Transfer of shares is where an existing holder of share(s) transfers some or all of their shares to another shareholder or to a third party. Subject to any restrictions in the company’s constitution, a member may transfer all or any of his or her shares in the company by a stock transfer form or any
A company that is considering purchasing the trade may wish to just purchase the trade Instead of transferring the shares in the target company to the acquiring company.
A share-for-share exchange involves a company issuing new shares or debentures to a person or a company in exchange for that person’s shares or debentures in another company.
A company may acquire its own shares from an existing shareholder by purchase, or in the case of redeemable shares, by redemption or purchase. A company may redeem or buyback its shares to one issued share and the 10% rule that was in the old Companies Act no longer applies.
The introduction of group audit exemption and the return to economic activity and company restructuring has led to an increase in group structures being created. More companies are being set up using personal holding companies or company restructuring or succession planning are all leading to an increase in the creation of groups. The Companies Act 2014 defines what a group is and we will examine one of the common ways of creating a group using a Golden Share.
A company may allot new shares to the existing shareholders or to a third party. These shares can be from the existing share class or by creating a new share class.
All Corporate and legal entities required to maintain a register of beneficial owners detailing all persons owning or controlling more than 25% of the shares or voting rights. This information must be filed online to central register maintained by the Companies Registration Office. This requirement has not yet commenced and is due to be commenced