Board Resolution Approving Rights Offering

About this template:

You can use this template as an example of a document containing details of the board approval of the right for all directors officers and employees to buy shares to be signed by the board. The point of a Board Resolution is to address a specific issue that the board needs to decide on. It is a way of documenting a decision made by a Corporation's Board of Directors or Shareholders on behalf of the Corporation in writing. This particular board resolution deals with board approval of the right for all directors officers and employees to buy shares. You can see more board resolution templates that you may find useful here https://www.templateguru.co.za/documents/board-resolutions/

Excerpt:

BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING RIGHTS OFFERING the Company offers to the directors officers and employees of the Company as of the date hereof the right to acquire a maximum of [NUMBER] Class A common shares each in the capital stock of the Company at a subscription price of [AMOUNT] [COUNTRY] per share

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