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PCSR - How to do a global share reorganisation using the Share Reorganisation wizard

Article ID
kba-03726
Article Name
PCSR - How to do a global share reorganisation using the Share Reorganisation wizard
Created Date
27th March 2020
Product
Problem
How to do a global share reorganisation using the Share Reorganisation wizard
Resolution

Please note this method is only applicable where the same reorganisation rule applies to all members holding shares of a particular type.  There is a separate KB where different rules apply to different members.

1. Set up the new share type(s) within the Share Types tab
2. Select Forms/Reports from the Actions panel on the left
3. Scroll down to the bottom to select the option for Share Reorganisation Wizard
4. Enter the details of the old shares e.g. For every 1 share of class Ordinary A
5. Enter the details of the new shares, up to two share types may be specified e.g. every 1 Ordinary A share may be reorganised into 2 Ordinary B shares plus 3 Ordinary C shares
6. Click Calculate to populate a list of all current shareholders of the old shares, showing what they hold currently and what they will hold if the reorganisation is completed
7. Read the summary message which appears and click OK when ready
8. Click Proceed to finalise the Reorganisation
9. Click Yes on the confirmation message when ready

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