After you register a company , you may want to issue shares to new shareholders or more shares to existing shareholders. We can help you issue new shares the right way. When issuing new shares, there are certain procedures you must follow, including informing Companies House about the changes to your company’s share structure. Our team will handle all the paperwork and fill in the required forms and submit them on your behalf.

The issue of shares is essentially the process by which companies create new shares to pass onto shareholders, who may themselves be new or existing shareholders. Companies can issue shares to both individuals and corporate bodies.

Details of share issues will not be updated on the Companies House register until after the filing of the next confirmation statement. Clients wishing to record share issues now, should file a confirmation statement. If share issues are required to open a business bank account, we always recommend filing a confirmation statement.

What is the issue of shares process?

When issuing new shares, Companies House requires you to include a notice about the changes you have made and a statement declaring the following:

• The total number of your company’s shares
• The total value of those shares
• How many shares have been paid for or not paid for
  Your company’s shares might be normal (ordinary shares) or have special rights or restrictions.
  For each type of share your company has, you must also declare:
• The rights that come with the shares
• How many shares you have issued for your company
• The total value of shares before any additional costs are added
  If it sounds complex, you can breathe a sigh of relief, as our team can take care of the entire process and issue your shares for you while adhering to all regulations.

What are the requirements for the issue of new shares?

When you issue new shares for your UK limited company, you must file all the changes made with Companies House. In some cases, you may also need to pass a special resolution by your company’s shareholders and directors. A special resolution is needed to pass your company’s issue of shares if you want to:

• Change the number of shares your company has and their total value (this is part of your company’s income that comes from shares)
• Change how your company’s shares are distributed
• Cancel any of your company’s shares
• Change your company’s shares into other currencies (denominate).
• How many shares you have issued for your company

Please note that if you issue more shares in your company, you must inform Companies House within a month. For any changes to your share structure, such as those that require a special resolution, you must inform Companies House within the next 21 days.

Companies issue new shares for many reasons, for instance:

1. To allow directors and employees to participate in profits or the sale or partial sale of the company
2. To vary or enhance the rights of existing shareholders

For help and advice on issuing shares, please call us on WhatsApp +447405820847/+234(01) 6349729 or email us at info@sureformation.co.uk.