Is it possible they sign the same deed of adherence as the investors, even though they are not investing any money? We have an employee share option plan which would be enough to issue all the shares, can contractors who take a decreased contract rate be allowed in the employee share option pool if they sign a service agreement? Thanks a lot for this Alex btw!
This is in the Warranties
Further matters requiring investor consent
1. Amend or waive any provision of the Articles or the memorandum of association.
2. Make any increase or reduction or alteration whatsoever (including by way of redemption, purchase, subdivision, consolidation, redenomination or redesignation) of the Company's share capital, other than pursuant to the Share Option Plan or the Articles.
3. Grant any option, warrant or other right to subscribe or convert any securities into shares, or require the allotment or issue of any such shares or securities whether conditional or otherwise, other than pursuant to the Share Option Plan or the Articles.