If you have issuer-sponsored shares, our share sale service is fast and easy. If you do not have a broker or trading account and would like to quickly sell your shares, One Off Trades can help. We allow you to sell your shares without the need to open a full trading account.
People often end up with a parcel of shares but do not have a trading account to sell them. This can be the result of employee share schemes, investing in company floats, or having shares held in the name of a family member. One Off Trades allows you to sell your issuer-sponsored shared on the market without the need to open a traditional trading account.
Issuer sponsored shares are those not connected to a broker. This can be identified by looking at your Holding Statement, which will display a 10-digit number, most likely headed by the letter ‘I’.
This number is called the SRN, Shareholder Reference Number. If your holder number starts with the letter ‘X’, this means your shares are connected to a broker.
Your shares will be sold between market open hours, which are approximately 10am to 4pm (Sydney time) Monday to Friday (unless the market is closed for a national public holiday or similar). We endeavour to execute and sell your shares as soon as possible and normally do so within approximately two business days at the prevailing market price at the time the order is placed.
A confirmation Contract Note will be issued once your shares are sold. You should retain the Confirmation Contract Note for tax purposes, as it details the price your shares were sold at and the brokerage paid.
Your sell order will be placed as an ‘At Market Order’ which will match your order to the top bid (buyer’s) price at the time of execution. Market orders are not guaranteed to execute at the current last traded price in the market. If your order is partially filled it will remain on the market until fully sold.
Contact us if you would like to enquire as to what the current last traded price is.
Up to four individual issuer sponsored parcels can be sold using a single application. If you have more than four parcels to sell, please contact us at (02) 8999 0595 or [email protected] and we can assist further.
To obtain information about your current shareholding and transaction history, including dividend payment information for taxation purposes, make changes to your shareholding, including to change your name, update your banking instructions, update your email or mailing address, record your tax file number, or transfer your holding, please contact your designated Share Registry.
If you have recently had a name change, we will need proof of the change (ie, marriage certificate). In section 3 of 5 of the application, after you fill out the Registration details. You will be asked:
“Do any of the shareholders on this page go by another name than that which is listed on the registered holding details (as per a Holding or Dividend Statement) ?” Select yes, and upload the necessary name change document(s).
You may also email your document to [email protected] , just be sure to include your transaction ID.