ShareMart is a system developed by Computershare Investor Services Limited
to enable unlisted issuers to match buyers and sellers of their unlisted securities. ShareMart is not a licensed financial product market under the Financial Markets Conduct Act 2013.
How ShareMart Operates
ShareMart is a screen-based, order matching system. Trading can only be carried out by telephone, by dialing 0800 50 50 06
. This number connects, through a call recording device, to staff trained in the system.
Our trained staff will be able to advise callers of the price at which the last sale of the unlisted security was effected and the range of current offers and bids. A caller may accept an existing offer or bid or may leave their offer/bid to be matched later.
Offers and bids are matched electronically and both parties are then notified of the details by mail. The transaction is completed by the buyer mailing in their cheque and the seller their share certificate.
Companies wishing to have their shares traded on ShareMart system are required to sign an agreement governing their use of the ShareMart system. Buyers and sellers using the ShareMart system agree to be bound by Terms and Conditions for their trades in unlisted securities.
The main requirements are to ensure that:
- The Company is properly constituted.
- It employs the service of Computershare Investor Services as its share registrar.
- It will keep its shareholders and the market informed of all relevant facts.
- The FSP dispute resolution regime applies to the service.