A sub-division of shares (or share split) is where the existing shares (or class of shares) in a company are each subdivided into two or more new shares. The rights attached to the shares do not have to change meaning that it is merely the number of shares and the nominal value of each share that alters.
This service is useful for companies that need to alter the number of shares in issue and their nominal value without changing the overall total share capital.
For example. Company X Ltd has one £1 share in issue, but has a market value of thousands of pounds. All of the market value of company is concentrated into the one share. The shareholder wants to sell part of their holding, but they cannot sell half a share, so a sub-division of the shares to equal say 100 ordinary shares with nominal value of 1p each would allow them to then sell 50 shares.
Subdivisions of shares are very often performed as part of larger transactions , for example in anticipation of a new shareholder arriving or as part of a general share re-organisation.
Our service includes everything required to sub-divide shares, all fully completed, compliant and delivered in hard copy or electronic copy (forms for Companies House must be filed in hard copy for a sub-division of shares), including:
- Completed forms for registration with Companies House
- Special Resolution,
- Appropriate minutes and notices
- New, replacement, correctly numbered, share certificates
- Complete set of updated company registers
It is also important that PSC (Person of Significant Control) details are kept up to date on the company registers and with Companies House. We will make sure that all required PSC updates are completed and filed as part of our service.
This service can be combined with any other company secretarial jobs required. Please click below to purchase this service or to purchase this with any other secretarial service.
Our normal charge for sub division of shares is £210. All companies are different, so we will need to look at the complexity and history of the company to make sure that the service can be completed as efficiently as possible. Please click on our quick quote below and we will be in touch as soon as possible with a no-obligation quote.
|Sub division of shares ||From Only £210.00 ||Get a quote|