Sell Your Shares
It is important to know how your shares are being held if you plan on selling your shares. In Australia, there are two types numbers that shares can be held on. One is an SRN or Security Reference Number. The second is a HIN, or Holder Identification Number.
Security Reference Numbers (SRNs)
If you have an SRN, this may also be known as an Issuer Sponsored holding. The most common ways to acquire shares that are held on an SRN are:
Issuer Sponsored holdings are held with the share registry of the company. The shares are not connected to a stockbroker and a full trading account is not needed to own these shares. Your SRN can normally be found on a holdings statement or any mail that has been sent to your from the share registry. The SRN most likely begins with the letter ‘I’ followed by ten or eleven digits.
Holder Identification Numbers (HINs)
Shares that are held on with a stockbroker or on a full trading account will have a HIN and are known as a CHESS (Clearing House Electronic Subregistry System) holding. A HIN will start with the letter ‘x’ followed by ten numerical digits.
Selling Shares
To sell shares held on an SRN you will need to complete our online application form. We are happy to assist with any enquiries regarding the sale of an issuer sponsored holding.
One Off Trades is unable to sell shares that are on a HIN. You will be required to contact the broker you have opened the account with or open a new full-trading account.
For standard Value Service (shares sold within 1 -2 business days), One Off Trades brokerage rate is $95 per parcel up to $10,000 in value, or 0.95% per transaction over $10,000 in value.
For expedited Same Day Service (shares sold the same day*), One Off Trades brokerage rate is $130 per parcel up to $10,000 in value, or 1.30% per transaction over $10,000.
(All figures above are exclusive of GST)
*For Same Day Service, the cut off time is 2:00pm AEST/AEDT. If your application is submitted after this time, it will be sold the next business day.
Example 1 - Selling shares worth less than $10,000 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Service | Value | Same Day | VIP | |||||||
Number of Shares | 1,000 | 1,000 | 1,000 | Emily wants to sell shares in ABC Ltd | ||||||
Price per Share | $ | 7.39 | $ | 7.39 | $ | 7.39 | Her shares are sold at the best available market price, of $7.39 per share | |||
Gross Proceeds | $ | 7,390.00 | $ | 7,390.00 | $ | 7,390.00 | The proceeds are calculated as the number of shares sold, multiplied by the share price | |||
Fees | $ | 104.50 | $ | 143.00 | $ | 165.00 | $95 + GST for Value, $130 + GST for Same Day, $150 + GST for VIP | |||
Net Proceeds | $ | 7,285.50 | $ | 7,247.00 | $ | 7,225.00 | The total amount deposited directly into Emily's nominated bank account |
Example 2 - Selling shares worth more than $10,000 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Service | Value | Same Day | VIP | |||||||
Number of Shares | 2,000 | 2,000 | 2,000 | Emily wants to sell shares in ABC Ltd | ||||||
Price per Share | $ | 7.39 | $ | 7.39 | $ | 7.39 | Her shares are sold at the best available market price, of $7.39 per share | |||
Gross Proceeds | $ | 14,780.00 | $ | 14,780.00 | $ | 14,780.00 | The proceeds are calculated as the number of shares sold, multiplied by the share price | |||
Fees | $ | 154.45 | $ | 211.35 | $ | 243.87 | 0.95% + GST for Value, 1.30% + GST for Same Day, 1.50% + GST for VIP | |||
Net Proceeds | $ | 14,625.55 | $ | 14,568.65 | $ | 14,536.13 | The total amount deposited directly into Emily's nominated bank account |
“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.
In order to sell shares for a Deceased Estate you will require the following:
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Enter / Search For a Stock Code / Company | ||
Stock Quantity To Sell (In Numbers) | ||
Result | ||
Stock Code : | ||
Stock Name : | ||
Last Trade Price** : | ||
Number of Shares : | ||
Estimated Fees* : | ||
Estimated Trade Total : | ||
*Estimated Fees are exclusive of GST based on the Value Service pricing
** Prices displayed are estimated based on third party APIs and not a guarantee of actual sale price at the time of sale. For pricing details, please visit the ASX website
Our offices will be operating limited operating and customer service hours from Friday, 24th December until Tuesday, 4th January.
If you require support during this period, please email [email protected].
Please refer to the table below for Holiday trading dates.
Date | Trading Hours | |
---|---|---|
Friday 24-Dec | Close Early | 10:30AM – 2:30PM |
Monday 27-Dec | Christmas Day | Closed (No sales will be placed until next Open date) |
Tuesday 28-Dec | Boxing Day | Closed (No sales will be placed until next Open date) |
Wednesday 29-Dec | Close Early | 10:30AM – 2:30PM |
Thursday 30-Dec | Close Early | 10:30AM – 2:30PM |
Friday 31-Dec | Close Early | 10:30AM – 2:30PM |
Monday 3-Jan | New Year’s Day | Closed (No sales will be placed until next Open date) |
Tuesday 4-Jan | Resuming Normal Hours | 9:00AM – 5:00PM |
Share sale forms submitted on ‘Closed’ dates will be processed on the next ‘Open’ date.