When it comes to share changes, we can do anything you need:
- Issue new shares
- Transfer shares between corporate and non-corporate shareholders
- Create new share classes
- Print replacement share certificates
How does it work?
Tell us what changes you want to be made and we’ll create the resolutions and/or share transfer forms for you to sign. Sign them and send them back to us, then we’ll print and send you the share certificates. It’s as simple as that.
If we’re also your company secretary , we’ll keep a record of all share changes so we can put the correct information in the confirmation statement. If you’re not using the company secretary service, you’ll need to do this yourself. We can supply you with a loose leaf register book to help you stay organised.
In a company limited by shares, directors can share profits among the shareholders at the end of each year. The payment given to each shareholder is called a dividend. One share gives a shareholder one vote in the company and one unit of dividend at the end of the year. When you set up a company, you choose how many shares to allot each shareholder and how much each share is worth. A typical setup is to have ten shares per shareholder worth £1 each.
Share classes explained
The most common class of shares is ‘Ordinary’. Ordinary shares have full rights in the company with respect to voting, dividends and capital distributions.
Sometimes you want to differentiate between the types of shares held by each shareholder. This is often for tax reasons.
When a share class is created, you can choose what rights each class of share has:
One share = one vote. Everyone who has shares which allow voting has one vote per share they hold.
- If there are two shareholders and each person has five shares, each person has equal say when it comes to making decisions.
- If there are two shareholders and one person has seven shares and the other has three, the first person will have more say in the running of the company.
At the end of each year, the director(s) can choose whether to pay dividends to the shareholders. Dividends must be distributed equally, each share receiving the same amount.
- If there are two shareholders and each person has five shares, each person will receive the same amount of dividend.
- If there are two shareholders and one person has seven shares and the other has three, the first person will receive more money, proportional to the number of shares they hold.
These are paid first in the event of a company winding up. Priority is made to ensure that preference shareholders receive their portion before holders of Ordinary shares are paid.
These are more common in public limited companies (PLC) rather than private limited companies (LTD). Redeemable shares can be redeemed – this means that the company can buy shares back from the shareholder.
How much will it cost?
If you’re using our company secretary service, share changes and resolutions are free.
How do I order?
Please contact us if you’d like to make share changes.