UK company may pass a resolution to sub divide its shares or any of them into shares of smaller amounts for example it may divide a £1 share into 10 shares of 10 pence each.
Consolidate and divide its share capital into shares of larger amounts than its existing shares, for example it may consolidate and divide 200 shares of £1 into 100 shares of £2.
Reconvert any stock into paid up shares of any nominal value.
The total share capital remains unchanged. Company director is required to deliver company form called SH02 within one month of alteration to Companies House.
A statement of capital must also be completed as part of the form.
If you require help in filing your company form with Companies House, our accountants at Concise will be more than happy to help you. Feel free to contact us.
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