Shares can be converted from one class to another by way of special resolution. However, non-redeemable preference shares cannot be converted into redeemable preference shares.
The conversion of shares may take place following a sale or company reorganization or simply for administrative, historical or family reasons where shareholders choose or need to hold a different class of shares. This could be where ordinary shares are converted into one or more classes of alphabet shares (A, B, C, etc.) or in more complex arrangements, converted into certain types of preference or redeemable shares.
Speak to us if you need to convert one share class to another.