Shareholder Changes: Transfers and Allotments

A transfer moves existing shares from one holder to another; the total number of shares in issue stays the same. An allotment creates and issues new shares, which dilutes existing percentages unless everyone subscribes proportionally.

• Ordinary shares
• Redeemable preference shares
• Non-redeemable preference shares
• Other classes, which must be specified

• Company name and registration number
• Particulars of the transferor and transferee, or the allottee
• Class and number of shares affected
• Resulting shareholding percentages
• Effective date
• Beneficial ownership particulars where a shareholder is an entity

• Share transfer form or subscription documents
• Resolution approving the transfer or allotment
• Identity documents for natural-person shareholders
• Registration documents for entity shareholders

Do I need to notify a private share sale?

Yes — the register should reflect who actually holds the shares, so the change is notified to the Registry.

How are percentages calculated?

Percentages follow from the number of shares held in each class against the total in issue; the platform calculates them for you.

What if the buyer is a company?

The ultimate beneficial owners behind that company must also be disclosed.