Share Consolidation or Subdivision Sample Clauses

The Share Consolidation or Subdivision clause allows a company to alter its share capital by either consolidating multiple shares into a smaller number of shares of a higher nominal value or subdividing shares into a larger number of shares of a lower nominal value. For example, a company might consolidate every ten shares of $1 each into one share of $10, or subdivide one share of $10 into ten shares of $1 each. This clause provides flexibility in managing the company's share structure, ensuring that the company can adjust its capital to suit business needs or market conditions.