# The Companies (Model Articles) Regulations 2008, Paragraph 22: Powers to issue different classes of share

Extent: E+W+S+N.I.

(1) Subject to the articles, but without prejudice to the rights attached to any existing share, the company may issue shares with such rights or restrictions as may be determined by ordinary resolution.
(2) The company may issue shares which are to be redeemed, or are liable to be redeemed at the option of the company or the holder, and the directors may determine the terms, conditions and manner of redemption of any such shares.

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Source: https://www.legislation.gov.uk/uksi/2008/3229/schedule/1/paragraph/22 (the official version)
Page: https://openlegislation.uk/companies-model-articles-regulations-2008/schedule-1/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.