How To Sell Woolworths Shares - Sell Shares Direct

WOW shares are listed by the Woolworths group and can be bought or sold through trading on the Australian Securities Exchange (ASX). The Woolworths group encompasses Woolworths supermarkets, Big W, BWS, Woolworths New Zealand and Woolworths Metro.

If you wish to sell Woolworths shares, there is not necessarily a need to hire a stockbroker or create an active trading account. For selling shares on a one-off basis, or if this is the first time you have engaged in trading, using an online brokerage service may be the best option for you.

At Share Sales Direct, we can sell your shares on the Australian Securities Exchange (ASX) quickly and efficiently at the best available market price. We take the hassle out of the trade process with an easy online form and selling process.

What To Consider Before Selling Your Woolworths (WOW) Shares 

There are a couple of factors to consider before you decide to sell your Woolworths shares. First off, it is always a good idea to take a look at the current Woolworths share price, so you have a better understanding of the value and possible profits you may get from selling shares.

Another consideration is the outcome of selling your Woolworths shares and the possible profit you can make. Looking at the brokerage fee, which is made up of a specific minimum amount and a percentage of the value of your shares is also important.

It is always in your best interest to think about your personal circumstances, and whether selling right now will result in a profit or valuable sale, compared to waiting until the share price is better.

Finally, when you sell your shares there may be additional tax obligations. The capital gains tax payable when you sell Woolworth shares will depend on how long you have owned your shares. The best way to understand the tax rate you will have is by speaking to a tax professional.

How Do I Sell My Woolworths Shares? 

WOW shares that are Issuer Sponsored Shares can be easily and quickly sold through an online brokerage service like Share Sales Direct. We will take your Woolworths group shares and sell them at the best available market price, with minimal paperwork and forms to fill out. An online broker service saves you time and effort, with a simple process.

The current stock price will determine the value of your Woolworths shares, and Share Sales Direct will strive to sell your shares at the best price possible based off this shareholder value.

Selling Woolworths Shares Online

The process at Share Sales Direct is as follows:

• Fill out the online form
• Verify your identity online with ID and personal information
• Supply your SRN and shareholder information
• We sell your WOW shares
• Sale proceeds and brokerage fee will be sent through

For complex share sales that require additional legal document verifications, you may be asked to fill out another form or provide additional proof of identity. These kinds of shares could include jointly held shares, deceased estates, maiden names, private companies, and trusts.

Forms And Documentation Required

For this process you will need a copy of your holding statement or dividend statement for the Woolworths group shares you hold and wish to sell. Your online form will ask you to provide personal details such as your full name and residential address that will match with your holding statement.

You will also need to verify your identity with a primary identity source, which could be an Australian driver's licence or an Australian passport. Whether you have shares in Woolworths, Big W or even Woolworths New Zealand, you must have an Australian residential address and Australian identity form to buy and sell shares on the ASX.

We will sell your shares on the market as soon as possible, and for the best price possible. Once the trade has been executed, the settlement of sale occurs and legal transfer of ownership from you will occur. The proceeds of the sale can be transferred to your nominated bank account.