venture Deals.
Clause 1.2(b) fixes this for the whole agreement. A price per Share "is the amount paid or payable for it, not its nominal value of £1". So each £100 that Ferris paid is £1 of nominal value and £99 of share premium (the amount paid above nominal value).Read Chapter 2, Shares, Classes and the Register →
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