Overview
Share Trading
Acorn Agri and Food’s shares are traded over-the-counter as share transactions are negotiated directly and bilaterally between willing buyer and sellers of shares.
Acorn Agri and Food will, through its Investor Platform, facilitate the identification of willing buyers and sellers and act as administrator to provide the parties with the required documentation to facilitate transactions and to update its securities register after the conclusion of transactions.
How to Trade
Step 1
Register on the Investor Platform
New shareholders and brokers are required to register on the Investor Platform before buying shares. After registration, a shareholder account can be opened by submitting the following documents which are available on the Investor Platform:
- Registration form
- Share Administration agreement
- FICA documents
- Dividend withholding tax form (for companies and close corporations)
- The appointment of an authorised representative (for companies, close corporations and trusts)
The relevant documents are also available below:
Registration Forms
Share Administration Agreement
FICA documents
Dividend withholding tax form (for companies and close corporations)
Buying
Selling
Off Market Transactions
Transfer Forms
Step 2
Placing an Order
Orders can be placed directly on the Investor Platform
Log in to the Investor Platform and select the account you want to trade from.
Once a potential transaction has been identified, based on time and price priority, the Investor Platform will assist the buyer and seller to directly and bilaterally negotiate the transaction and will provide the parties with a pro forma sale agreement.
A contract note is provided to the buyer and seller reflecting the capital amount, relevant fees payable and the Security Transfer Tax, payable by the buyer.
Unless the shares are ceded to Acorn Agri and Food, the buyer pays the purchase price directly to the seller.
OR
Negotiating without the Share Administration Desk
Buyers and sellers of shares may negotiate share sale transactions without involving the Investor Platform. Provided both parties are properly registered, the Company will only transfer the relevant shares from seller to the buyer on its securities register upon receipt of the following:
Share sale agreement, signed by both parties.
Share transfer form, signed by the seller
Confirmation that:
The buyer and seller have paid an administration fee, ranging from R250 as a minimum fee to a maximum fee of R5000, as indicated by the relevant contract note or invoice.
The buyer paid the Security Transfer Tax as indicated on the contract note;
The buyer paid the purchase price to: Acorn Agri & Food (if the shares are ceded to Acorn Agri & Food); OR The seller.
Closing of the Share Administration Desk, Termination and Cautionary Statements
All offers to sell and bids to buy shares will terminate automatically after 90 calendar days, unless a shorter period has been indicated by the buyer or seller. Share trade facilitation annually closes on the 15th of December and reopens on the 2nd of January.
Partially matched bids and offers remain on the Investor Platform until it is bought or sold, and terminates or is cancelled in writing.
Shareholders must take note of any cautionary statements issued by Acorn Agri and Food from time to time. Cautionary statements are published on the website and the Investor Platform.
Contact Us
The contact details of the Share Administration Desk are:
Telephone
028 214 3800
shares@acornagri.com
Fax
028-212 1109
Post
P O BOX 50,
Caledon, 7230