Buying or selling shares

As an individual, you must submit your orders to a financial intermediary. Multiple solutions are available to you.

Buying or selling Wendel shares

To buy or sell shares, you must place a buy or sell order:

  • with the financial intermediary managing your securities account if your shares are in registered form or in bearer form;
  • with SGSS if you hold your shares in direct registered form.

Preparing your order

The buy or sell order must contain the following information:

  • the direction of the transaction: buy or sell;
  • the name and ISIN1 code (FR0000121204);
  • number of shares;
  • type of order (see below);
  • validity limit2.
(1) ISIN (International Securities Identification Number) is a standard that identifies securities internationally.
(2) For direct registered shares, stock market orders without a validity date will automatically be valid until the end of the following month.

Possible validity limits

Day
Your order may only be executed during the current trading session.

Good through
Your order will remain on the market until the indicated day (maximum of one year).

Open revocation
Your order remains valid for 365 days or until the liquidation date authorized by the financial intermediary in connection with the deferred settlement service.

Please note: the validity periods authorized by your financial intermediary are specified in the account agreement.

Choosing your stock exchange order

The most frequently used stock exchange orders are the following:

Limit order
You set a maximum buy price or a minimum sell price (limit). The order is executed only when the price is less than or equal to this limit for a purchase or greater than or equal to it for a sale. The execution of the order may be partial if the quantity of shares that may be traded on the market is not available at the fixed limit price.
Advantage: control over the price of the transaction.
Disadvantage: risk of non-execution of the order.

Market-to-limit order
You have not indicated any specific price. The buy or sell order will be executed at the best price available at the time of its arrival on the market. The execution of the order may be partial if the quantity of shares that may be traded on the market is not available at this best price.
Advantage: speed of order execution.
Disadvantage: little control over the execution price of the order.

Market order
This order has no price limit and takes priority over all other types of orders recorded at the time of its arrival on the market. It is executed in full for the maximum of the quantities available at the time of its recording.

Stop order
As the opposite of a limit order, it becomes valid only if the stock price crosses the level defined in the order. It helps protect against possible trend reversals.

How much is the trading fee?

Direct registered shareholders are eligible for reduced brokerage rate by placing orders online from their personal space on SHARINBOX.

Registered shares for orders sent on SHARINBOX

  • The rate is 0.30% for a gross amount between 0 and 250,000 euros.
  • The rate is 0.20% for a gross amount greater than 250,000 euros.
  • The minimum subscription is 9 euros.

Registered shares for all other cases (orders submitted by telephone, mail, or email)

  • The rate is 0.35% for a gross amount between 0 and 250,000 euros.
  • The rate is 0.25% for a gross amount greater than 250,000 euros.
  • The minimum subscription is 9 euros.
Note
  • For direct registered traders, only “marketto-limit” and “limit” orders are accepted.

– A “market-to-limit” order is executed at the best price offered at the time of its arrival on the market. In case of partial execution, the “market-to-limit” order fraction becomes a “limit” order at the price of the first execution.
– The “limit” order will be executed at the limit price set by the originator or, where applicable, at the first higher quoted price.

  • If no order type is indicated, “market-to-limit” orders will be placed on the market.
  • For “limit” orders that are valid but not yet executed during a dividend payment: on the day of payment, the limit price will be automatically reduced by the amount of the dividend in order to reproduce the equivalent decrease in the stock market price.
  • An order automatically expires upon the allocation of any particular advantage on the security in question (detachment
    of a subscription or allocation right, for example). Where applicable, it is your responsibility to renew it.