Consolidated Transfer
An allotment/transfer of shares from many share certificates to one.
Say you have two shareholders called Jane and Joan who want to sell their shares to John.
To start, Jane holds 50 shares on Certificate No. 1, Joan holds 50 shares on Certificate No. 2 and they want to transfer their shares so that John will hold 100 shares on Certificate No. 3.
In the Register of Transfers, both transactions will show as being transferred from Certificate No.'s 1 and 2 to Certificate No. 3. The result would be a "consolidated share certificate".
This is what we refer to as a "consolidated transfer".
Say you have two shareholders called Jane and Joan who want to sell their shares to John.
To start, Jane holds 50 shares on Certificate No. 1, Joan holds 50 shares on Certificate No. 2 and they want to transfer their shares so that John will hold 100 shares on Certificate No. 3.
In the Register of Transfers, both transactions will show as being transferred from Certificate No.'s 1 and 2 to Certificate No. 3. The result would be a "consolidated share certificate".
This is what we refer to as a "consolidated transfer".
Updated on: 22/06/2023
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