SELLING SHARES OF GLOBAL CAPITAL PROPERTY FUND
Global Capital Property Fund Ltd (GCPF), is an Australian public unlisted company (not listed on any stock exchange) established to offer investors access to the returns associated with large scale property development. The types of projects into which GCPF invests reflect a longer term view of the company made into real property. You should view an investment in GCPF as a long-term investment and as an illiquid investment.
GCPF does not operate a “financial market” or a facility by which parties can trade shares of the company.
However, if you wish to sell your GCPF shares, you may register your interest to sell GCPF shares using the form linked below and we will add your details to the “GCPF Interested Seller List”.
Once you complete and return the Sellers Notification Form, GCPF will add your contact details to the GCPF Interested Seller List.
PRICE
The price at which you sell any GCPF shares is a matter between you and the purchaser however we recommend you refer to GCPF’s most recent published Net Asset Value Per Share (NAVPS).
IF YOU HAVE A BUYER READY
If you already have a purchaser ready, you must conduct your transaction directly with them although we strongly recommend you engage a professional to ensure the transaction is conducted properly. GCPF does not provide any “clearinghouse” services, meaning that we cannot protect you from errors or fraudulent transactions in the sale of your GCPF shares.
Once you have finalised the sale of you GCPF shares, you must notify us of the changes to owner of the GCPF shares so that we can update the share registry.
IF YOU WANT TO SELL, BUT DON’T HAVE A BUYER
If you don’t have a purchaser ready but want to sell your GCPF shares, GCPF can add you to the GCPF Interested Seller List.
GCPF cannot act on your behalf for your share sale but, with your consent and subject to you properly completing and returning to us the Sellers Notification Form, we will add your email to a list available to third parties who we are aware may be seeking to purchase GCPF shares.
To be added to the GCPF Interested Seller List, you must first complete the Sellers Notification Form.
GCPF makes no representations that any potential purchaser will be available through the GCPF Interested Seller List.
If you wish to remove yourself from the GCPF Interested Seller List, simply email us at [email protected] and advise you wish to be removed. We will endeavour to promptly remove you from the list as soon as practicably possible.
ONCE YOU HAVE FOUND A BUYER
You are under no obligation to sell your GCPF shares. If you do elect to sell any or all of your GCPF shares, you must negotiate your own terms (price, quantity, date of sale) with the purchaser.
Both you and the purchaser must fully and properly complete the GCPF Standard Transfer Form.
We strongly recommend you engage a professional to ensure the transfer of your shares, and the payment to you, is conducted properly.
GCPF cannot and does not ensure payment is made to you. We do not collect or make payments for private GCPF share sales and we do not validate any details of the parties. This is called a “clearinghouse” service and is not available via GCPF.
Once the completed GCPF Standard Transfer Form is provided to us, we will update our share register with the new shareholder details and the purchasing shareholders will receive an updated Holding Statement reflecting the share purchase or, if the shareholder is new to GCPF, will receive a Holding Statement and new shareholder information from Registry Direct within approximately 7 business days.
USEFUL LINKS
IMPORTANT NOTICE AND DISCLAIMER
- We do not facilitate your share sale. GCPF does not operate a “financial market” or a facility by which parties can trade shares of the company. If you wish to sell GCPF shares, you must engage directly with a potential purchaser to discuss terms of any sale and all terms of any sale of shares must be agreed between the buyer and seller directly.
- It is your sole responsibility to complete the transaction directly with the party on the opposite side of the transaction. If you do agree with a purchaser to sell your GCPF shares, we recommend that you engage an experienced professional to carry out the transaction.
- Any engagement by you with a potential purchaser, including any transaction documents for the sale of your shares, is between you and the buyer.
- GCPF makes no representation to any party about the availability, price, or quantity of shares which might be for sale and GCPF does not verify or make any representations about the creditworthiness of the parties.
- GCPF does not perform a clearinghouse service other than to make the necessary changes to its registry if a shareholder does arrange a sale to a purchaser.
- You must promptly notify GCPF using the Share Transfer Form if your shares are sold so that we can update our share register. The buyer and seller bear all responsibility for the accurate completion of any Share Transfer Form and for the payment and receipt of transaction monies.
- In respect to any potential or actual sale of GCPF shares, GCPF does not guarantee that a transaction will take place or that any specific quantity or desired price or desired time frame will occur.
- Representatives from GCPF are not permitted by law to broker a transaction on your behalf.
- The registration of interest to sell shares of GCPF does not constitute the provision of investment or financial advice by Global Capital Property Fund Limited nor its representatives.
- GCPF does not verify or make any representations about the creditworthiness of the parties to a transaction.
- GCPF has a legal obligation to maintain accurate records of personal information of its investors and any person/s or entity transacting in its shares.
- You consent to GCPF, in its absolute and unfettered discretion, disclosing your information to any party who may have, or may in the future, show an intention to acquire GCPF shares. You consent to being contacted by such parties and wholly and absolutely indemnify GCPF for an loss, damage, claim or liability that arises from GCPF disclosing such information.
- Contact us via [email protected] for further assistance regarding the Register.