Disclaimer: The content provided in this blog is for informational purposes only and does not constitute financial advice.
Employee share schemes (ESS) offer a valuable opportunity for employees to own a piece of the company they work for. Whether you’re looking to diversify your investment portfolio, need funds for personal reasons, or believe it’s the right time to cash in on your investment, selling shares acquired through an ESS can be straightforward when you know the steps involved. This guide will walk you through everything you need to know about selling your employee shares efficiently and confidently.
Understanding Employee Share Schemes
An Employee Share Scheme allows eligible employees to acquire shares in the company, either at no cost or at a discounted rate. These schemes are designed to align the interests of employees with those of shareholders, fostering a sense of ownership and encouraging employees to contribute to the company’s success.
Why Companies Offer Employee Share Schemes
- Incentivise Performance: By providing shares, companies motivate employees to work towards increasing the company’s value.
- Employee Retention: Share schemes often have vesting periods, encouraging employees to stay with the company longer.
- Attract Talent: Offering shares can make a company more attractive to potential hires.
Key Considerations Before Selling
Before you decide to sell your employee shares, consider the following:
- Vesting Periods: Some schemes require you to hold the shares for a certain period before selling.
- Performance Conditions: There may be specific targets that need to be met before you’re eligible to sell.
- Tax Implications: Selling shares can have tax consequences. It’s advisable to consult with a tax professional.
Company Policies: Each ESS is different. Review your company’s scheme rules or consult your HR department to understand any restrictions or procedures.

Step-by-Step Guide to Selling Your Employee Shares
1. Confirm Eligibility to Sell
Ensure that you’re allowed to sell your shares. Check for any:
- Lock-up Periods: Timeframes during which selling is prohibited.
- Blackout Periods: Times when trading is restricted, often around financial reporting dates.
2. Locate Your Securityholder Reference Number (SRN)
Your SRN is a unique identifier for your shareholding. You’ll need it to sell your shares. You can find it on:
- Holding Statements
- Dividend Statements
If you can’t locate your SRN, services like Sell My Shares can perform an electronic SRN search on your behalf.
3. Choose a Selling Platform
Opt for a platform that allows for quick and easy share sales without the need for a traditional stockbroker.
- Online Services: Platforms like Sell My Shares offer a 100% online process, often completing sales on the same day.
- No Hidden Fees: Ensure the platform is transparent about any costs involved.
4. Complete the Online Sale Form
Provide the necessary details:
- Personal Information: Name, contact details, and identification.
- Share Details: Company name, number of shares, and your SRN.
- Bank Details: For the deposit of your sale proceeds.
5. Review and Submit
Double-check all information to avoid delays. Submit the form and wait for confirmation.
6. Receive Your Funds
Once the sale is processed:
- Confirmation Email: You’ll receive details of the sale.
- Funds Deposited: Money will be transferred directly to your bank account.
Benefits of Selling with Sell My Shares
- Speed: Same-day processing ensures you get your funds quickly.
- Simplicity: The online form is straightforward and user-friendly.
- No Broker Required: Avoid the hassle of traditional brokerage services.
- Transparent Fees: Competitive rates with no hidden charges.
Final Thoughts
Selling shares from an Employee Share Scheme doesn’t have to be complicated. By understanding your company’s policies and following the steps outlined above, you can efficiently convert your shares into cash when the time is right for you. Always consider seeking professional advice if you’re unsure about any aspect of the process.
Ready to Sell Your Shares Today?
Visit Sell My Shares to start the quick and easy process. Complete the sale in four simple steps and enjoy the benefits of a hassle-free transaction.