Redeem securities of a holder

Through the Issuer centre, you can process various types of security redemptions.

There is also the option to upload a completed redemption application document, which is stored with the redemption record for audit trail purposes.

From the menu, go to Transactions and click Redeem securities.

Step 1. Transaction type and holder

1. Select the Redemption type and the Security from the dropdown. Redemption types can be added by clicking Create new redemption type at the bottom of the dropdown menu.  Redemption types can be managed by navigating to Transactions and then to Transaction management.
2. Select the holder. You can choose from the dropdown menu, or type in the field to search by name, HIN or SRN.
3. Click Next.

Step 2. Transaction details

1. Enter the Settlement date.
2. Select how the securities will  be allotted:
   • Enter quantity and price, total value will be calculated.
     • The Quantity of securities to be issued is automatically multiplied by the Price per security to determine the Total value, displayed in the green box.
     • For partly-paid securities, the Quantity of securities to be issued is automatically multiplied by both the Paid amount per security and the Unpaid amount per security, to determine the Total Paid amount per security and Unpaid amount per security. The Total value is calculated from the total paid and unpaid amounts and displayed in the green box.
   • Enter total value and price, quantity will be calculated.
     • The Total value to be issued is automatically divided by the Price per security to determine the Quantity, displayed in the green box.
     • For partly-paid securities, the combined Total paid value and Total unpaid value are automatically divided by the Price per security to determine the Quantity of securities to be issued. The Total value is calculated from the total paid and unpaid amounts and displayed in the green box.
   • Enter total value and quantity, price will be calculated.
     • The Total value is automatically divided by the Quantity of securities to be issued to determine the Price per security, displayed in the green box.
     • For partly paid securities, the combined Total paid value and Total unpaid value is divided by the Quantity to be issued to determine the Price per security. The Total value is calculated from the total paid and unpaid amounts and displayed in the green box.
3. If any of the proceeds of the redemption are deemed to be part of a distribution then check Redemption proceeds may include a deemed distribution checkbox
   • • If checked, this will be noted on the holding statement.
4. Under Attachments, you have the option of uploading a Completed redemption application document by clicking Add file, then browsing to select a file from your computer.
5. Click the Next button to review the transaction on the Confirm transaction page.

Step 3. Confirm transaction

1. To execute the transaction, click the Confirm transaction button. An email notification and attached holding statement will be generated for the holder informing them of the details of the redemption.
2. After the transaction has been confirmed, you can view the result of issuing the securities by going to the Capital Structure or by clicking on the holder's name on the confirmation transaction page which will take you to the holder's holding details page.

Additional Information:

• You can download a copy of the holder's holding statement.
• If the holder does not have an email address stored in the system or has chosen not to receive statements via email, an email notification will be sent to the issuer or registrar (depending on how your profile is configured) containing an attached holding statement which can be printed and mailed to the holder to inform them of the redemption.