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| How to Buy Citigold Shares |
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Note: The following information is not intended to be financial advise of any kind whatsoever but rather is provided to facilitate understanding of some of the stock exchanges and Citigold Corporation Limited (Citigold) shares.
AUSTRALIAN SECURITIES EXCHANGE (ASX)
Citigold Corporation Limited commenced trading on the ASX on 23 December 1993. The ASX is Citigold's primary or home exchange. Therefore, this marketplace is the most liquid for Citigold's 'CTO' shares. Shares referred to in this section, and traded on other exchanges, are ultimately linked back to the same 'pool' of shares that are tradable on the ASX. Citigold has only one formal listing on the ASX, and no secondary listings.
You will need to establish an account with a stock broker who is able to trade the ASX. You will then need to deposit money with the stock broker, who will then purchase the shares (or ‘stock’) for you in accordance with your instructions.
The two main brokers in Australia who trade about 50% of the shares in Citigold, principally through their OnLine internet based trading platform, are :-
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Commonwealth Securities |
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E-Trade Australia |
Some other full service stockbrokers who trade Citigold shares are:
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Burrell Stockbroking – Contact Jamie Elgar +61 7 3006 7200 |
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Patersons – Contact: Andrew Bostock +61 3 8803 0102 or Andrew Costley +61 3 8803 0170 |
Citigold receives no fees of any kind from the brokers mentioned.
In Australia the majority of trading in Citigold 'CTO' shares appears to take place through OnLine stockbrokers.
Investors can hold their shares on the CTO share register directly in their own name, in a company name, your stockbrokers name or a nominee name.
If you are in Australia, then any stock broker can buy Citigold Corporation Limited shares for you.
International investors may be able to open an account direct with an Australian stockbroker but often it is simpler to engage a broker or financial advisor in you local market who has the ability to trade Australian shares directly with the ASX through their affiliated broking alliances in Australia. Some international brokers who have access to the ASX are –
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India – Khandwala Securities, Mumbai. Contact: Paresh Khandwala
Phone : +91 22 2264 2300 Email: pkkhandwala@klsindia.com
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U.A.E. – MAC Sharaf Securities, Dubai. Contact: Ron Garcha
Phone: +971 4 409 7121 Email: ron@mac-sharaf.com
| Stock brokers are either ‘full service’ brokers and/or ‘OnLine’ internet brokers:
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A ‘full-service broker’ is a stock-broking organisation where you deal directly with people. They will talk to you either in person, if you visit their offices, or on the telephone. They will answer any questions you have and may offer you advice on buying and selling shares. Since full service brokers offer advice and other services you generally pay a higher brokerage fee to buy and sell shares.
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An ‘OnLine broker’ is a stock-broking organisation that you deal with exclusively through their internet website, except perhaps when setting up an account. Once you have an account set up with money in it, you can buy and sell stocks over the internet. These brokers offer no recommendations or advice regarding the appropriateness of your decision, consequently their brokerage fees tend to be lower than a full service stockbroker.
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Australian full service brokers - http://www.asx.com.au/asx/research/findABroker.do
Australian OnLine brokers - http://www.asx.com.au/asx/research/findABroker.do
FRANKFURT STOCK EXCHANGE (FSE)
Citigold Corporation shares are now trading on the FSE, part of Deutsche-Borse Group.
You will need to establish an account with a stock broker who is able to trade the FSE. You will then need to deposit money with the stock broker, who will then purchase the shares (or ‘stock’) for you in accordance with your instructions.
The FSE is the largest stock exchange in the Euro zone which allows Europeans to purchase shares of Citigold in Euros, and within their own time zones. Citigold has a Market Maker who makes available shares in CTO from the ASX and moves them onto the FSE and maintains a market on the FSE for investors to trade their shares.
The market maker is:
Tradegate AG Wertpapierhandelsbank
Contact: Mr. Jörg Hartmann
Phone: +49 (30) 8902 1143 Email: jhartmann@tradegate.de
Citigold’s FSE ticker symbol is CHP, and
German Security ID number assigned to the company is WKN: 892606
AMERICAN DEPOSITORY RECEIPTS (ADR's)
Citigold has a Level One ADR program in the USA.
The Bank of New York Mellon is the Depository bank for the ARD's.
The ADRs are not listed nor traded on any American stock exchange and therefore trade in the 'over the counter' (OTC) market between stockbrokers who trade Australian gold shares. Prices stated are in US$. ADR's are not listed on any SEC regulated stock exchange. The ADR's are a ratio of 1 (one) ADR = 20 (twenty) CTO shares listed on the ASX. Therefore the price/value should equal about 20 times an Australian share, adjusting for exchange rates.
Investors who hold ADR's do not appear on the Australian Citigold register in their own name but rather through one of the Custodians, or their Nominees, authorized by the Depository bank – The Bank of New York Mellon. Custodians for BNYM are –
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Hong Kong Bank of Australia Ltd |
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Australian & New Zealand Banking Group Ltd |
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National Australia Bank Ltd |
ADRs are often traded around the world in the OTC market.
Brokers who have traded Citigold Corporation ADRs are –
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Merrill Lynch Securities |
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National Financial Services Co |
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Natexis Bleichroeder |
(Updated June 2011)
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