How do I sell shares that are held by the share registry?
You can sell your issuer-sponsored shares that are held and managed by the share registry directly with your share registry or with CommSec.
If you wish to sell these shares with CommSec, you can do so by transferring these shares into CommSec in what is known as an Issuer to CommSec share transfer, giving you the ability to hold these shares in your CommSec account and sell them later. Explore this step-by-step guide on how to complete an Issuer to CommSec share transfer.
Online issuer-sponsored share sales are currently unavailable.
Once your shares have been transferred into your CommSec Share Trading Account and are CHESS-sponsored shares, you can choose to hold or sell them using CommSec as your broker. Follow the steps below to sell these shares:
- Log into CommSec
- Head to Trading
- Select the CommSec account that holds the shares you wish to sell
- Click SELL
- Add the stock code or company name of the shares
- Add the number of units or dollar value of the shares you wish to sell
- Input a Price limit or select At market
- Select the Expiry date or Good for day, then Proceed
- Confirm the sale details are correct, then Submit
Learn the terms
Issuer-sponsored shares
Shares that are managed by your share registry. Issuer-sponsored shares are allocated an Securityholder Reference Number (SRN).
CHESS-sponsored shares
Shares you own that are established and maintained on your behalf by a broker like CommSec. CHESS-sponsored holdings are registered to the unique Holder Identification Number (HIN).
Units
Units refer to the number of shares you wish to transfer.
Price limit
The minimum price to be received for the shares you're selling.
At market
When selling shares, ‘At market’ orders mean you’re willing to sell at the available prices bid in the market. Learn more about At market orders.
Expiry date
Also referred to as ‘Good til expiry’. This means that if your order is not filled, it will remain in the market until the specified expiry date or the expiration of 20 trading days (whichever is the earlier). Learn more about Good till expiry.
Good for day
If you select ‘Good for day’, your order will only be valid for that trading day. Learn more about Good for day orders.
