St. George Directshares does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.
St. George Directshares charges a $100(AU) fee for each Basic FOP Transfer. This means each time you want to transfer a specific stock (no matter how many shares) you are charged $100(AU). A popular route has been through Interactive Brokers (IBKR), or CommSec. For this example we will use IBKR.
The quickest way is to open an Interactive Broker account, buy a share, and request a DRS transfer (link to guide here). While you wait for your Computershare account to be created, you can transfer your shares
from St. George Directshares to IBKR with a Basic FOP Transfer $100(AU) fee, then from IBKR to Computershare via DRS transfer for a $5(US) fee.
How to Transfer:
Once your shares and $100 are settled in St. George Directshares, you can send them a Letter of Instruction which IBKR can create for you. If using Commsec you can write one yourself.
Writing it yourself?
The Letter of Instruction can be handwritten or typed, but it must be signed with wet ink. You can write it informally, or use the following templates: GameStop specific template, blank template for any stock.
Be sure to include:
Say: “I want an outbound DRS transfer of my GME shares to Computershare”.
Your St. George account number, full name, home address and Tax ID.
The stock (GameStop), its ticker (GME), and its CUSIP (36467W109).
How many shares you want to transfer.
The Transfer Agent's name, DTC number, and address. In GameStop's case that's: Computershare US. DTC# 7807. Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.
A statement agreeing to the transfer fee. Eg: "I agree to the $100 fee associated with the transfer"
Optional: Your Computershare account number.
Optional: If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first).
Sign the letter with a pen and scan it in, or take a picture of it.
Making the Letter of Instruction with IBKR:
Login in your IBKR account, and click on “Transfer & Pay” from the top menu and select “Transfer Positions”.
On the next page select “Incoming”.
On the next page select “All Other Regions” from the drop down menu.
On the next page select “Basic FOP Transfer".
Select ST. GEORGE DIRECTSHARES on the drop down list.
For “Your Account Number at the Financial Institution“ put your St. George account number.
For “Name of Account Holder at Financial Institution“ put your full name as defined on your St. George account.
Select the Account type (most likely individual).
Select the country of the Financial Institution where you access St. George from.
For the contact email put “email@example.com".
You have to add the asset you want to transfer, click on “Add Asset".
On the next page search which stock you'd like to transfer (GME), click on “Search".
On the next page, click on the row “GAMESTOP CORP- CLASS A / NYSE".
On the next page, define how many shares you'd like to transfer and click on “Save and Finish".
On the next page you'll see a summary of the transfer. Write in your name as it shows on the page and click on “Continue”.
Interactive Brokers will then generate a Letter of Instruction for you. Click on “View Form”, then click on “Print”.
Print, sign, and scan the form back in.
Once the Letter of Instruction is signed and scanned in, send an email to: firstname.lastname@example.org.
For the subject write: FOP Transfer out request (St. George account number).
For the message write: “I would like an outbound DRS transfer as detailed in the attached Letter of Instruction".
Attach the Letter of Instruction.
Click on "Send".
The transfer will be processed within 1-2 weeks. You will receive an email confirming that the transfer was successfully performed.
After your shares reach IBKR:
Now you are able to request the DRS transfer from IBKR (or CommSec) to Computershare. To do this you can follow our guide on how to DRS transfer from IBKR, (link to IBKR guide here, and CommSec guide here).