Manage classifications

When you create a share register or on a later stage, you can apply additional classification to your (share) register. 

Below you can find some example of these classifications:

• Specifying transfer restrictions, such as a lock-up period.
• Providing detail about share packages, such as package 1, package 2 and so on.

When you want to add classifications, you will need the following steps:

1. To add a classification, you must first create the desired classifications before assigning them to a shareholder.
2. You can assign a classification when recording a share transfer, this applies if there is both a change of classification and a change of ownership. If only the classification changes while ownership remains the same, use the “change classification” transaction..

Below you can find a step by step guide on how to  add classifications.

For detailed instructions, click 'Start tutorial' below.

Step-by-step:

1. Go to the tab 'Ownership' of the entity.
2. Click on the three dots on the right top corner and select 'Settings'.
3. Click on 'Manage additional classifications.
4. Add, edit or delete the classifications and click on 'Save'.
5. Click on the tab 'Ownership' to go back to the register.

Below you can find a step by step guide on how to change a classification.

For detailed instructions, click 'Start tutorial' below.

Step-by-step:

1. Go to the tab 'Ownership' of the entity.
2. Click on 'New transaction' and select 'Change classification'.
3. Click on 'Select the shareholders' and select the shareholder(s).
4. Complete the number of shares that needs to be changed of classification and select the new classification.
5. Once finished, click on 'Save and execute.
6. Complete the execution date and click on 'Execute'.