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Share Subscription Letter - Template, Sample Form

✓ Designed for use in Nigeria

Create your Share Subscription Letter for use in Nigeria. Answer a few plain-English questions and the document fills in automatically as you go - then download it in Word and PDF, ready to sign or share.

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Below you can preview the Share Subscription Letter, complete it by answering a few plain-English questions, and download a ready-to-sign copy in Word and PDF - tailored for use in Nigeria.

What the Share Subscription Letter includes

This template is organised into the following sections:

Frequently asked questions

What is a Share Subscription Letter?

A Share Subscription Letter is a ready-to-use legal template for Nigeria. You complete it by answering a few plain-English questions, then download the finished document in Word and PDF.

What does the Share Subscription Letter cover?

The Share Subscription Letter is organised into sections covering §1. PARTICULARS OF THE SHARE SUBSCRIPTION, §2. PAYMENT OF CONSIDERATION, §3. ALLOTMENT AND MEMBERSHIP, §4. REPRESENTATIONS AND WARRANTIES, §5. GOVERNING LAW AND DISPUTE RESOLUTION, so the important points are captured in a clear, consistent structure.

What formats can I download?

You can download your completed Share Subscription Letter as an editable Microsoft Word (.docx) file and as a PDF.

Can I edit the document later?

Yes - save it to your account and you can re-open, edit and re-download it at any time.

Is a Share Subscription Letter legally binding?

Once it is properly completed and signed by everyone involved, a Share Subscription Letter is generally legally binding in Nigeria, provided it meets the legal requirements that apply to this type of document.

What laws apply to a Share Subscription Letter in Nigeria?

A Share Subscription Letter should comply with the laws in force in Nigeria. This template is built around the provisions such situations commonly require, but the rules can vary by region and change over time, so check the current requirements for your case.

Do I need a lawyer to use a Share Subscription Letter?

For most standard situations you can complete the Share Subscription Letter yourself using the guided questionnaire. For high-value, unusual or high-risk matters, it is sensible to have a qualified lawyer review the finished document.

How do I sign the Share Subscription Letter?

Download the completed Share Subscription Letter as Word or PDF and sign it as required in Nigeria. Depending on the document this may involve a handwritten or electronic signature, and some documents also need witnesses.

Is the Share Subscription Letter free?

You can preview the Share Subscription Letter and fill it in for free. A one-time fee applies only when you download the finished, ready-to-sign document in Word and PDF.

How long does it take to complete a Share Subscription Letter?

Most people finish the Share Subscription Letter in just a few minutes by answering the plain-English questions. You can save your progress and come back to it at any time.

Prepared and reviewed by the LegalDocs team.

Document preview

________
________

________

The Directors
________
________ (RC No.)
________

Dear Sirs,

RE: APPLICATION FOR SUBSCRIPTION OF SHARES IN ________

I/We, ________ of ________ (the “Investor”), hereby apply to subscribe for and be allotted ________ shares in the share capital of ________, a company duly incorporated under the Companies and Allied Matters Act 2020 with registration number ________ (the “Company”), at the price of ₦________ (________) per share (the “Consideration”), upon the terms and conditions set out in this letter.

§1. PARTICULARS OF THE SHARE SUBSCRIPTION

The specific details of the subscription (the “Share Subscription”) are as follows:

Name of Subscriber: ________
Residential/Registered Address: ________
Means of Identification/ID Number: ________
Number of Shares: ________
Class of Shares: ordinary shares
Nominal/Par Value per Share: ₦________
Subscription Price per Share: ₦________
Total Consideration: ₦________ (________)
Date of Subscription: ________

§2. PAYMENT OF CONSIDERATION

2.1 The Investor undertakes to pay the total Consideration to the Company on or before ________ by way of ________ into the designated bank account of the Company, the details of which are: Bank: ________; Account Name: ________; Account Number: ________.

2.2 The Investor acknowledges that the shares are issued for cash consideration in accordance with sections 124 to 161 of the Companies and Allied Matters Act 2020, and that the Consideration shall be applied by the Company for its corporate purposes.

§3. ALLOTMENT AND MEMBERSHIP

3.1 This application is made subject to the allotment of the said shares by the Board of Directors of the Company in accordance with the Companies and Allied Matters Act 2020 and the Articles of Association of the Company.

3.3 The Investor agrees to be bound by the Memorandum and Articles of Association of the Company and by all lawful resolutions of the Company in the same manner as if the Investor had executed the said Memorandum and Articles.

3.4 The Investor requests that the relevant share certificate(s) be issued and delivered within the period prescribed by section 171 of the Companies and Allied Matters Act 2020.

§4. REPRESENTATIONS AND WARRANTIES

4.1 The Investor represents and warrants that the information provided in this letter is true, complete and accurate in all material respects.

4.2 The Investor confirms that it has the legal capacity and (where applicable) the requisite corporate authority to enter into this subscription and to perform its obligations hereunder.

4.4 The Investor consents to the processing of its personal data by the Company for the purposes of effecting this Share Subscription and maintaining the statutory registers, in accordance with the Nigeria Data Protection Act 2023.

§5. GOVERNING LAW AND DISPUTE RESOLUTION

5.1 This subscription and any dispute arising out of or in connection with it shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria.

5.2 Any dispute arising hereunder shall, failing amicable settlement, be referred to and finally resolved by the courts of competent jurisdiction sitting in ________.

I/We look forward to receiving confirmation of the allotment of the shares and the issuance of the relevant share certificate(s) in due course.

Yours faithfully,




___________________________
________
(Investor)

Date: ________


WITNESS
Signature: ___________________________
Name: ________
Address: ________
Occupation: ________
Date: ________

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Fields you complete are inserted into the document live. This template is general guidance only - not legal advice.