How to Transfer Shares

Transfering Shares

(a) Check the Articles for any restrictions or conditions of transfer - pre-emption rights may exist. If there is any doubt, a written resolution moved by all the other shareholders should be passed before the transfer is approved and registered.

(b) Acquire a blank share transfer form from our website.

(c) Hand to transferor for him to complete his section.

(d) Hand the form as completed by the transferor and share certificates to transferee (that is, purchaser) for him to complete and return to the company.

(e) The completed form and certificate is presented to the board of directors who either authorise or refuse (seldom) registration. If registration is permitted the old certificate will be cancelled and a new one sealed and issued.

(f) These transfers will be noted in the register of transfers and register of members.

(g) Arrange for transfer to be stamped by the Inland Revenue and collect payment from transferee. If the transferor is transferring only a portion of his holding, having reached (d) above, not one but two new certificates will be issued - one to the transferee and one to the transferor for the balance of his holding retained. If the transferor is transferring shares to more than one transferee: (a) separate stock transfer forms will be required; and (b) after (c) above, the certificate will be kept by the company and the forms will be handed to the respective transferees for them to complete and return.