Parent Interest Held
Field | Description |
# Financial Weight per Security | A required field auto-populated with the value 1.00. You can use this field to affect ownership percentages without changing voting percentages. Amendments to this value may be applicable if you are tracking Nominated Entity % Control values. |
Select the Voting as Yes, No, or Limited and complete the remainder of the fields in the Voting section.
Please note: Selecting Voting = Yes will trigger Automated Parent Voting Interest Held Calculations under the Groupings > Automated Voting Interest > Parent/Subsidiaries sections of the entity.
In the ‘Prescribed Particulars’ section (UK only) as shown above, you may enter ancillary details on the share class vehicle directly into the following fields as required or as tracked in the jurisdiction of formation of the entity:
Voting Rights
Rights (re Dividends) to participate in a distribution
Rights (re Capital) to participate in a distribution
Redemption of shares at option of company or shareholder
In the Certificate Numbering section, select the Certificate Type from the drop-down or lookup list, and complete the certificate fields.
Please note: You can set up the Certificate particulars in advance by populating the Certificate Number Prefix and Suffix, the Number of Digits inclusive of Padded Zeros, and the Next Certificate Number. When this is set up, GEMS will automatically generate sequential certificate numbers. It is also possible to manually create certificates and manually associate them with transactions.
In the Next Certificate Number field, for example, enter the next available certificate number for this share class. If there are no certificates used yet, then the ‘next’ number would be 1 (one). This field automatically increments as you issue the share certificates.
Please note: If this field is not populated GEMS will not auto-increment for share certificates subsequently issued.
Click Save to complete the process and add the new Security to the Securities list.
View Stock/Share Certificates
Once in the company snapshot click on View more detail > Certificates.
To view an individuals certificate details click on the Certificate #.
Once in the certificate details click on the associated actions icon and select Share Certificate. A pop up window will appear with the official certificate which is then available in the form of PDF and is available to download or print.