Decrease shares

Sometimes it is necessary to decrease the number of shares. Learn how to reduce the amount of your shares in the cap table.

Support Team avatar
Written by Support Team
Updated over a week ago

How to decrease the number of shares?

  1. Go to Ownership > Transactions

  2. At the top, click on the button Add transactions > Other transactions > Decrease Shares

  3. A window will open, and you can define the details of the share issuance transaction.

    1. The necessary fields:

      1. 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.

      2. 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.

      3. Date: The date when you issue the shares.

      4. 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.

    2. The optional fields

      1. 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.

      2. 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.

      3. Internal note: If you want to add any note related to the transaction

  4. Press the Save button to create the share issuance transaction finally.

How to edit share decrease transactions?

  1. Go to Ownership > Transactions

  2. Search for the share decrease transaction, click the three dots, and then on Edit.

  3. This allows you to make changes in the decrease share transaction.

  4. Click on the Save button to confirm the adjustments.

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