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