Reclassification means shares change share class, for example from A shares to B shares. It changes the shares' rights, such as voting rights or the right to a dividend.
Reclassification usually requires support in the articles of association and is decided by the owners. The change must be recorded as a share ledger event so the share ledger always reflects the correct share class.

Conversion of shares means shares are converted from one share class to another.
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Share class refers to different types of shares in a company, e.g. A and B shares, with different rights.
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Voting rights are a shareholder's right to vote at the general meeting, often depending on share class.
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The articles of association are the basic rulebook that governs how a limited company operates.
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