I have started a limited company with 3 ordinary shares between 2 directors and we've now realised A and B shares are more suited, as it would allow us to pay dividends at different rates to each share class.
How do I go about changing the existing shares to A and B shares?
Or can I issue Director 1 with 2x A Ordinary shares and Director 2 with 1x B Ordinary share and leave the original shares in place? Would I then be able to pay out dividends at different rates on the alphabet shares and not pay dividends on the original ordinary shares?
Thanks in advance.