Share redemption can be processed through Inform Direct to create the forms required

1. Go to the Share Classes tab and select the blue Share reorganisation button.  

  2. Click on the 'Redeem shares' option.

Note: Only use the Redeem shares function if the shares are actually redeemable. If the shares are not redeemable you should instead consider using the Cancel Shares feature.

3. Clicking 'Next' will proceed to the next step to enter the amount of shares being redeemed and for each shareholder.

4. Before submitting the redemption you will be asked if approval is required, this allows you to create a summary document to be approved prior to creating the Companies House form. 

Note: The approval feature is only available to subscribers of the software, please see What are the benefits of subscribing to Inform Direct? Pay as you go users will skip straight to the step below.

Note: Once pending, the approval for the action can be completed from the company dashboard tab. 

6. Once you have gained the required approval (if required) to complete the transaction you will need to proceed passed the summary screen.

Note: Remember that Companies House still needs the paper form for this share transaction. Inform Direct will happily populate the relevant form(s) for you. All you need to do is sign them and send to CH.

Please note: You can safely complete this transaction if replicating a filing already made at Companies House. Inform Direct cannot submit this form electronically, so only a paper form is produced.