Altering Share Capital - Getting the Procedure Right

Introduction

This live broadcast session covers the reasons for and procedure for altering how share capital appears.

Unlike the lengthy procedures that increase or decrease the amount of share capital (allotment, reductions, buybacks) usually only an ordinary resolution and filings at Companies House are required for procedures such as subdivision, consolidation, re-denomination and re-designation.

However, getting the procedure right can still be a challenge and can be more complex, particularly where the procedures are put together and/or change class rights.

This live introductory level session will explore how to alter share capital by consolidation, subdivision, redenomination, re-designation and conversion.

What You Will Learn

This live and interactive session will cover the following:

• What each type of procedure is
• Reasons for carrying out these procedures
• How: explanations of the procedures individually and when put together
• Different methods for converting shares from one class of shares to another
• Issues to watch out for (such as inadvertent class rights variation and changes to tax status)
• Real-life examples, sample resolutions and filings

Please note that this session does not look at tax and accounting issues in detail.

Share buybacks, redemptions and reductions of capital are not covered during this session. If you would like training in these areas, please see Shares, Share Capital & Dividends - A Practical Guide - Learn Live

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.