Details
When there is a conversion of shares, the class of share is changed but the total value and number of shares issued remain unchanged.
Example: John Jones has 100 £1 Ordinary Shares which will be Converted to 100 £1 A Class Shares
Navigation
| From the Main Toolbar, go to Company. |
|
| Select the Company from the list. |
|
| Select Shareholders |  |
Click 
Select Conversions
Instructions
CAS 360 will display the Conversions screen.
|
Field
|
Explanation
|
|---|---|
|
Transaction Date
|
Input the date of the conversion |
| 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
|
Input the relevant number of shares to be converted |
|
New Share Class
|
Select the new share class. (e.g. ORD, B, C) |
|
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
CAS 360 will display the Document Production screen and automatically select the documents required:
- Cover Letter (optional)
- Form SH02 - Notice of Consolidation, Sub-division, Redemption of Shares or Re-conversion of Stock into Shares
- Register of Members
- Allotment Journal (optional)
- Directors Minutes or Resolution
- Notice of Members Meeting
- Members Minutes or Resolution
- Members Consent
- Share Certificate