Redenomination of Shares Capital

The process involves redefining the nominal value of shares from one currency to another, usually to align with the company's operational currency or to comply with new regulatory requirements. Shareholders must agree to the terms outlined in the resolution, and unanimous or majority consent is typically required depending on the company's articles of association.

Implementing a redenomination can impact the accounting and reporting of the company and might also affect shareholder perception and share liquidity. As such, the document explaining the resolution generally includes details on the rationale behind the redenomination, its benefits, and the technical details of the currency conversion.