What is CHESS? Should I have a share certificate?
The company’s securities have been uncertificated (i.e. issued without a share certificate) since the company was listed on the ASX. Shareholders are issued a statement of transactions similar to a bank statement. All stockmarket transactions in the company’s securities are advised electronically to the company’s Share Registry through CHESS (Clearing House Electronic Subregister System). Shareholders have their holdings sponsored either by the company (issuer) or broker. If you wish to convert your holding to a broker sponsored holding, you should contact your broker.
