Process a Share Buy-back or Repurchase

When your company needs to repurchase shares from a shareholder (such as when someone leaves the company), you can process the transaction directly through Cake.

Process the Buy-back

1. Go to Ownership → Cap table → Shareholders

2. In the top right corner, click Actions

3. Choose Buy back or Repurchase from the dropdown menu (terminology varies by region)

   

4. Complete the transaction details:

   • Shareholder: Search for and select the relevant shareholder

   • Share Type: Choose the share class being repurchased

   • Date: Enter the buy-back transaction date

   • Number of Shares: Specify how many shares the company is repurchasing

   • Amount Paid: Enter the total amount paid for the shares

5. Click Buy back or Repurchase to complete the process

Important Notes

For Australian Companies: This process updates your cap table in Cake but doesn't automatically file with ASIC. You'll need to separately submit the required forms to ASIC.

Share Ownership: The repurchased shares are removed from the shareholder's holdings and returned to the company, reducing the total number of shares outstanding.

What Happens Next

The transaction appears in your cap table under Ownership → Transactions log, and the shareholder's holdings are automatically updated. You can generate updated share certificates if needed.

Still Need Help?

Contact our support team through the chat for guidance on using the buy-back functionality in Cake.