Change of Holding Transactions

Nonto Mthembu
Nonto Mthembu
  • Updated

 

Changing shares from one holding  to another is simple and easy to do! Just follow the steps listed below:

  1. Navigate to the profile of the entity whose shares you're wanting to transfer

  2. Navigate to the Securities > Ownership section down the left-hand side of the screen

  3. In the Holdings tab, select + New - a list of various transactions will appear

  4. Select Change to Holdings from the list of transactions - a workflow will open up

  5. From the dropdown under Select Type, select the option which applies.
  6. Fill in the Transaction Date and Resolution Date; if you do not yet have these dates, check off Blank Transaction Date/Blank Resolution Date and fill them in at a later time - note: if you check off Blank Transaction Date, underlines will appear in the documents when you generate them where the dates would have appeared

  7. In the From section, Select Holding transferring the shares

  8. In the To section, either select Create a new holding to add a new shareholder, or select Select from an existing holding to select an existing shareholder to transfer the shares to - select the address of the new shareholder if this shareholder has more than one address listed in the database

  9. Confirm the certificate issuance details in the Certificate tab, review all of the transfer details in the Preview tab, and then select Create

  10. Generate the supporting documents.

Video Instructions:

 

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