Law Firm Board Resolution Approving Subdivision of Issued Shares

Company Name: [Your Company Name]

Date: [Date]

Resolution Number: [Resolution Number]

This document serves as a formal board resolution adopted by the Board of Directors of [Your Company Name], hereinafter referred to as the "Company." The Board has convened to deliberate and approve the subdivision of issued shares within the firm, aligning this action with strategic goals to enhance shareholder value and improve the liquidity of shares.

WHEREAS, the Board has assessed and determined that a subdivision of the existing shares will make them more accessible and affordable to a broader investor base, thus democratizing ownership and potentially enhancing trading activity;

WHEREAS, this subdivision is designed to retain the overall market value of the firm while adjusting the nominal value and price per share, which is anticipated to stimulate broader market participation without diluting shareholder equity;

WHEREAS, the Board underscores the necessity of ensuring that all actions undertaken in relation to the share subdivision adhere strictly to corporate and securities laws, upholding the highest standards of fairness and transparency in dealings with shareholders;

WHEREAS, it is recognized that effective communication of these changes to all stakeholders is crucial in maintaining trust and ensuring clarity regarding corporate actions;

NOW, THEREFORE, BE IT RESOLVED that the Board of Directors hereby approves the subdivision of shares of [Your Company Name] at a ratio of [Subdivision Ratio], effective [Effective Date]. This adjustment will convert every existing share into [New Number of Shares] of the subdivided shares.

BE IT FURTHER RESOLVED that the share register of the Company be promptly adjusted to accurately reflect this subdivision of shares. All records related to share ownership must be amended accordingly by [Deadline for Register Update] to ensure legal and regulatory compliance.

BE IT FURTHER RESOLVED that the Board delegates the authority to either the Chief Executive Officer or another designated officer to oversee the comprehensive implementation of this share subdivision. This delegation includes taking all necessary steps to ensure the process is carried out efficiently and in accordance with the approved terms.

BE IT FURTHER RESOLVED that a strategic communication plan be developed and executed to effectively inform all shareholders and the broader market about the adjustments to the share structure. This communication strategy will include regular updates through the Company's official channels, such as the corporate website and shareholder newsletters, as well as through major financial news platforms.

BE IT FURTHER RESOLVED that this resolution be recorded in the minutes of this meeting and preserved within the Company’s official corporate records as a testament to the Board's commitment to prudent corporate governance and shareholder engagement.

IN WITNESS WHEREOF, the undersigned, being duly authorized by the Board of Directors, has executed this resolution as of the date first above written.

[Your Name]

[Your Title]

Date: [Date]

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