Details
The company buys back shares from it's shareholders at an agreed value.
There are 8 different types of share buy backs handled by CAS 360. These are as follows:
- Employee share scheme within 10/12 limit
- Employee share scheme over 10/12 limit
- On-Market within 10/12 limit
- On-Market over 10/12 limit
- Equal Access Scheme within 10/12 limit
- Equal Access Scheme over 10/12 limit
- Selective Buy-Back
What is the 10/12 limit?
The company buying back 10% of their issued share capital within a 12 month period. The buy back rules differ for companies that are buying back more than 10% in a 12 month period from those that are buying back less than 10% in 12 months.
Navigation
| From the Main Toolbar, go to Company. |
|
| Select the Company from the list. |
|
| Select Shareholders |  |
Click 
Select Share Buy Backs
Instructions
CAS 360 will display the Buy Backs screen.
|
Field
|
Explanation
|
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Transaction Date
|
Input the date the Buy Back will occur | ||||||||||||
| Shareholder |
In the shareholder field, CAS 360 will display a list of the company's current shareholders |
||||||||||||
| Beneficial Owner | CAS 360 will automatically prefil 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 effected | ||||||||||||
|
Buy back Amount Per Share
|
Amount paid to the shareholder for each share bought back | ||||||||||||
|
Buy Back Type
|
Select the appropriate buy back type (See below for more information) | ||||||||||||
| Meeting Status | Select the meeting status of the member which will appear on the Resolutions. | ||||||||||||
|
|||||||||||||
Click 
Forms Prepared
CAS 360 will display the Document Production screen and automatically select the documents required.
- Cover Letter
- Company Change Summary
- Register of Shareholders
- Issued Journal
- Directors Minutes or Resolution
- Notice of Shareholders Meeting
- Shareholders Minutes or Resolution
- Shareholders Consent
- Share Certificate
- Extensive Shareholding List