CoSec Add-on – Share Split

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