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CoSec Add-on – Share Split

PACKAGE SUMMARY
from

$350 + GST

Includes:
REVIEW & PREPARATION OF DOCUMENTS
PHONE CONSULTATIONS

WHAT’S IT FOR?

If you want to increase the number of shares in your company without changing the shareholder percentages and the total value of shares, a Share Split is a good way to go about it. Companies commonly do this when getting ready for a capital raise or establishing an ESOP, to enable issuing smaller values of shares. A Share Split involves taking the company’s existing number of shares and dividing them to increase the number of shares. You’ll need to get shareholder approval and submit a Form 2205 to ASIC, in addition to any other steps required under your company constitution.

WHAT’S INCLUDED?

We’ll help facilitate the process of splitting shares.

This package includes:

  • Quick review of your company constitution to identify any specific requirements for your company
  • Preparing resolutions to comply with the Corporations Act
  • Preparing an ASIC Form 2205 (this will need to be physically mailed by you)
  • Phone consultations (up to 30 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
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