Yes, you can Sell the T1 & T2 Shares if the same is not in Trade to trade category.
How do I transfer shares from one lot to another?
- Sign in to your Shareworks account 2. Click the Share Purchase and Holdings tab 3. Locate the shares in the Share Holdings section under the Available to Transact heading 4. Click Transact 5. Select the transaction type, Real Time Sale or Shares Transfer 6. Select the Lot Selection you would like to use 7.
What happens to employees when a company sells its shares?
- In a share sale there is generally no change of employer because it is the employing company that is sold. There is generally no requirement to involve the employees in the sale process save to the extent that it is commercially required. For example, to ensure that key employees will remain with the company if it is sold.
What is the T+2 settlement period?
- Settlement of your trade will be required to occur two business days after the day a trade takes place. This settlement period will be called T+2 (trade date plus 2 business days). The change to T+2 settlement is proposed to take place for trades conducted on or after Monday 7 March 2016, with the date to be confirmed by ASX.
Can’t you sell stock until you leave?
- It’s no surprise then that we consistently hear executives maintain that “I can’t sell stock.” o r, “I can’t sell stock until I leave,” and its sometimes corollary, “I feel that between the rules and the pressure not to sell I am being encour - aged to leave here in order to be responsible to my family regarding our finances.”
If you buy stocks in the T2T category today, you will be able to sell them only after the T+2 settlement happens. If you try selling these shares on the same day or before the shares are in the Demat account, your order will get rejected.