Details

The process by which a company changes the structure of its share capital by reducing the number of shares originally issued and increasing the par value of each. 

Therefore the value of each individual share is increased and the number of total shares is decreased. The class of shares and the total value of shares issued remain unchanged.

Example:

John Jones has 100 £1 Ordinary shares (overall value of £100) which will be consolidated into 50 £2 Ordinary Shares (overall value of £100)

Navigation

From the Main Toolbar, go to Company.
Select the Company from the list.
Select Shareholders

Click 

Select Consolidations

Instructions

CAS 360 will display the Consolidations screen.

Field	Explanation
Transaction Date	Input the date of the consolidation
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 to be Consolidated	Input the relevant number of shares
Number of shares after Consolidation	The amount of shares must be less than the amount in the Number of shares to be Consolidated field
Meeting Status	Select the meeting status of the member which will appear on the Resolutions.
Notes	Click to add extra notes to appear on the Register of Members

Click 

Forms Prepared