Mission 2 - Securities Management Basics
Mission 2 - Securities Management Basics
Learn how to manage share classes, issue shares, and prepare certificates
Written by Laura Grégoire
Updated over a week ago
Share Class
- Using the entity created from Mission 1 you will create a new class of shares;
- Navigate to the Governance > Share Classes tab;
- Select New at the top left and select New Share Class from the dropdown menu
- Add Created Date of share class;
- Add Share Class Name (e.g. - Non Voting Common);
- Add Certificate Code to reflect how you want the share certificate to be generated (e.g. NV-* which will generate as NV-1, omit the letter if just using a number for your certificates), asterisks must be added to ensure stock certificate numbers are issued in sequence as share transactions occur
- Define the settings and restrictions if required;
- Click the Create tab at the bottom right.
Issue Shares and Generate Stock Certificate
- Navigate to the Securities > Shares tab;
- Select the new share class;
- Select New and then Issue;
- Enter the issuance details in the Details section, enter Transaction Date as today’s date;
- Move to Shareholding section and select yourself as a shareholder;
- Follow the rest of the workflow to create the issuance transaction;
- Create a share transfer transaction under Transactions by clicking New;
- Select Transfer from the list of types of transactions;
- Transfer half of the shares outstanding from the current shareholder to a new shareholder;
- Ensure that you input the amount of shares being taken off of the certificate during this transfer
- Once the transfer is complete move to the Certificate tab in the Securities > Shares section;
- Check off the two new stock certificates to be generated, select Generate Selected and select the template from the list of templates;
- Select Merge, and then select View Documents Now;
- View stock certificate in Documents tab.
Video Instructions:
Tasks - Another Way to Generate a Stock Certificate
- Navigate to Tasks within the entity;
- Select New;
- In Section 1. Details select Type - Share transactions and click Create at the bottom right of the screen;
- In Section 2. Share Transactions, enter today as the Transaction Date;
- Select + Transactions at the bottom of the tab;
- Move to the Certificates section on the this screen;
- Select the Stock Certificates to be generated and select the Add button at the bottom right;
- Close the Screen;
- In Section 3. Supporting Documents select + Support Documents at the top of the screen;
- Select the relevant certificate and select Add at the bottom right
- Once you are back in the Supporting Documents screen select Generate documents;
- Select View Documents Now to review your certificate.
Video Instructions: