Enhance your Securities management by issuing shares or other security types to holders within an Entity.
Overview
Issuances from Treasury, along with other Transactions like allotments, rollovers, and balance initializations, are managed within the Ownership tab of an Entity's Securities section. This process involves four steps: Details, Holding Selection, Certificate Issuance, and Preview.
Availability: All customers.
Access the Ownership Transactions Tab
Navigate to the desired Entity
Click the Securities tab
Click the Ownership sub-tab
Click the Class dropdown at the top of the screen to toggle between different share classes
Click the Transactions tab
Click the blue + New button on the top right-hand corner, and in the New Transaction modal, select Issuance from the list of types of transactions
Complete the Issuance Details
In the Issuance modal that appears, navigate to the Details tab
Select the type from the Select Type dropdown: Issuance, Allotment, Rollover or Balance Initialization
Enter the mandatory Transaction Date*
Note: Check the Blank Transaction Date box if the date is unknown and return later to add the date
Enter the Resolution Date
Enter the mandatory Number of shares*
Enter the Price per share*
Select the appropriate Currency from the dropdown
Use the Other Consideration field to include notes for other types of consideration given in exchange for the shares (e.g., property or services)
Use the Use on Register, Use on Register From, and Use on Register To fields to leave notes describing the transaction to be used in the Registers
Select or Create a Holding
Navigate to the Holding Selection tab
Select from an Existing Holding by clicking the Select Holding button
Select the Entity or a Person to which shares are to be issued
If this holder has not yet been issued shares, select Create New Holding
Click + Add Holder
Select whether to issue shares to a Person or an Entity
Search for the name of the person or entity and click the blue Confirm button, and their information will be imported into the transaction
Note: To add multiple parties to an ownership interest, simply repeat the steps above and describe the Interest*, or add a customized Holding Name*
Select the appropriate Interest from the dropdown
Note: The Holder Name will reflect the name selected, and the Sort Order, Ledger, and Certificate Code will auto-populate
Verify Certificate Information
Navigate to the Certificate Issuance tab
Verify the certificate to be issued
Note: The certificate coding pattern comes from the one entered when creating a share class
Place an asterisk $(*)$ in the Certificate Code field to have Athennian auto-generate the number of the certificates in sequential order
Click on Uncertificated Shares if the issued shares are uncertificated
Preview and Confirm the Issuance
Navigate to the Preview tab
Review all of the information before confirming the transaction and drafting the applicable documents and click the Close button if all is in order
Click the blue Create button in the bottom right-hand corner to complete the transaction
Note: The new share Issuance will appear under Pending status in the main Securities > Ownership > Transactions tab
Select the transaction and navigate to the status drop-down in the top right-hand corner and select Confirmed and click the Update button to finalize
Note: Once confirmed, the new certificate will be found in Securities > Ownership > Certificates, and the new shareholding information will be visible in Securities > Ownership > Holdings
The new shareholding information will also be reflected under the Holdings heading in the Entity's Overview page