Share redistribution

Share redistribution

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We are a limited company with the following share distribution:

A - 36

B -72

c - 6

d - 36

We wish to amend the distribution to as follows:

A - 30

B - 24

C - 6

D - 30

E - 30

F - 30

No money will be paid for the redistribution.  The company has been been hit by bad debts this year & has very few reserves. 

Can you please advise the best way of achieving the redistribution & the forms that need to be filled in.

Replies (2)

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By Chris Smail
22nd Dec 2010 15:10

Shares are not 'redistrbuted' they are transferred either by sal

Find a blank 'Stock Transfer form' on the web. and print off a few.

A and D want to transfer 6 each to E

B 18 to E and 30 to F

Nil value as a gift

Or £1 per share nominal value and pay over cash

Fill in and sign forms

Hand to Company Secretary.

Create & print new share certificates - look at some old ones and type something up.

Remember to put changes on next annual return.

Chris Smail www.langer.co.uk

 

 

 

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By blok
22nd Dec 2010 16:53

.

you cant just say that!

Are any of the people connected?

Do the shares have value?

Is this a trading company?

Are the recipients receing these by reason of employment (ERS)

Not nearly enough info.

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