Before you can create a reverse split, you need to select the company concerned and click the “+ New Event” button.
Step 1 – Choose Date
Select the date on which the reverse split is entered into the share ledger. Just like all other types of events, a reverse split is registered in chronological order.
Step 2 – Split Ratio
Here, you can choose to specify the split ratio (e.g., 1/10) or state how many shares there should be after the reverse split. You can also see whether the split ratio results in whole numbers or if you need to specify the exact number of shares after the reverse split.
Step 3 – Choose Share Allocation Method
NVR will automatically display how many shares are issued based on the split ratio or reduction in the number of shares. Make sure that everyone receives whole shares and adjust if necessary, for example by using one of the standard allocation methods.
Step 4 – Add Note (Optional)
There is also a notes field for the event. Here, if you wish, you can enter reminders or other information about the event. These notes will not be visible in printouts of the share ledger; this information is only accessible to administrators/observers of the share ledger service via Share Ledger Events → "More Info".
Step 5 – Upload Attachment (Optional)
You also have the option to upload one or more attachments linked to the event. Examples of attachments could be a copy of the shareholder meeting decision or another document. These attachments are not visible in printouts of the share ledger; they are only accessible to administrators/observers via Share Ledger Events → "More Info".
Step 6 – Share Numbering
Choose whether NVR should number the new shares automatically or if you prefer to control this manually.
Step 7 – Finalize the Reverse Split
Click the “Complete” button. If everything is filled in correctly, the event will be registered, and the share ledger and all related reports will be updated accordingly.
Notifications to Shareholders
If any shareholders have a depot in NVR, they will be notified that their holdings in the company have changed. They will then have the opportunity to log in to NVR and verify the updated information. This notification supports both administrators and shareholders, giving all involved parties the chance to react if the registration is incorrect for any reason. This is also important for transparency.