share register

share register

a record of a company's SHAREHOLDERS which lists the names and addresses of shareholders and the number of shares and other company securities held by them. The COMPANY SECRETARY is legally obliged to maintain an up-to-date record of all share owners, which necessitates noting all transfers of ownership of shares shortly after they are bought and sold on the STOCK MARKET. TRANSFER DEEDS are used to record share purchases and these in turn are used to update the share register and issue new SHARE CERTIFICATES.

Where shares are held by NOMINEES it is impossible to identify the ultimate beneficial holders of these shares. However in the UK, where an individual shareholder acquires more than 3% of a company's issued shares through one or more nominees, the company's directors are legally entitled to insist on knowing the identity of the shareholder.

share register

a list of SHAREHOLDERS maintained by a JOINT-STOCK COMPANY that records all company shareholders and the number of SHARES that they hold. As shares are bought and sold on the STOCK EXCHANGE, the register must be constantly amended so as to maintain an up-to-date list of shareholders’ DIVIDENDS and voting entitlement, new SHARE CERTIFICATES being issued and old ones cancelled as necessary.

See COMPANY REGISTRAR.