Shell Settlement documentation required

hpsims77

Hi All,

I would be grateful if you could provided me with some advise and assistance in this matter.
I have an elderly relative who has asked me to deal with this settlement on their behalf.

I have been through my relatives paperwork and spoken with them. He has dealt with and traded with various brokers over the years who have either merged or ceased trading and for this reason is unable to get details of who the brokers were that he dealt with when he purchased shares in Shell Transport Company Plc. He does not have any other paperwork relating to the purchase of the shares as he only kept hold of the share certificates which have since been converted in Royal Dutch Shell shares during the merger.

It seems wrong that the documentation that the tax office require to confirm ownership of the shares (share certificate) is not proof of purchase.

Is there any way to determine who the brokers may have been, as shell settlement documentation states only with valid documentation will the claim be successful and this documentation must be confirmation from the broker (that
I do not know, nor my relative) or documentation confirming the purchase price (which is not available).

It seems due to the length of time this is relating to Shell know that people may not have this information and therefore not have to pay out such a big settlement. Most owners will not be able to confirm the purchase and so will not be successful in their claims.

hpsims

barak

If you are referring to what I think you are, the reason 'they' [not 'the Tax Office' surely?] need this information is that claims are only valid from those who actually purchased shares in Shell Transport & Trading during the relevant period, which I believe to be from 8th April 1999 to 18th March 2004. If your relative held shares before 8th April 1999 or acquired them after 18th March 2004, then he [like me] would not have a claim.

I would have hoped that Royal Dutch Shell's registrars Equiniti could have provided the evidence, but it might be a bit like trying to get blood out of a stone.

http://www.shell.com/home/content/media/news_and_library/press_releases/2008/us_reserves_settlement_06032008.html

cheerfulcat

hpsims77 wrote: »

I have been through my relatives paperwork and spoken with them. He has dealt with and traded with various brokers over the years who have either merged or ceased trading and for this reason is unable to get details of who the brokers were that he dealt with when he purchased shares in Shell Transport Company Plc. He does not have any other paperwork relating to the purchase of the shares as he only kept hold of the share certificates which have since been converted in Royal Dutch Shell shares during the merger.

Your relative should have kept the paperwork involved in the share dealing; specifically the contract notes should have been held for tax purposes - how else is he going to prove the purchase price when selling?