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How to sell or buy Capricorn Group sharesA brief summary
How do I prove I am a Capricorn Group shareholder?
The Share Certificate issued by Transfer Secretaries (Pty)
Ltd, a subsidiary of the Namibia Stock Exchange (NSX)
must be used as proof.
How do I sell or buy Capricorn Group Shares?
Since Capricorn Group is listed on the NSX, selling or
buying of shares can easily be done through registered
stockbrokers namely; IJG Securities, PSG Konsult,
Namibia Equity Brokers (NEB) and Simonis Storm
Securities. “Off-market“ transactions are possible if a
seller and a buyer have agreed on a transaction.
How do I open an account with a registered stockbroker?
To open an account with a registered stockbroker, you
need the following documents:
• Certified copy of identity document
• Proof of residence e.g. Municipal bill
• Bank statement not older than 3 months
What are my selling or buying options?
You can sell or buy Capricorn Group shares by placing
an order with a stockbroker. Two types of orders can be
placed:
• Market Order (when you want to sell or buy shares as
quickly as possible)
• Limit Order (when you want to sell or buy shares at a
set price or better)
What costs are associated with selling or buying Capricorn Group shares?
The total cost charged for selling or buying shares is
regulated by the NSX and is made up of 3 components:
• Brokerage commission (based on sliding scale of not
more than 1% of transaction amount)
• NSX Transaction levy (fixed at 10% of brokerage
commission)
• Namfisa levy (fixed at 0.04% of transaction
amount)
For example the total cost of selling or buying
N$10 000.00 worth of shares is 1.14% or N$114.00.
NB: There is no tax payable on the proceeds of selling
your shares, unless you are a share trader.
When are payments done?
• Selling of shares: Settlement on the NSX takes 5
working days, so you will receive your money after 5
working days of the sale being executed.
• Buying of shares: You need to have the money
available in your broker account when you place an
order to buy shares.
Who can give me advice on selling or buying Capricorn Group shares?
The NSX registered stockbrokers ( IJG Securities, PSG
Konsult, Namibia Equity Brokers (NEB) and Simonis Storm
Securities) are the best places to look for advice on how to
execute your trade, but you need to ensure that you are
well informed before making an investment decision.
Contact DetailsEmail: [email protected]
Tel: (061) 299 1301/ 1304