Do you want to know how to sell issuer sponsored shares in Australia? Do you know the difference between selling issuer sponsored and other kinds of shares?
The process of selling your shares will depend on the type of shares you hold.
For instance, if you engaged a stockbroker to purchase your shares, your shares are likely to be broker-sponsored (held on your behalf by a stockbroker). In this case, your shares are held on a Holder Identification Number (HIN) as opposed to being held on a Securityholder Reference Number (SRN). For us to sell shares held on HIN, your sponsoring stockbroker will need to transfer the shares to us to sell on your behalf.
Issuer sponsored shares on the other hand are usually acquired through a direct relationship with the company that issued the shares, this can include employee share schemes. Typically, selling issuer sponsored shares is a fairly straightforward process, particularly when you use an online broker service like Sell My Shares.
How to Sell Issuer Sponsored Shares Fast
At Sell My Shares we can facilitate the sale of your issuer sponsored shares, in an affordable and streamlined online process.
All you need to get started is your Securityholder Reference Number (also known as your SRN or holding number) which you will find on your holding statement or dividend statement. As part of the submission process we will guide you on what exact information you need to source.
You will be asked to provide proof of identity and in some special circumstances you may be required to provide additional documentation. In any case we keep the process as simple as possible for you.
Once we have received your documentation we can execute the sale of your shares. The whole transaction process typically takes a few business days.
We take care of everything for you so you don’t need to know all the technical aspects of how to sell issuer sponsored shares. We’ll keep you up-to-date throughout the transaction process and will answer any questions you may have along the way, but you can be assured you’re in good hands with our highly-experienced team.