Easily manage the movement of shares between holdings to maintain an up-to-date and accurate ownership records
Overview
Transferring shares between shareholders is a fundamental task for managing corporate records. Athennian simplifies this process, whether moving shares between one shareholder and another, or distributing shares from one shareholder to multiple shareholders, or vice versa.
Availability: All Customers
Transfer Shares from One Holding to Another Holding
Follow these steps to transfer shares from a single existing shareholder to another shareholder (either existing or new).
Navigate to the profile of the Entity whose shares require transfer
Navigate to the Securities > Ownership section
In the Transactions tab, select the blue + New button in the top right-hand corner
In the New Transactions modal that appears, select Transfer and the Transfer modal will apear
Fill in the mandatory Transaction Date* and Resolution Date
Note: If these dates are not yet available, check off Blank Transaction Date/Blank Resolution Date and fill them in at a later time
Note: If Blank Transaction Date is checked off, underlines will appear in the documents when generating them where the dates would have appeared
Enter the Number of shares* to transfer, as well as the Price per share* and Currency
Note: The number of shares to be transferred from the certificate(s) must match the Number of shares* entered in the Amount section (a warning will appear notifying of the required balance)
In the Holdings Selection tab, In the From section, select the holding transferring the shares
In the To section, choose one of the following:
Select Create New Holding to add a new shareholder
Select Select from an Existing Holding to select an existing shareholder to transfer the shares to
If adding a new shareholder with multiple addresses listed in the database, select the address of the new shareholder
Confirm the certificate issuance details in the Certificate tab
Review all of the transfer details in the Preview tab
Select Create
Generate the supporting Documents
Transfer Shares from One Holding to Two Holdings
Follow these steps to transfer shares from a single existing shareholder to two separate shareholders (either existing or new). This requires two separate Transfer transactions.
First Transfer
Navigate to the profile of the Entity whose shares require transfer
Navigate to the Securities > Ownership section
In the Transactions tab, select the blue + New button in the top right-hand corner
In the New Transactions modal that appears, select Transfer and the Transfer modal will apear
Fill in the Transaction Date* and Resolution Date
Note: If these dates are not yet available, check off Blank Transaction Date/Blank Resolution Date and fill them in at a later time
Note: If Blank Transaction Date is checked off, underlines will appear in the documents when generating them where the dates would have appeared
Enter the Number of shares to transfer to the first shareholder, as well as the Price Per Share and Currency
In the From section, select the shareholder transferring the shares
In the From section, also select the certificate from which to transfer the shares
Note: The number of shares to be transferred from the certificate(s) must match the Number of Shares* entered in the Amount section (a warning will appear notifying of the required balance)
In the From section, check off the Leave balance on certificate box to leave the balance of the shares on the original certificate
In the To section, choose one of the following for the first shareholder:
Select Create a new holding to add a new shareholder
Select Select from an existing holding to select an existing shareholder
If adding a new shareholder with multiple addresses listed in the database, select the address of the new shareholder
Confirm the certificate issuance details in the Certificate Issuance tab
Review all of the transfer details in the Preview tab
Select Create
Generate the supporting Documents
Second Transfer
Repeat steps 1 through 8 of the "First Transfer" section for the second shareholder
In the To section, choose one of the following for the second shareholder:
Select Create a new holding to add a new shareholder
Select Select from an existing holding to select an existing shareholder
If adding a new shareholder with multiple addresses listed in the database, select the address of the new shareholder
Confirm the certificate issuance details in the Certificate Issuance tab
Review all of the transfer details in the Preview tab
Select Create
Generate the supporting Documents
Transfer Shares from Two Holdings to One Holding
Follow these steps to transfer shares from two existing shareholders to a single receiving shareholder (either existing or new). This requires two separate Transfer transactions.
First Transfer
Navigate to the profile of the Entity whose shares require transfer
Navigate to the Securities > Ownership section
In the Transactions tab, select + New
In the New Transactions modal that appears, select Transfer and the Transfer modal will apear
Fill in the Transaction Date and Resolution Date
Note: If these dates are not yet available, check off Blank Transaction Date/Blank Resolution Date and fill them in at a later time
Note: If Blank Transaction Date is checked off, underlines will appear in the documents when generating them where the dates would have appeared
Enter the Number of shares* to transfer from the first shareholder, as well as the Price Per Share* and Currency
Note: The number of shares to be transferred from the certificate(s) must match the Number of Shares entered in the Amount section (a warning will appear notifying of the required balance)
In the From section, select the Holding transferring the shares
In the To section, choose one of the following for the single receiving shareholder:
Select Create a new holding to add a new shareholder
Select Select from an existing holding to select an existing shareholder
If adding a new shareholder with multiple addresses listed in the database, select the address of the new shareholder
Confirm the certificate issuance details in the Certificate tab
Review all of the transfer details in the Preview tab
Select Create
Generate the supporting Documents
Second Transfer
Repeat steps 1 through 7 of the "First Transfer" section, selecting the second shareholder Holding in step 7
In the To section, select Select from an existing holding and select the shareholder who received the shares in the previous steps
In the same section, check off Add to existing certificate and select the certificate issued pursuant to the first transfer
This will allow the transfer of shares to that same certificate
Confirm the certificate issuance details in the Certificate Issuance tab
Review all of the transfer details in the Preview tab
Select Create
Generate the supporting Documents