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Legal Update

Small Business, Enterprise and Employment Act 2015
What’s happening to bearer shares?

June 2015
Mayer Brown Legal Update
Although they are rarely come across these days, bearer shares could, until recently, still be issued by UK companies whose articles of association permitted it. That all changed on 26 May 2015 when it became unlawful for UK companies to issue bearer shares, and a nine month process to identify all outstanding bearer shares and get them surrendered in exchange for registered shares began.


  • Richard Smith
    T +44 20 3130 3849
  • Kirsty Payne
    Professional Support Lawyer
    T +44 20 3130 3795
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