A Share Allocation Agreement is a crucial document used when a company in Nigeria intends to issue new shares or reallocate existing ones to subscribers. This agreement is essential for both private and public companies, particularly during capital raising, employee share schemes, or corporate restructuring. The document must comply with the Companies and Allied Matters Act (CAMA) 2020 and other relevant Nigerian legislation, including SEC regulations where applicable. It typically includes detailed provisions about the share allocation process, payment terms, representations and warranties, and completion mechanics. The agreement serves as a legally binding document that protects both the issuing company and the subscribers, ensuring transparency and compliance with Nigerian corporate law requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Company issuing shares and the Subscriber(s) receiving the allocation
2. Background: Context of the share allocation, including company's current share capital structure and reason for allocation
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Share Allocation Details: Specific details of shares being allocated, including number, class, and nominal value
5. Consideration: Payment terms and consideration for the shares, including payment method and timing
6. Conditions Precedent: Any conditions that must be satisfied before the share allocation becomes effective
7. Completion: Process and requirements for completing the share allocation, including documentation and filing requirements
8. Representations and Warranties: Standard warranties from both the company and subscriber regarding capacity, authority, and share status
9. Company Undertakings: Company's commitments regarding the share allocation and related corporate actions
10. Subscriber Undertakings: Subscriber's commitments regarding payment and compliance with company regulations
11. Notices: Process for formal communications between parties
12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
1. Pre-emptive Rights: Required when existing shareholders have pre-emptive rights that need to be addressed or waived
2. Foreign Investment Provisions: Required when subscriber is a foreign investor, addressing NIPC requirements
3. Share Transfer Restrictions: Optional provisions restricting future transfer of allocated shares
4. Tag-Along Rights: Optional provisions giving minority shareholders right to join in sale of shares
5. Drag-Along Rights: Optional provisions allowing majority shareholders to force minority to join in sale
6. Special Share Rights: Required when allocating shares with special rights or restrictions
7. Anti-dilution Provisions: Optional protection for investors against future dilution of shareholding
1. Share Capital Structure: Details of company's existing share capital and shareholding structure
2. Form of Share Certificate: Template of share certificate to be issued
3. Corporate Authorizations: Copies of board and shareholder resolutions approving the share allocation
4. Payment Details: Detailed payment instructions and bank account information
5. Completion Checklist: List of documents and actions required for completion
6. Regulatory Filings: Forms and documents required for CAC and SEC filings
7. Share Rights and Restrictions: Detailed description of rights and restrictions attached to allocated shares
Find the exact document you need
Share Allocation Agreement
A Nigerian law-governed agreement detailing the terms and conditions for allocating company shares to subscribers, in compliance with CAMA 2020.
Download
Shareholder Resignation Agreement
A Nigerian law-governed agreement documenting a shareholder's resignation from a company and the transfer or redemption of their shares.
Download
Minority Protection Rights Shareholders Agreement
A Nigerian law-governed agreement establishing minority shareholder rights and protections within a company, ensuring fair treatment and representation under CAMA 2020.
Download
Single Shareholder Agreement
A Nigerian law-governed agreement establishing the legal framework between a company and its sole shareholder, outlining rights, obligations, and corporate governance structures.
Download
Pre Emption Rights In Shareholders Agreement
A Nigerian law-governed agreement establishing shareholders' pre-emptive rights to purchase shares before they can be sold to third parties.
Download
Shareholders Agreement Contract
A Nigerian law-governed agreement defining shareholders' rights, obligations, and relationships within a company, compliant with CAMA 2020.
Download
Shareholder Representative Agreement
A Nigerian law-governed agreement appointing a representative to act on behalf of shareholders in corporate matters, defining their powers, duties, and responsibilities.
Download
Private Company Shareholder Agreement
A Nigerian law-governed agreement that regulates relationships and rights between shareholders in a private company, ensuring proper corporate governance and shareholder protection.
Download
Shareholder Sale Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
Download
Shareholder Operating Agreement
A Nigerian law-governed agreement establishing shareholders' rights, responsibilities, and company operational framework under CAMA 2020.
Download
New Shareholder Agreement
A Nigerian law-governed agreement establishing rights and obligations between company shareholders, compliant with CAMA 2020.
Download
Directors Agreement
A Nigerian law-governed agreement establishing the terms, duties, and obligations of a company director under CAMA 2020.
Download
Shareholder Release Agreement
A Nigerian law-governed agreement that documents the release of claims and obligations between a departing shareholder and a company/continuing shareholders.
Download
Shareholder Termination Agreement
A Nigerian law-governed agreement that formalizes a shareholder's exit from a company, including share transfer terms and post-termination obligations.
Download
Shareholder Contract
A Nigerian law-governed agreement establishing rights and obligations between company shareholders, compliant with CAMA 2020.
Download
Shareholders Agreement Transfer Of Shares
A Nigerian law-governed agreement facilitating the transfer of shares between shareholders, compliant with CAMA 2020 requirements.
Download
Stakeholders Agreement
A Nigerian law-governed agreement that defines and regulates relationships, rights, and obligations between company stakeholders.
Download
LLC Shareholder Agreement
A Nigerian law-governed agreement establishing rights and obligations between LLC shareholders, compliant with CAMA 2020.
Download
Shareholders Agreement For Private Limited Company
A Nigerian law-governed agreement establishing rights and obligations between shareholders of a private limited company, ensuring compliance with CAMA 2020.
Download
Shareholder Support Agreement
A Nigerian law-governed agreement defining shareholders' commitments to provide financial or operational support to a company, including specific support obligations and enforcement mechanisms.
Download
Non Compete Shareholders Agreement
A Nigerian law-governed agreement establishing non-compete obligations between shareholders and protecting company interests through restrictive covenants.
Download
Entrusted Shareholding Agreement
A Nigerian law-governed agreement establishing a nominee shareholding arrangement where one party holds shares in trust for another party as beneficial owner.
Download
Share Subscription And Shareholders Agreement
A Nigerian law-governed agreement combining share subscription terms and shareholders' rights and obligations, ensuring regulatory compliance while protecting all parties' interests.
Download
Partnership Shareholder Agreement
A Nigerian law-governed agreement establishing terms and conditions between partners who are shareholders in a business entity.
Download
Share Contribution Agreement
A Nigerian law-governed agreement documenting the contribution of shares from one party to another, typically used in corporate restructuring or investment transactions.
Download
Employee Shareholder Agreement
A Nigerian law-governed agreement establishing the terms and conditions for an individual's role as both employee and shareholder of a company.
Download
Shareholder Subscription Agreement
A Nigerian law-governed agreement setting out terms for new share subscription in a company, including price, warranties, and completion conditions.
Download
Shareholder Transfer Agreement
A Nigerian law-governed agreement facilitating the formal transfer of shares between shareholders, outlining terms, conditions, and regulatory compliance requirements.
Download
Shareholder Purchase Agreement
A Nigerian law-governed agreement documenting the sale and purchase of shares in a company, including terms, conditions, and statutory compliance requirements.
Download
Nominee Shareholder Agreement
A Nigerian law-governed agreement establishing a nominee shareholder arrangement for shares in a Nigerian company, defining rights and obligations of both nominee and beneficial owner.
Download
Amended And Restated Shareholders Agreement
A Nigerian law-governed agreement that consolidates and updates existing shareholders' arrangements into a single, comprehensive document.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)