# Companies Act 2006, Section 623: Calculation of new nominal values


For each class of share the new nominal value of each share is calculated as follows: Step One
Take the aggregate of the old nominal values of all the shares of that class.
Step Two
Translate that amount into the new currency at the rate of exchange specified in the resolution.
Step Three
Divide that amount by the number of shares in the class.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/623 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-623
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.