Can i allocate 23.75 of 100 shares?

If a company only has 100 shares can I allocate someone 23.75 or does it have to be a whole amount?

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If a company only has 100 shares can I allocate someone 23.75 or does it have to be a whole amount? 

There are currently only 2 shares issued and we need to include 3 more shareholders there is a split of 23.75 23.75 23.75 23. 75 and 5%

Can i split this by issuing a 100 or can I only transfer/ issue whole shares. 

Replies (13)

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By James Green
07th Aug 2018 00:44

Whole shares only

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Nichola Ross Martin
By Nichola Ross Martin
07th Aug 2018 07:48

Why not increase the shares in issue by either subdivision or a bonus issue and then you could have 10,000 to split.

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By johngroganjga
07th Aug 2018 07:59

The smallest number of shares you need is 80. As you already have 100 the simplest way is to increase the number to the next multiple of 80, namely 160.

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Replying to johngroganjga:
By Ruddles
07th Aug 2018 08:13

Perhaps only a further 78 shares are required - the question is unclear (I assume he means 2 shares issued out off 100 authorised but who knows)

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Replying to johngroganjga:
RLI
By lionofludesch
07th Aug 2018 08:14

I'm inferring that, of those 100 (I'm assuming here that the company is old enough to have an authorised capital), only two are issued, John.

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Replying to lionofludesch:
By Duggimon
07th Aug 2018 09:21

I doubt it has an authorised share capital, I think it's lazy maths and OP is suggesting 100 because they already know the percentage they want and so issuing 100 in total lets you do the percentage split without working out fractions, if 3/4 of a share were allowed.

Just issue the 78 and do the 19/19/19/19/4 split.

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Replying to Duggimon:
RLI
By lionofludesch
07th Aug 2018 10:17

He specifically says it has 100 shares.

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Replying to lionofludesch:
By Duggimon
08th Aug 2018 12:03

"If a company has 100 shares" is a question about a hypothetical situation.

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By Vaughan Blake1
07th Aug 2018 09:33

For this reason I always issue 1200 shares for new companies as it divides by many more numbers than 100. Indeed, in this case 23.75% would be 285 shares exactly.

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By Marion Hayes
07th Aug 2018 16:21

I would opt for simplicities sake Nicola's suggestion of subdivision.
Changing 100 £1 share to 2000 5p shares does not involve any increase in share capital, nor any dilution in share holding complications

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Replying to Marion Hayes:
RLI
By lionofludesch
07th Aug 2018 16:40

But there are only two issued.

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Replying to lionofludesch:
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By Portia Nina Levin
07th Aug 2018 16:49

They can be subdivided into 2,000 shares of £0.001 though!

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Replying to Portia Nina Levin:
RLI
By lionofludesch
07th Aug 2018 16:53

Or eighty at a tanner apiece.

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