Share reclassification is a legal and administrative process that must be carried out in accordance with the company’s articles of association and the Swedish Companies Act. Here, you can read more about the steps that need to be completed before you register the reclassification in the share ledger.
Go to the company in the share ledger service where you want to reclassify shares and click “+ New event” in the left-hand menu.
1. Select date
Choose the date when the reclassification will be recorded in the share ledger. Just like all other types of events, reclassification is recorded in chronological order.
2. Select shares for reclassification
Specify which shares are to be reclassified or converted. Here, you can choose all shares, all shares of a specific share class, or all or parts of individual shareholdings.
3. Select share class
Specify the share class to which the shares will be reclassified. This can be another existing share class or a new share class.
4. Add note (Optional)
The event also includes a notes field. Here, you can, if you wish, write memos or other information about the event. The note is only visible to an administrator or observer in the share ledger inside NVR.
Please note that the note is not shown in printed versions of the share ledger; it is only available via Share Ledger Events. Click to expand the event to view the memo.
5. Upload attachment (Optional)
You can also upload one or more attachments linked to the reclassification. Examples of attachments include a copy of the general meeting resolution or other documents.
Just like notes, attachments are not visible in printed versions of the share ledger. This information can only be accessed by an administrator or observer of the share ledger service via Share Ledger Events. Click to expand an event to see added attachments.
6. Complete the reclassification
Click the “Complete” button when everything is correctly filled in and you are done. The event will be registered, and the share ledger and all other reports will be updated accordingly. For example, you can see the reclassification on the Share Ledger Events page as follows:
If any of the owners have an account 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 to check the updated information. This notification supports both the administrator and the owners, as it gives all parties involved the chance to react if the registration is incorrect for any reason. This is also important for transparency.