Navigate to create a repurchase
Configure the repurchase
1. Select buyer and seller
Use the Seller dropdown to choose the stakeholder who is selling their securities. Use the Buyer dropdown to select the entity that will acquire the securities.2. Select a program and leaver envelope
After selecting a seller, Centi loads the seller’s current holdings across all programs in the organisation. For each program:- Review the seller’s ownership — the number of units they hold per security class.
- Select a leaver envelope from the dropdown. If no leaver envelope is available, you must first add one in the Templates page before you can proceed.
3. Enter securities and pricing
For each security included in the repurchase, enter the number of units being bought back and the price per unit. Centi displays reference pricing information to help you determine the correct price:| Pricing reference | Description |
|---|---|
| Purchase price (cost basis) | The weighted average price per unit at which the seller originally acquired the securities, based on previous transactions |
| Latest valuation | The most recent valuation price per unit recorded in Centi, along with the valuation date |
| Accrued price (preference shares only) | For preference shares with an interest rate, you can calculate the accrued value by picking a custom date — Centi computes the compound interest value up to that date |
If the seller acquired the same security at multiple dates, the purchase price displayed is a weighted average across all acquisition batches.
4. Set signing and payment deadlines
After entering the securities details, configure the repurchase deadlines:- Signing deadline — The date by which the leaver envelope must be signed.
- Payment deadline — Required for any repurchase with a non-zero amount that is not fully financed by a loan. Choose when payment is due:
Payment timing Description Before registration Payment must be received before the repurchase is registered in the share register. Optionally set a specific date. After registration Payment is deferred until after registration. Choose either In connection with exit (payment linked to a future exit event) or Other date (a specific future date).
5. Review the registration process
Once you have entered security details and set a payment deadline, the Process section updates to show the sequence of steps for completing the repurchase: bank details confirmation (where payment is required), signing, payment, and registration. This preview helps you understand what will happen after the draft is created.6. Create the draft repurchase
Click Create draft repurchase. Centi saves the repurchase with Pending status and it appears on the Repurchases tab of the organisation page.View repurchase details
To open the detail panel for a repurchase, click its row in the repurchases table. The detail panel shows:- The seller and buyer
- The securities being repurchased, with units and price per unit
- The total repurchase amount
- Current status indicators for each step: Bank details, Signature, Payment, and Registration
- Signing and payment deadlines
- Any loan note configuration (if a loan note template is attached to the leaver envelope)
Signature status
| Status | Meaning |
|---|---|
| Not ready | Bank details have not yet been confirmed (for repurchases where payment is required before registration) |
| Ready for investor | Bank details are confirmed; documents are ready to send to the seller for signing |
| Investor pending | The seller has been sent the documents and has not yet signed |
| Witness pending | The seller has signed; a witness signature is required |
| Witness declined | The witness declined to sign |
| Ready for counter | The seller and any witness have signed; the envelope is ready to be counter signed |
| Counter pending | The counter-signatory has been sent the documents and has not yet signed |
| Fully signed | All required parties have signed |
| Declined by investor | The seller declined to sign |
| Declined by counter | The counter-signatory declined to sign |
Payment status
| Status | Meaning |
|---|---|
| N/A | No payment required (zero-amount repurchase or fully financed by loan) |
| Not ready | Payment details have not been confirmed or signing is not complete |
| Mark as paid | All prerequisites are met; can mark the repurchase as paid |
| Paid | Payment has been marked as received |
Register a repurchase
Once the repurchase is fully signed — and paid, where payment is required before registration — you can register it to record the securities movement in the share register.Confirm readiness
Check that the Signature status shows Fully signed and, for repurchases with payment due before registration, that the Payment status shows Paid. If either prerequisite is not met, the registration action will not be available.