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Issuing Shares

  • 01-07-2016 3:18pm
    #1
    barman linen
    Registered Users, Registered Users 2 Posts: 262 ✭✭


    Hi,

    I made a seed capital investment in my company and bought shares as part of the process under the SURE scheme - excellent scheme BTW.

    If I want to issue shares to my wife can I do that at a different share price to the price I set in the seed capital transaction. I want to level up our shareholding but don't have another large tranche of cash to equalise at the same price.

    If I bought at 100 euro per share is it legitimate to issue another tranche to her at .01 per share ? I suspect there will be a CGT impact if there is an eventual sale but am more interested in getting the shareholding equalised for now.

    Any help appreciated.


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    It would depend on what the nominal value of the shares are and whether you issued your shares at a premium.

    Shares cannot be issued a a price that is less then their nominal value. After that they can be issued at a premium for any amount.

    Hope this helps

    Regards

    Dbran


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