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When a company is removed from a stock exchange, you will need to manually update your Sharesight portfolio to reflect what happened to your shares. How you record this depends on the reason for the delisting.

Sharesight does not handle delistings automatically.

Why was the company delisted?

Privatisation

Privatisation occurs when a company is bought out and removed from the public exchange. Shareholders receive a cash payment per share (the offer price) in exchange for their holding.

1. Open your portfolio and navigate to the delisted holding.
2. Go to Trades & income > Add trade or adjustment.
3. Trade type: Sell
4. Trade date: The implementation date.
5. Unit/price: Enter the offer price per share as stated in the scheme documentation.
6. Quantity: Enter the full quantity of shares you held.
7. Click Add.

The holding will now show as closed. Your capital gain or loss is calculated from the difference between your cost base and the sale proceeds.

Example: IFM Investors' privatisation of Sydney Airport (SYD). Shareholders received $8.75 per share. Record a Sell trade at $8.75 on the implementation date.

Administration / Liquidation

If a company enters administration or is liquidated, shareholders typically receive little or nothing. You should close the holding in Sharesight to reflect that the shares are worthless.

If you received no payment:

1. Open your portfolio and navigate to the delisted holding.
2. Go to Trades & income > Add trade or adjustment.
3. Trade type: Sell.
4. Trade date: Enter the date the company was delisted or placed into administration.
5. Unit/price: Set the price per share to $0.
6. Quantity: Enter the full quantity of shares you held.
7. Click Add.

This will record a capital loss equal to your full cost base, which may be claimable against capital gains in the same or future tax years. Confirm with your accountant.

If you received a partial payment: Follow the same steps, but enter the amount per share you actually received as the sell price instead of $0.

Note: You may want to keep the original purchase records for your own documentation even after closing the holding.

Merger or acquisition

If the company was delisted because it was acquired by another company, refer to How to record a merger or acquisition in Sharesight for the appropriate steps based on whether you received cash, shares, or both.

Frequently asked questions

What date should I use if I'm not sure when the delisting took effect? Check the company's ASX announcements page or the exchange's historical listings. The delisting date or scheme implementation date is usually stated in the final company announcement.

Can I leave the holding open instead of closing it? You can, but it will continue to appear in your portfolio and affect your performance figures. We recommend closing it with a $0 sell trade so your portfolio accurately reflects your current holdings.

The holding now shows a negative balance — what happened? This can occur if there were previously recorded dividend reinvestments or corporate action trades that created shares beyond what you held at delisting. Review the trade history and correct any discrepancies before adding the closing sell trade.

Disclaimer

The guide above is a suggestion on how to handle corporate actions in Sharesight and is not financial or tax advice. We advise you to consult your financial advisor or accountant. We also encourage you to review official company announcements for full details.