Articles on: Glossary

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".

Updated on: 22/06/2023

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