Learn how to complete a Share/Stock/Unit Split in Athennian
Please note that this can only be performed in the same share class. Otherwise, please refer to this article.
To complete a Split or Subdivision, navigate to the Governance > Share Classes section of the entity and select the share classes.
Once the Share Class has been selected, click Alter Class located in the bottom right corner.
After selecting Alter, a list of all available Alteration workflows in Athennian will be shown. Select Split Shares.
The next screen allows users to select the ratio, as well as the following options:
Cancel and re-issue
Round newly issues certificates, and
Apply the split to the authorized amount of shares within the class.
Once the applicable selections have been made, click Save at the bottom right-hand corner of the window. This will cancel all the outstanding Certificates (if selected) and reissue them under the Securities section. A corresponding transaction will also be made!
Success! You have completed a Split in Athennian 🚀