Share Buy Backs

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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.
                                                      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. 

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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