What do issuer-sponsored shares and SRNs mean, and how do I add them to my Pearler account?
If you have issuer-sponsored shares, then it means that the shares are sponsored by the company that first issued them, not a broker. The company is known as the Issuer.
The association between you and the issuer will usually be managed by a third party share registry who will have their own electronic register that catalogues investors and their shareholdings.
When you receive issuer-sponsored shares you will also receive a unique Security Reference Number (SRN). SRN numbers are generally ten or eleven digits long, will start with an ‘I’ and will be located on any correspondence you receive from the third party share registry.
Issuer-sponsored share parcels can be added to your Pearler account by completing a share transfer request, and filling in your unique SRN.
It’s important to remember that each parcel of shares will have its own SRN, so if you own multiple issuer-sponsored share parcels with several different companies then you will have a different SRN for each one.
If you’ve misplaced the SRN for a parcel of shares you want to transfer to Pearler then you can contact the share registry (who will post a copy to the registered address of the shareholder).
How to find your SRN
Your holding statement: The share registry will send you a holding statement with your SRN listed. If you can’t find a holding statement, contact your share registry to ask for one.
How to find out which share registry to contact
To find the share registry for a particular company or fund, go to:
www.asx.com.au > Markets > Prices and Research > Company Directory > Search for a company by code or name in the search bar > select the company, once the page has been returned, scroll to the bottom of the page.
Alternatively, you can use the ASX Share Registry Search tool.
Carmen
13 December 2021