Which information is included in holding confirmations?

This article explains the content of Ledgy's automatic holding confirmations. If you want to know how to share or export them, go to this article.

This is how a holding confirmation from Ledgy looks like:

Bildschirmfoto 2020-04-20 um 15.22.19

General information

At the top, it shows the stakeholder name and address, as well as the company name and address. Then, the city of the company and the date of export is shown.

Holdings

The holdings are shown starting with a friendly introductory sentence and the effective date specified during export. It then shows owned shares, convertibles, and options in separate sections. 

Shares

The shares section shows the owned security class in the first column, followed by the number of shares owned in this class. If there are several classes, it will show one row for each.

For each class it then shows the nominal value of those shares. If a current tax value is defined for this class, it will also include a row for the taxable value of the shares.

Convertibles

The convertible section includes each outstanding convertible separately, including their date, parameters and accrued interest by the effective date specified during export.

Options, phantom options or warrants

If the stakeholder owns options, phantom options/shares or warrants, they are included in this section. It includes, for each grant, the underlying share class, the grant date, the granted amount, the vesting and strike price.

Percentage and total number of company shares

At the end of the holdings section, a sentence shows the stakeholder how much percent of the total number of company shares they own. This is based on all issued and outstanding shares of the company. It doesn't include options, phantom or warrant pools or shares.

If the stakeholder only owns convertibles, options, phantom options/shares or warrants, this sentence is not included. This means, that it is only shown to real shareholders of the company.

Signatories

The signatories as specified in the company settings conclude the holding confirmation.