A share class conversion lets you convert issued shares from one class to another, whether you’re preparing for an investment round or adjusting your cap table. This guide walks you through the process step‑by‑step.
Contents📋
Starting the conversion
- From your homepage, open the left‑hand navigation panel.
- Go to Share management → Share class conversions.
3. Once you've been redirected to the Share class conversion page, click Create new.
Confirming your governance settings
Before you can create a conversion, Vestd will ask you to confirm your governance settings for share class conversions. This only appears the first time (or if you haven’t set it previously).
Understanding your governance requirements
Most companies require shareholders in the class being converted to authorise the change. For example, if your articles specify a 75% pass rate, then 75% of the voting power in that class must approve the conversion.
Many companies also have custom Articles of Association (AoA) or Shareholders’ Agreements (SHA) with unique voting structures. To ensure everything aligns with your actual governance rules, share class conversions on Vestd require you to manually pass any shareholders’ resolution. This gives you full control and avoids accidental misalignment.
Because resolutions are set to manual pass, make sure you’ve collected signatures from any must‑sign shareholders before approving the resolution on the platform. For more information and a tutorial video on Governance settings, see our guide.
Once your governance settings are confirmed, you can continue the share class conversion process.
Conversion details
1. Select the shareholder whose shares you’re converting.
2. Tick the confirmation box acknowledging that you’ll be required to manually pass the resolutions.
3. Click Continue to proceed
4. Select the share class the shares are being converted from and click Continue.
5. Enter the number of shares you want to convert.
6. Select the share class the shares are being converted to.
Resolutions
7. You’ll be asked to provide any required directors’ or shareholders’ resolutions.
For each one, choose whether to:
- Generate new (Vestd creates the document for signing)
- Upload existing (if you already have a signed version)
- Select from company documents (if it’s already stored on Vestd)
SH08 and SH10 requirements
Companies House must be notified of changes to your share capital.
8. For share class conversions:
- An SH08 is always required.
- An SH10 is required only if the rights of the converted shares are changing.
You can choose to:
- generate new SH08/SH10 forms,
- upload existing forms, or
- select forms from your company documents.
Vestd will automatically submit the required forms to Companies House once the conversion is complete.
You can also add:
- any comments relevant the the share class conversion, and
- whether the conversion is part of an investment round.
9. Click Next to continue.
Review and start the conversion
10. You’ll now see a full summary of the conversion details.
- To make changes → click Edit.
- To delete the conversion → click Delete at the bottom of the page.
If everything looks correct, click Start conversion.
11. You’ll see a confirmation message explaining that:
- Vestd will email the relevant directors and shareholders to sign the resolutions.
- Vestd will automatically update Companies House with the required SH08 and SH10 forms.
Click Continue to proceed or Cancel to go back.
12. A green banner will confirm that the share class conversion has been successfully created.
Manually passing the resolutions
Once the required signatures have been collected, you’ll need to manually pass the resolutions.
13. In the left‑hand navigation panel, go to Compliance → Resolutions.
14. Find the relevant resolution and click the ID number.
15. You’ll be taken to the resolution page, where you’ll see an Approve button. Click it to formally pass the resolution.
Vestd will then generate the updated share certificate for you to sign and issue to the shareholder.
Need support?
If you have any questions, our dedicated Customer Success team is here to help: support@vestd.com
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