UK Accounting Glossary
A letter of renunciation is a form in the style of a letter signed by the holder named on an allotment letter who wishes to renounce his/her right to the shares specified in the allotment.
The letter of renunciation is addressed to the company’s directors and tells them of the named holder’s wish to renounce the allotment in favour of another named person.
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This glossary post was last updated: 15th February 2020.