Corporate GovernanceJul 27, 2026, 12:51 PM
Green Circle Decarbonize Amends Articles for IPO, Dual-Class Shares
AI Summary
Green Circle Decarbonize Technology Ltd has adopted its Second Amended and Restated Memorandum and Articles of Association, which will become effective immediately prior to the completion of its initial public offering. These foundational documents establish a dual-class share structure, consisting of Class A Ordinary Shares with one vote each and Class B Ordinary Shares with fifty votes each. The amendments also detail the company's share capital, registered office, and various corporate governance procedures.
Key Highlights
- Second Amended and Restated Memorandum and Articles of Association adopted.
- Effective prior to the company's initial public offering.
- Total share capital is US$5,000,000.
- Comprised of 5,000,000,000 shares of US$0.001 par value.
- Includes 4,993,640,000 Class A Ordinary Shares with one vote each.
- Includes 6,360,000 Class B Ordinary Shares with fifty votes each.
- Class B shares are convertible to Class A shares on a 1:1 basis.
- Board empowered to authorize issuance of preferred shares.