Selling Shares

  • To sell shares, log on using your shareholder number and password that was sent to you via SMS and/or email.
  • To sell your shares, you need to enter the following information:
    • the Number of shares you wish to sell;
    • the Price per share you are willing to sell the shares for.
    • how long you want your order to last (expiry date)
  • Then a screen will appear showing what the likely value of your transaction might be, less taxes and administration fees.
  • If you are satisfied with the likely value and costs of your transaction, click the process order button.
  • Your order will be entered into the market for potential buyers and sellers to view.
  • The sellers order will be matched or successfully processed if;
    • The price of the seller is the same as that of the buyer
    • The price of the seller is lower than the highest price of the buyers
  • The seller must select one of the following payment options:
    • The money will be transferred to your banking account; or
    • The money will be kept in your trading account; or
    • Part of your money will be transferred to your banking account and the balance to remain in your trading account
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