What is share blocking?

Through this, shares transacted after this date do not entail the transfer of the voting rights Share blocking is a mechanism that prevents investors who wish to vote their shares from trading during a period prior to the annual meetings. Q:

What is a block of securities?

There is no official size designation constituting a block of securities, but a commonly used threshold is more than 10,000 equity shares or a total market value of more than $200,000. Securities traded in block trades facilitate trading by institutional investors or other large investors that require such bulk trades to meet their needs.

How many shares are in a block trade?

A block, as defined by the New York Stock Exchange’s Rule 127.10, is a minimum of 10,000 shares of stock. For bonds, a block trade usually involves at least $200,000 worth of a given fixed-income security. Though 10,000 shares is the operative figure, the number of shares involved in most block trades is far higher.

Can I transfer blocked shares?

Transfers of Blocked Shares will only be permitted on condition that by the date of the Transfer made in its favour the assignee has signed the Agreement accepting it in writing and the Transferred Shares are subject to the Block Syndicate.