Fractional Shares |
---|
What is the procedure to sell shares constituting less than one unit? Shareholders who hold less-than-one-unit shares can request TriIs to purchase their less-than-one-unit shares. What is the procedure to purchase a number of shares to make up one unit? Shareholders can request TriIs to sell number of shares to make up one unit (100 shares) together with their less-than-one-unit shares. Is there charge/ fee for those procedures? No, it is free of charge. If you, however, have a brokerage account, your broker may charge for that. What is a “Special Account”? A “Special Account” is an account, in accordance with the introduction of dematerialization of certificate (electronic share certificate system),
opened by issuer companies, for the purpose of protecting the rights of the shareholders of paper share certificates that have not been deposited
with Japan Securities Dealers Association (JASDEC) or “Hofuri.” “Special Account” is not a trading account, so in order to sell the shares recorded
in a “Special account,” you must first open your own trading account at a securities company and then transfer the shares remaining in the “Special Account”
to the trading account. How are registered shares handled after the dematerialization of certificate? The shares of which certificates are not issued and registered in the share registry have been recorded at “Special account” set up and maintained
by the issuer company after the dematerialization of certificate implemented January 5, 2009. Shareholders of registered shares can purchase and/or sell them
after the dematerialization. |