Can one own partial shares in a company?

B

Blackrock1

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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?
 
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
 

Can one own partial shares in a company?​

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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.
 
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.
 
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