What is a share transfer?
A share transfer (aktieöverlåtelse) means ownership of shares passes from one owner to another. It can happen through purchase, gift, inheritance or exchange. For unlisted shares, a transfer for payment is usually governed by a share transfer agreement setting out the price, number of shares and completion date.
Restrictions in the articles and agreements
Unlisted companies often have clauses governing transfers. A post-sale purchase right (hembud) lets existing owners redeem shares after a transfer, and a pre-emption clause gives them the right to buy before an outside party. Always check the articles of association before you buy or sell.
Registering the transfer
For the new owner to gain their rights, the transfer must be registered — either in the company's share register or, in a CSD company, with Euroclear. Only then can the new owner, for example, vote at the meeting and receive dividends.