Why are the paid amounts on shares not correct in the allotments table?

Question

Why are the paid amounts on shares not correct in the allotments table?

Answer

As ASIC only records the total amount paid on all shares, NowInfinity (NI) uses the following formula to distribute the paid amounts for each shareholder :

Total amount paid/total number of shares x number of shares owned by the shareholder

The paid amounts can be manually amended, if needed, via the allotments table on the shares page of the companies profile.

  1. Click on the individual allotment
  2. Overwrite the current figure with the correct paid amount/s
  3. Click the 'Save changes' button

 

 

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