We will commence sell-down once the shares are allocated to your account and they are available for trading.
New SPP securities will be systematically sold, subject to a volume constraint algorithm to minimise price impact and provide best execution. Order quantity and volume distribution over the day is determined in accordance with Interactive Brokers’ algorithms which are continuously updated volume forecasts calculated from market data.
Sale proceeds will be deposited into your Cash Account in accordance with standard settlement and clearing times. When they are sold you will receive a notification in your daily trade report.