What Happens to Delisted Shares?

A delisted company's shares no longer trade on the ASX, but delisting does not by itself tell you whether the shares have value or whether the company still exists.

Delisted is not always worthless

A company can delist after a takeover, privatisation, merger, failure to meet listing rules or a voluntary decision. In some situations shareholders receive cash or replacement securities; in others the company continues as an unlisted entity.

Check company announcements and status

Search historical ASX announcements, the company website, ASIC registers and administrator or liquidator notices. Identify the event that caused delisting and whether shareholders were asked to take action.

Can delisted shares be sold?

There may be no ordinary exchange market. A private transfer might be possible, but buyers, pricing and transfer restrictions can make it difficult. Professional advice may be required.

Can they be donated?

Donate Your Shares Australia primarily focuses on eligible transferable listed holdings. A delisted or suspended security may not be accepted because it cannot be readily transferred or realised. Contact us before completing documents.

Keep evidence of your holding

Retain statements, certificates, transaction records and correspondence. These can be important for tax loss claims, distributions or later corporate actions.

Ready to take the next step?

Before discarding old paperwork, confirm what happened to the company. For eligible listed residual holdings, donation may remain an option.

General Information Disclaimer

This article contains general information only and does not constitute financial, legal or tax advice. Requirements vary between holdings, brokers, registries and personal circumstances. Consider obtaining advice from an appropriately qualified professional.