Conversion of Share Class

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

Click Add Transaction +

Select Conversion

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	You may add extra notes to appear on the Register of Members

Click Save

CAS 360 will display the Document Production screen and automatically select the documents required:

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