To issue shares to a new investor:
1. Click on the Register link on the left sidebar.
2. Click on the 'Issue' button on the register (Image 1).
Image 1 - Issue Shares button
3. Under Shareholder, select the 'New Shareholder' option (Image 2).
Image 2 - Issue Shares- Shareholder Type
4. Select the Investor type from the following options:
Sophisticated: Investors that hold a certificate from a qualified accountant certifying they have a prescribed net asset or gross income level. Required if investment is greater than $10,000.
Crowd-sourced: Investors who have participated via a crowd-sourced funding raise. Maximum investment amount $10,000.
Retail: Investors who are non-sophisticated, e.g. friends and family.
Employee: An investor who is an employee of the company or of a subsidiary company.
5. Select from the following types of Owner types:
Individual: Individual: A single investor, that is a person, not a company, other business or organisation.
Joint: Two or more individual investors that are persons, not companies, other businesses or organisations.
Company: An Australian registered company or organisation with an ACN, ABN or ARBN, or a non-Australian registered company, business or organisation.
6. Enter the new investor's information
7. Select a method to calculate your price per share (Image 4)
Total Paid Amount
Price Per Share
Image 4 - Calculate using method
8. Select the Share Class.
9. If you have selected the 'Calculate using total paid amount' method (Image 5):
a. Enter the total paid amount and number of shares in the field provided.
b. The price per share will be calculated up to four decimal points.
Image 5 - Calculate using 'total paid amount' method
10. If you have selected the 'Calculate using Price per share' method (Image 6):
a. Enter a share price up to 4 decimal points in the 'price per share' field (if the price per share has already been set, the 'price per share' field will be automatically populated)
b. Enter the number of shares.
Image 6 - Calculate using 'price per share' method
11. Edit the date of Issue if the shares were issued at an earlier date. (Choosing a date 28 days or more will display a warning message in the past may result in an ASIC late fee).
Click 'Next'.
12. Review the transaction details and click the 'Issue Shares' button (Image 7).
Image 7- Review Issue Shares
When you click 'Issue Shares', a 'Shares Issued' window (Image 8) will be displayed. You can choose to Go to the register or Issue More Shares.
Image 8 - Shares Issued window
The register will be updated and if ASICLink is active the details of the transaction will be reported to ASIC.