The minimum number of shares that can be issued is 1. If there are multiple shareholders, it is necessary to issue one share per shareholder.
The price per share must be chosen too, with common options being either £1 or £0.01 per share.
There is no maximum limit on the number of shares that can be issued. However, it is important to note that the number of shares held determines the liability of the shareholder.
Example
- 1 share at £10 per share means a liability of up to £10.
- 100000 shares at £1 per share means a liability of up to £100,000.
A common choice is normally 1, 10 or 100 shares at £1 per share. This means the shareholding is easily divisible and each share reflects a clear proportion (percentage) of the company.
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