Transfer Shares to Multiple Shareholders
You can transfer the same number of shares with the same transfer date from different shareholders to multiple transferees or transfer different amounts on different dates.
Before you start
You can only transfer shares that have been allotted to shareholders. Refer to Allot Shares to a Shareholder to learn more.
Note
If you want to transfer shares from a single shareholder to a single transferee, refer to Transfer Shares.
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Open the company issuing the shares and go to Ownership > Shareholders.
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Select Wizards > Batch Many People > Share Transfer to open the Transfer Shares wizard.
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On the Board Meeting page of the wizard, enter the date of the board meeting that was held approving or noting this event, then select Next.
If the date of the board meeting is unknown, skip this step.
- On the Share Class page, select the share class you want to transfer shares from and select Next.
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On the Event Date page, enter a date if all transfers take place on the same date.
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On the Select People page, select Add Many, then use the search options to find the entities you want to transfer shares from and select them. Then select Next to add them to the list.
In the Search field, select whether to search in shareholders, individuals and so on. In the By field you can specify what detail to search by, such as name or quick reference. Whether the search is a contains or a begins with type of search depends on your user preferences. Refer to Change User Preferences to learn more. The Advanced Search gives you more options to refine your search such as who the entity is managed by.
Once you select an entity, the system lists what information is missing from the record, if any, and gives you the option to open the record to add the missing information.
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On the Select People page, select the entities in the list one by one, select Edit and provide details about the given entity. Select Next.
When you select Edit, first the Shareholder page displays with the selected entity and search options. Select Next to move to the following pages where you can provide an event date, the number of shares, select the certificates you want to cancel, select the transferee and provide the consideration per share for the given entity. When you provided all the details, you are taken back to the list of entities on the Select People page.
Note
If the Prompt for beneficial owner on new company share events system option is enabled or the Prompt for beneficial owner on new share event wizards company option is enabled, the Beneficial Owner and the Transferee's Beneficial Owner pages also displays so that you can select the beneficial owner. Refer to System Options or Company Options to learn more.
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On the Notes page, enter any relevant notes and record whether the notes should appear on the statutory registers. Select Next.
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On the Action page, choose whether you want to save the event as pending or update all records immediately, then select Next.
In the Tracking section, you can assign the event to a specific user and add a reminder. Refer to Pending events to learn more.
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On the Documents page, select the documents you want to generate for the event and select Next.
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On the Finish page, wait while the event and the documents are processed. When the status shows as Completed, select Finish to close the wizard.
If you chose to update all records immediately, the Shareholders page displays the share transfers. You can find the documents produced for this event in Documents > Working Documents.
If you chose to save the event as a pending event, you can find the pending event in Compliance > Pending Events. You can action the pending event there when required. When the event is actioned, the Shareholders page is updated.
