Split Transfer
A transfer of shares from one share certificate to many.
Say you have a shareholder called John who wants to sell his shares to Jane and Joan.
To start, John holds 100 shares on Certificate No. 1 and wants transfers his shares so that Jane will hold 50 shares on Certificate No. 2 and Joan will hold 50 shares on Certificate No. 3.
In the Register of Transfers, both transactions will show as being transferred from Certificate No. 1 to Certificate No.'s 2 and 3 respectively.
This is what we would refer to as a "split transfer".
Say you have a shareholder called John who wants to sell his shares to Jane and Joan.
To start, John holds 100 shares on Certificate No. 1 and wants transfers his shares so that Jane will hold 50 shares on Certificate No. 2 and Joan will hold 50 shares on Certificate No. 3.
In the Register of Transfers, both transactions will show as being transferred from Certificate No. 1 to Certificate No.'s 2 and 3 respectively.
This is what we would refer to as a "split transfer".
Updated on: 22/06/2023
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