How to decrease the number of shares?
Go to Ownership > Transactions
At the top, click on the button Add transactions > Other transactions > Decrease Shares
A window will open, and you can define the details of the share issuance transaction.
The necessary fields:
Stakeholder: Select the name of the stakeholder or legal entity from the drop-down menu. You can also create a new stakeholder by typing the name.
Share class: Select an existing share class from the drop-down menu or create a new one by typing in a new share class name.
Date: The date when you issue the shares.
Number of shares: Enter the amount of shares that you want to reduce. Under the input field, you will find the available number of shares that you can reduce.
The optional fields
Documents: Select one or more existing documents in the drop-down menu or upload new documents that you want to attach to the share decrease transaction.
Stakeholder beneficiary: A beneficiary is an economic beneficiary behind a legal entity. You can view the cap table regarding legal or economic distribution if beneficiaries are set. This can also be used in Ledgy to manage pooled investments.
Internal note: If you want to add any note related to the transaction
Press the Save button to create the share issuance transaction finally.