Can one own partial shares in a company?

[Blackrock1]

for example if a company has 100 shares issued can 3 people own 33.33 shares each or do you need to issue 2 new shares and have 34 each?

 

[Brendan Burgess]

How is it arising?

I was involved in a transaction where two people were acquiring a company where there were three shares.

Before the transaction took place, the three shares were split in two leaving 6 shares. (This transaction gave rise to no tax consequences.)

They then bought 3 shares equally.

Brendan

 

[ClubMan]

Can one own partial shares in a company?​

In the general case, yes.

What Are Fractional Shares? And How Do They Work?

Fractional shares are subdivisions of one company share, for example, half of a Tesla share. They exist because big-name stocks can come with individua

www.forbes.com

But, in the case of "direct" ownership such as you describe, the sort of stock split approach described by @Brendan Burgess allowing each shareholder to own a round number of shares might be easier to manage?

 

[T McGibney]

In the general case, yes.

What Are Fractional Shares? And How Do They Work?

Fractional shares are subdivisions of one company share, for example, half of a Tesla share. They exist because big-name stocks can come with individua

www.forbes.com

But, in the case of "direct" ownership such as you describe, the sort of stock split approach described by @Brendan Burgess allowing each shareholder to own a round number of shares might be easier to manage?

I don't think this is true in an Irish context.

 

[Blackrock1]

How is it arising?

I was involved in a transaction where two people were acquiring a company where there were three shares.

Before the transaction took place, the three shares were split in two leaving 6 shares. (This transaction gave rise to no tax consequences.)

They then bought 3 shares equally.

Brendan

its an OMC for a developement, the developer has transferred his 100 shares equally to 2 directors. There are 22 units and the shares should be owned equally by each homeowner.

 

[Brendan Burgess]

Split each share into 11 units.
You now have 22 shares.
Each person gets one each.

Brendan

 

[T McGibney]

its an OMC for a developement, the developer has transferred his 100 shares equally to 2 directors. There are 22 units and the shares should be owned equally by each homeowner.

Issue 120 more shares, and allot 10 shares to each unit household.

 

[Blackrock1]

Issue 120 more shares, and allot 10 shares to each unit household.

i have just issued 10 shares and ill allot 5 to each, it was easier than i thought on Core, thanks !

 

[Brendan Burgess]

OK, maybe as OMC there is not tax consequences for this as it has no value?

 

[Blackrock1]

OK, maybe as OMC there is not tax consequences for this as it has no value?

exactly