Hi

I have 1000 authorised shares to be issued to 3 shareholders EQUALLY in a private company SIIQ (PTY) LTD.

Questions :
Can a shareholder be issued a percentage of a share (e.g. 333.33 shares each) or must it be a round figure e.g. 333 shares.

If we issue 333 shares each to 3 shareholders, what happens to the 1 remaining share? Can this 1 share remain unallocated in the pool?

Thanks a million for your assistance

Jeremy