What is an off-market transaction, I'm not sure what that means?
Off–market securities transactions take place between an investor and another party, often a share registry or the company that issued the securities, outside of the formal market (ie the stock exchange). These transactions might include (but are not limited to):
Dividend reinvestment: This is where an investor does not receive dividends in cash, rather the dividend is automatically reinvested in the company and the investor receives additional shares.
New issue: A new issue is the expression used when securities (shares or bonds) are offered for sale to the public for the first time.
Off-market transfer: This is a change of ownership from one name to another, done privately through the share registry.
Corporate action: This is an event initiated by the issuing company that can change the number of shares held by an investor. A dividend is one example of a corporate action. Another example is a share split, where a company splits existing shares into multiple shares at a specified ratio e.g. 2:1. Following a split, an investor will hold 2 shares for every 1 they held prior to the split. The dollar value of the shares held by an investor will remain the same, but they quantity they hold increases.
The way to complete an off-market transaction of shares is to download the off-market transfer form from the relevant registry’s ...
Australian shares can be held in two ways. Broker sponsored holdings Your shares are held in an account with a ...
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CHESS is a computerised share sub-register system operated by the Australian Stock Exchange (ASX), used to manage share ownership and ...