Conversions

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Details


When there is a conversion of shares, the class of share is changed but the total value and number of shares issued remain unchanged.

Example: John Jones has 100 $1 Ordinary Shares which will be Converted to 100 $1 A Class Shares

 

Navigation


 

From the Main Toolbar, go to Company.

Select the Company from the list.

Select Shareholders

 

Click 

Select Conversions

Instructions


CAS 360 will display the Conversions screen.

Field
Explanation 
Transaction Date
Input the date of the conversion
Shareholder

In the shareholder field, CAS 360 will display a list of the company's current shareholders

Beneficial Owner CAS 360 will automatically prefill this field if there is a beneficial owner.
Share Type

In the Share type field, CAS 360 will display a list of the share types the shareholder holds

Number of Shares
Input the relevant number of shares to be converted
New Share Class
Select the new share class. (e.g. ORD, B, C)
Meeting Status
Select the meeting status of the member which will appear on the Resolutions.
Notes Type to add extra notes to appear on the Register of Members
                                                      2. Certificate Details - Transferor   
          Field                                       Explanation
Certificate Type  Select the Certificate type. Options range from Balance or None. 
Certificate Number  Type the Certificate Number for the Shares, This will feature on the Allotment Journal, Share Certificate, Notice of Beneficial Ownership (if applicable) and the Declaration of Trust. 
Certificate Location Type the location of the Certificate. 
Unique Numbers Type a Unique Number to assign to the shares. 
                                                      Certificate Details - Transferee    
          Field                                       Explanation
Certificate Type  Select the Certificate type. Options range from Transaction, Balance or None. 
Certificate Number  Type the Certificate Number for the Shares, This will feature on the Allotment Journal, Share Certificate, Notice of Beneficial Ownership (if applicable) and the Declaration of Trust. 
Certificate Location Type the location of the Certificate. 
Unique Numbers Type a Unique Number to assign to the shares. 

Click 

Forms Prepared


CAS 360 will display the Document Production screen and automatically select the documents required:

    • Cover Letter
    • Company Change Summary
    • Register of Members
    • Allotment Journal
    • Directors Minutes or Resolution
    • Notice of Members Meeting
    • Members Minute or Resolution
    • Member Consent
    • Share Certificate

 

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