The DRiP Investing Resource Center

Your Location For Dividend Reinvesting Information

How To Coordinate Group Buys

Darcy Wall

  1. Ensure you have enough funds to cover the transaction
  2. Open a discount brokerage account
    • Choose a brokerage company
    • Open an account
    • Verify/Activate account
  3. Transferred money to broker account (by sending them a cheque for the funds or internet bill payment)
  4. Post group buy notification to the Share Exchange board. Include the following: (see SAMPLE GROUP BUY NOTIFICATION)
  5. Collect enough participants (10 is a good number so yourself and 9 others)
  6. Once you have all your members, post a response to your notification stating it is closed and list all members via their board names
  7. Email group buy members with a statement of what you are going to do. (see SAMPLE EMAIL TO GROUP BUY MEMBERS)
  8. Execute the trade (procedure varies depending on your brokerage company)
  9. Notify group members of transaction costs
  10. Order share certificate
  11. Get a single certificate with all the shares
  12. Collect money
  13. Collect Full Name you want the share Registered in (If in trust then Full Name ITF Child's Name)
  14. Collect Full mailing address
  15. Once all payments have been cleared - Based on one certificate with multiple shares - Once the share certificate is received fill out the necessary paper work and submit it directly to the transfer agent for company you purchased (with the documentation submit instructions to send the share certificate in purchasee's name with SPP/DRIP documentation directly to the purchasee - although the transfer agent might just point you to their website to download the forms)
  16. Ask all participants to email you once they receive their individual certificates (there is not much you can do for them now, but it is nice to know that everyone is happy)

Receiving shares in different manners


Certificate registered in your name: If the share certificate is in your name then move on to enrolling in the DRASP. 

Certificate registered in another persons name: If the share certificate is in another users name but has your name on the back for transfer; with the number of shares to transfer and it has the original owners signature and the banks signature guarantee then complete the missing information (mailing address; SIN) - now send it via registered mail to the transfer agent. Once you receive a new certificate registered in your name move on to enrolling in the DRASP. 

Power Of Attorney: This is esentually the same as having the original certificate with the back being filled out. It is transferring a share out the of the owners account into your name. Ensure your name; address; number of shares; type of share; company name and account number are filled out and it has the original owners signature and the banks signature guarantee then complete any missing information (SIN) - now send it via registered mail to the transfer agent. Once you receive a new certificate registered in your name move on to enrolling in the DRASP. 


Enrolling in DRASP


  1. Receive certificate in your name
  2. Fill out enrollment form
    • Enter account number and name and address
    • Enter your Social Insurance Number
    • Choose your language
    • Select that you wish to enroll in the DRiP
    • Select that you wish to enroll in the SPP and enter amount of your first deposit
  3. Fill out participant declaration form
    • Enter plan sponsor as the Company Name
    • Enter account number is your certificate number
    • Enter your mailing address
    • Enter home phone number
    • Enter account holder name
    • Enter your Date of Birth
    • Enter your occupation
    • Choose if there is a third party involvement or not
    • Enter the amount of your OCP payment, sign and date
  4. Send in OCP payment with forms
    • OCP payment has to be from a personal cheque
    • Make cheque payable to the Transfer Agent
    • Memo - should contain the company name (or stock ticker symbol) and account (certificate) number
  5. If you don't already have an account the the Transfer Agent, proceed opening one up so you can check the status of your investment.
  6. Once you have made your first OCP and it is shown in your account, PAY IT FORWARD by trading or selling your certificate. OR use the Power Of Attorney form to transfer a share out of your account to someone else.

If you ever have any problems or questions call the Transfer Agent that is involved with the company. They are very helpful!



This website is maintained by George L Smyth