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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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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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.