How to Sell Paper Shares/Certificates
A Simple Five Step Process

If you wish to buy or sell any of your listed stock certificates on the Jamaica stock Exchange, the shares have to be held in electronic form. You will therefore not be able to trade any stock certificates which are in your possession until they have been immobilised.

The process involved in getting your certificates immobilised are outlined below in 5 simple steps.

For further clarification on any of the following steps, click on the specific step.
1. Collect all the certificates you wish to sell
2. Fill out transfer form(s) exactly as owner name(s) appear on each certificate for each stock
3. Get Justice of the Peace to witness the signature of each owner
4. Bring certificates with all supporting documentation to JMMB, along with the associated fees
5. Wait for notification of process completion from JMMB

Collect all the certificates you wish to sell

* Start the process by gathering all the physical certificates you plan to sell. For instance, if you wish to sell your Berger shares, identify all the Berger share certificates which you plan to sell.
* You are now ready to proceed to the next step of the process.

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Fill out transfer form(s) exactly as owner name(s) appear on each certificate for each stock

* Identify all of the owners (names listed on the certificates) that you plan to sell.
* You will need to complete a transfer form (as the transferor) for each certificate which you intend to sell.
* A separate transfer form will be needed for each share certificate. For example, if you wish to sell both your Grace Kennedy and your Bank of Nova Scotia shares, you have to sign separate transfer forms, 1 for the Grace Kennedy shares and 1 for the Bank of Nova Scotia shares.
* You might need to sign several transfer forms if you own these shares jointly with other individuals. Ensure that the names on each transfer form appear exactly as the names do on each stock certificate.

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Get Justice of the Peace to witness the signature of each owner

* The signature of each owner signing the transfer form will have to be witnessed by a Justice of the Peace.
* Ensure that the Justice of the Peace affix his J.P. stamp to the document, after witnessing each signature.

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Bring certificates with all supporting documentation to JMMB, along with the associated fees

When you have completed steps 1 and 2, you are now ready to take the certificates to us. The transfer forms completed in step 2 should accompany the certificates.

You might have to bring us additional documents if any of the following circumstances is applicable to your situation:-

If any of the owners stated on the face of the certificates is deceased you will also need to take in:-

* a certified copy of the probated Last Will and Testament of the deceased stamped by the Commissioner of taxes and Estate Duties
* if the deceased did not leave a Will, you will need to bring in a letter from the Administrator General stating that all estate duties have been paid on the deceased estate.
* If any of the owners on the certificates have changed their names you will also need to bring in certified copies of your marriage, deed poll, divorce decree, if any name change resulted from marriage, deed poll, divorce etc.

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Wait for notification of process completion from JMMB

The certificate can not be sold until we have received notification from the company registrar that the certificate is negotiable.

* It takes about 10-15 days to know whether the company registrar has rejected the certificates submitted for immobilization.
* If the company registrar rejects the certificates, they will return the certificates to us with any supporting documentation we had submitted.
* We will advise you as soon as we have received notification from the Company Registrar.

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