Note: This process should only be used if you have already purchased the shares via the "Purchase of own shares" option under share reorganisation. This is to cancel shares that are already in treasury. If you get an error message stating "The company does not hold any shares in treasury at this date.: this means you have not purchased the shares first. 

1. To get started go to the Share Classes tab and select the blue Share reorganisation button.

Note: If the shares to be cancelled are already owned in Treasury, click on the Cancel shares option.  If the shares are currently owned by someone other than the company itself, choose the Purchase of own shares option.

2. Select "Cancel shares" then click 'Next' to start the appropriate Inform Direct wizard. Enter the correct details.

3. Enter the amount of shares to be cancelled.

4. If the company is PLC select if section 662 applies.

Limited by shares companies will be able to create these documents;

• Board minutes resolving to authorise a share cancellation
• Written resolution to authorise a share cancellation

Inform Direct will also create SH05, SH06 or SH07 forms.