Learn how to Consolidate Shares of an issued Share/Unit Class.
To complete a Consolidation, you will need to navigate to Securities > Classes
Click directly on the Class you wish to consolidate.
Once you select the applicable Share Class, click Alter Class located in the bottom right-hand corner.
After you select Alter Class - select the workflow.
In this case, select Consolidate Shares.
The next screen allows you to select the ratio, as well as the following options:
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Cancel and re-issue all share certificates to reflect the new volume of shares following this action.
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Round newly issues certificates, and
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Apply alteration to authorized amount of shares in this class
- Combine multiple certificates within one holding into a single certificate
Once you have made the applicable selections, click Save at the bottom right-hand corner of the window. This will cancel all the outstanding Certificates (if selected) and reissue them under the Securities section. A corresponding transaction will also be made!
Success! You have completed a Consolidation in Unity Entity Management