An exchange of share certificates (Swedish: utbyte av aktiebrev) means a company withdraws old share certificates and issues new ones. This may be needed when the details are no longer correct, for example after a share split, a reverse share split or a reclassification, or when the format needs updating.
The old certificates should be voided so there are not several valid documents for the same shares. The share ledger must show whether certificates have been issued, so the exchange should be documented there too.
A share certificate is written proof that a person owns certain shares in a limited company.
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Voiding of share certificates means a certificate is made invalid, for example when replaced by a new one.
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Issuance of share certificates means the company hands over a share certificate to the shareholder concerned.
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Historical share certificates are old share certificates preserved as documents of how ownership was recorded.
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