VituVingiSana wrote:Yoursmile wrote:Hi Wazuans ,
I find myself in a precarious situation where I purchased shares which I wanted to trade in only to find out later that they are class A shares that can only be transferred and not traded .
My question .How would I go about converting them to tradable shares .I am absolutely new at this.Clearly ..
What firm?
Do you know the conditions?
Have you asked the Registrar or Company Secretary?
The class A shares that I know of are Coop and CIC. I was in a similar dilemma a few years ago when I bough CIC through one of the brokers only to realize they were class A shares. The only way was for me to transfer them to Sacco that we had started with friends. It took two years for the entire process to be completed.
My advise is if they are any of the above shares is for you to sell them to a Sacco. Obviously, at a very huge discount.