To take an example, if a company has allotted
sterling shares to the total value of £25,000 and euro shares to the equivalent of £60,000, the
authorised minimum will have been satisfied in euros. If the same company had allotted
sterling shares to the total value of £10,000 and euro shares to the equivalent of £40,000 it
would not have satisfied the minimum share capital requirement for a public company as the
authorised minimum may be satisfied in sterling or euro but not partly in sterling and partly
in euro.