Issue shares (allot new shares)
This guide explains how to issue (or allot) new shares using Kudocs. You can use this process to handle all elements of a share issue including getting authority to issue, pre-emption (run or disapply), subscription agreements, deed of adherence to a shareholder agreement, payment, board approval, share certificates, EIS/SEIS and Companies House filings (SH01).
The action is available via:
- Quick action list in Company Dashboard
- Quick action list in Shares & Shareholders
- All actions.
You can use either the Perform or Record route.
Kudocs manages your company so you can run your business
Perform route
Add details of the shareholders who are being issued new shares, and deal with any shareholders' agreement & deed of adherence
More detailRecord route
Outputs - all handled automatically by Kudocs
- Email sent to initiator informing them of process outcome.
- Share registers updated in Kudocs.
- Stakeholder page for each shareholder is updated.
- Existing share certificates in the class concerned are cancelled.
- New share certificates generated and distributed to shareholders (if selected).
- Process information stored in Kudocs for future reference & any documents filed in document store.
- Form SH01 generated & filed at CoHse if selected.
You can then use Kudocs to generate EIS or SEIS certificates for individual and corporate nominee investors if required.