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Trading in unlisted shares

Trading in unlisted shares

Trading in unlisted shares means buying and selling shares in companies that are not listed on an exchange.

What is trading in unlisted shares?

Trading in unlisted shares (Swedish: handel med onoterade aktier) means buying and selling shares in companies that are not listed on a stock exchange, sometimes called private trading. Deals are often negotiated directly, sometimes via a broker, and set out in a share purchase agreement.

 

Trading in unlisted shares and the share ledger

The articles of association may contain a transfer restriction affecting who may buy the shares. After a transfer, the new owner must be entered in the share ledger. NVR records such changes digitally.

Record a change of ownership
Henrik Kristensen, NVR
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Related terms

Unlisted shares

Unlisted shares are shares in companies that are not listed on a stock exchange or trading venue.

Transfer of shares

A transfer of shares means shares change owner, for example through a sale, gift or inheritance.

Transfer restriction

A transfer restriction is a condition in the articles of association that limits how shares may be transferred.

Share purchase agreement (SPA)

A share purchase agreement (SPA) is the agreement that sets out the terms when shares in a company are sold.