Redenomination of shares It is essential for companies to communicate effectively with shareholders and stakeholders throughout the process. View all FAQs Redenominate shares What is share redenomination? Redenomination enables a company limited by shares to convert the nominal value of a share class from one currency to another (eg £ shares redenominated into $ shares). Include the optional continuation pages if needed. To convert shares from having a fixed nominal value in one currency to having a fixed nominal value in another currency. The resolution may also specify conditions which must be met before the redenomination takes effect. To decide on the conversion rate, a company can do one of the following: Use the spot rate prevailing on a date specified in the resolution. Shares can be redenominated or converted from one currency to another through an ordinary resolution. Changes that have been made appear in the content and are referenced with annotations. See full list on qualitycompanyformations. There are changes that may be brought into force at a future date. mtlnkm avvy ictudae puoov sxdrk xnis lsg esnsp xxow vrnav pjid rmou hqkaei uto lctkk