> ## Documentation Index
> Fetch the complete documentation index at: https://docs.gocenti.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Cap Tables: View Ownership and Export Share Registers
> The Centi cap table shows every shareholder, their holdings, and ownership percentages. Download the share register or export to Excel on any company page.
The cap table is the authoritative ownership record for each portfolio company in Centi. It aggregates every active block of securities — shares, options, and convertibles — and shows you who owns what, in what quantity, and at what percentage of the total. You can read the cap table directly in the portal, download a formal share register document, or export a fully formatted Excel workbook for offline analysis or investor reporting.
## Navigating to a company's cap table
Click **Companies** in the sidebar. Centi loads the full list of portfolio companies registered under your organisation.
Click the company name in the list (for example, *Saga MidCo*). Centi opens the company detail page.
The **Cap table** tab is selected by default. If you navigated away, click the **Cap table** tab in the tab strip to return to the ownership view.
## Reading the cap table
The cap table is organised into sections by security type. Within each section, every row represents one shareholder's position in that security class. The columns are:
| Column | Description |
| --------------- | ------------------------------------------------------------------------------------------------- |
| **Shareholder** | The name of the individual, company, or fund entity holding this position |
| **Security** | The specific security class (e.g. *Ordinary A shares*, *Series 1 Warrants*) |
| **Units** | The number of units held by this shareholder in this security |
| **Ownership %** | This shareholder's proportional stake in the fully diluted share count, expressed as a percentage |
Aggregate rows at the bottom of each section show the total units issued and the combined ownership percentage for that security type.
### Security types shown
The cap table surfaces three categories of securities:
* **Shares** — ordinary and preference shares, representing direct equity ownership. Each share class may carry different voting rights and liquidation preferences.
* **Options** — employee or investor options and warrants, including their exercise price, exercise window, and underlying share class. Options are shown on a fully diluted basis.
* **Convertibles** — convertible instruments such as standard convertibles, shown alongside their conversion terms and the share class they convert into.
Each security type is displayed in its own section of the cap table so you can assess dilution clearly.
### Ownership percentages
Ownership percentages are calculated on a **fully diluted** basis by default, meaning options and convertibles are included in the denominator as if they had already converted or been exercised. This gives you the most conservative view of any one shareholder's stake.
## Downloading the Share Register
The share register is a formal document — typically an Excel or PDF depending on the country — that records all shareholders and their holdings as at the date of the most recent security event.
Open the company detail page and ensure the **Cap table** tab is active.
Click the **Share Register** button in the top-right of the page header.
Your browser downloads the share register file immediately. No additional confirmation is required.
If the Share Register button is disabled with a tooltip that reads *No share register exists*, the document has not yet been generated for this company. Contact [operations@gocenti.com](mailto:operations@gocenti.com) to have it created.
## Exporting the cap table to Excel
The Excel export produces a multi-sheet workbook with a cover page, a summary sheet, an investment sheet, and a security sheet. Use this export for investor reporting or offline modelling.
Open the company detail page and ensure the **Cap table** tab is active.
Click the **Export Cap Table** button in the top-right of the page header. A popover opens where you choose how ownership should be priced.
Use the **Current** / **Historical** toggle at the top of the popover to pick the mode that fits your reporting need (see [Export modes](#export-modes) below).
Click **Export**. Once generation is complete, your browser downloads the `.xlsx` file. The file name includes the company display name and a timestamp, for example: `Saga MidCo - Cap table export 2025-06-01T12:00:00Z.xlsx`
### Export modes
The popover offers two modes that control how each holding is valued in the workbook.
#### Current
Exports today's ownership positions, priced against a valuation you select. The **Valuation** dropdown lists:
* The latest active fair market value (FMV) valuation, tagged **FMV**.
* Every published projected valuation that has not expired, tagged **Projected**.
Choose **FMV** for a standard current-state export at fair market value. Choose a **Projected** valuation to model today's cap table against a scenario such as a planned funding round.
If no valuations exist for the company, the dropdown shows *No valuation available. Create and publish one in Valuations to export against it.* See [Valuations](/fund-portal/valuations) to create and publish a projected valuation.
#### Historical
Exports ownership as it stood on a date you pick, using the latest valuation that was published on or before that date. Use Historical mode for point-in-time reporting — for example, a quarter-end share register or an as-at valuation date snapshot. The date picker is bounded by the earliest available snapshot for the company and today's date.
### What the Excel workbook contains
| Sheet | Contents |
| --------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Cover** | Company name, organisation number, date of last change, and contact details |
| **Cap table summary** | Consolidated ownership overview across all security types, showing each shareholder's cost per share, units, votes, total investment, latest valuation, and both basic and fully diluted ownership percentages |
| **Cap table by investment** | A row-per-investment breakdown of each shareholder's positions, including acquisition date and the equity program the position originates from |
| **Securities** | Definitions of every security class — name, units, base value, valuation, votes, yield terms, compounding, day count convention, exercise window, strike price, and underlying security |
## Related pages
* [Companies](/fund-portal/companies) — browse the full list of companies and navigate to individual company pages.
* [Loans](/fund-portal/loans) — view shareholder loans linked to equity programs within the same portfolio.