Transferring share purchase rights in seasoned issue
Customers can transfer the rights to purchase securities in a seasoned equity offering in the period specified in the Notice to this effect.
The transfer of the rights to purchase additionally issued securities is negotiated by the seller and the buyer on the price and payment method;
The two parties need to come to a securities company where the seller opened the stock trading account, sign Request for Transfer of the Rights to Buy Securities
The seller must pay personal income tax arising from his/her transfer according to the law.
Transfer steps at FPTS:
Step 1:
- Individual customer: Show citizen identification card/Passport
- Institutional customer: Show Business Registration Certificate, Letter of Appointment
Step 2:
- Sign Request for Transfer of the Rights to Buy Securities
- Pay fees and taxes on the transfer
Step 3:
- FPTS completes the transfer documents and sends them to VSDC
- FPTS credits the transaction upon VSDC’s approval