Details
The company buys back shares from its 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
- Minimum Holding
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 Add Transaction +
Select Share Buy Back
Instructions
CAS 360 will display the Buy Back screen.
1. Share Details
| Field | Explanation |
|---|---|
| Transaction Date | Enter the date the buy back will occur. |
| Shareholder | Select the shareholder. CAS 360 lists the company's current shareholders. |
| Beneficial Owner | CAS 360 automatically fills in this field if there is a beneficial owner. |
| Share Type | Select the share type. CAS 360 lists the share types the shareholder holds. |
| Number of shares | Enter the number of shares affected. |
| Buy back Amount Per Share | Enter the amount paid to the shareholder for each share bought back. |
| Buy Back Type | Select the buy back type. The types are listed under Details. |
| Meeting Status | Select the shareholder's meeting status. This appears on the resolutions. |
2. Certificate Details
Transferor
| Field | Explanation |
|---|---|
| Certificate Type | Select the certificate type. Options are Balance or None. |
| Certificate Number | Enter the certificate number for the shares. This appears on the Share Certificate. |
| Certificate Location | Enter the location of the certificate. |
| Unique Numbers | Enter a unique number to assign to the shares. |
Click Save
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