To decrease the share capital in a Company/Business entity, choose to add a new security transaction via either the dedicated screen or Snapshot panel on the entity the share capital is to be decreased for.
Select the security transaction type from the drop-down menu.
Relevant transaction types include – Buy Back, Disposal, Redeem, Forfeit, Purchase for Cancellation
Please note: The options presented will depend on the Jurisdictional business rules being applied to the entity.
In this example, a Disposal of Shares will be used.
Please Note: Not all available fields are shown in the above image, further fields are available upon scrolling.
Complete the details on the new security transaction screen. Some of the key details are:
Registered Holder
Beneficial Holder
Security
Date Disposed
Number Disposed
Click the Save button to create the security transaction and dispose of the share.