Most companies will engage an online, cloud-based, digital share registry services to help manage the company's shareholder register and cap table.
Once you have a widely held company with 100s/1,000s of shareholders, companies find a digital share registry service to be an efficient way to manage shareholder records, capital tables and investor communications.
What is a registry provider?
The shareholder register / register of members is held (traditionally) at the company’s registered office and contains the name and address of each shareholder, the number of shares held, share classes and the amount paid and unpaid on the shares.
In these modern times, there are a variety of online, cloud-based, digital share registry services that help you manage your shareholder register (bye bye spreadsheets).
Once you have a widely held company with hundreds/thousands of shareholders, companies find a digital share registry service to be an efficient way to manage shareholder records, capital tables and investor communications.
We recommend creating and confirming your share registry account before your settlement meeting.
What registry provider is best suited to your needs?
Different registry providers can offer different services. It pays to shop around, especially if you are looking at listing your company on the ASX in the future or undertaking further rounds. Shortlist 2-3 registry providers and use the week after your offer closes to chat individual chats and make sure they suit your unique needs.
Registry providers other Birchal campaigns have used
Registry providers vary in price and usually charge on a monthly subscription basis. Here are our recommended providers below (in alphabetical order). See what suits your needs but if you find an alternative let us know at your Settlement Kick-Off Meeting!
For more information on your responsibility to keep your shareholder register updated, please visit this ASIC resource.