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Recording share ownership by trusts, companies, or other non-natural persons

Share issues and holdings can be recorded as being held by three kinds of shareholder: natural persons (individual or joint), trusts, and companies. When a company profile is imported into Connectworks from the New Zealand Companies Office, all current shareholdings are by default recorded as being held by natural persons.  Where a share parcel is in fact held by a non-natural person, such as a trust or company, this therefore needs to be changed.

 

Contents

1. Recording a share issue to non-natural persons

2. Editing the nature of the holder of an existing share parcel

 

1. Recording a share issue to non-natural persons

You can record a share issue from within the Overview, Allocations, and Transactions sections of the Share Register. When you're in any of these sections, simply click on the I would like to... menu and select Issue new shares:

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This will bring up the Issue new shares screen. To record the issue as being made to a trust or company, click on the shareholder type drop-down menu (which sits on Individual or joint natural persons by default) and select whether the shares are being issued to a trust or company:

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2. Editing the nature of the holder of an existing share parcel

When a company profile is imported into Connectworks from the New Zealand Companies Office, all current shareholdings are by default recorded as being held by natural persons. To correctly record an existing share parcel as held by a trust or company, go to the Allocations section and select the parcel you wish to edit. Click on the cogs, then edit:

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This will bring up the edit share parcel screen. To record the parcel as being held by a trust or company, click on the Nature of holding drop-down menu (which sits on Individual or joint natural persons by default) and select whether the shares are held by a trust or company:

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