# Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (codification) (Text with EEA relevance), Article 47: Issuing price of shares

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

Shares may not be issued at a price lower than their nominal value, or, where there is no nominal value, their accountable par.
However, Member States may allow those who undertake to place shares in the exercise of their profession to pay less than the total price of the shares for which they subscribe in the course of this transaction.

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Source: https://www.legislation.gov.uk/eudr/2017/1132/article/47 (the official version)
Page: https://openlegislation.uk/eu-directive-2017-1132/article-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.