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by Practical Law Corporate. A form of notice to be sent by a company to its shareholders in connection with the redemption of shares.
Stock transfer forms are documents used to transfer shares in UK companies limited by shares. These forms record the details of share transfers, including the names of the buyers and sellers, the number and types of shares, and how much is being paid for them (the consideration).
Form SH02 is used to give notice of consolidation, sub-division, or redemption of shares or re-conversion of stock into shares.
A share consolidation, sometimes called a reverse stock split, is a process whereby a specified number of shares in a company are merged to form a single share. As a result of this procedure, the number of issued shares decreases while their nominal value increases proportionally.
You can also email an electronic version of form SH03 to notify us of the purchase of own shares by a company at stampdutymailbox@hmrc.gov.uk.
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The SH02 needs to be filed with Companies House within 30 days of the share split, you can e-file it here.
Form SH10 is the relevant Companies House form to file following a variation of rights attaching to shares. Following a share re-classification if there is also a variation of the rights attaching to the newly re-classified shares, form SH10 must be filed.

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