shares

jesmin45

My late dad died in 2004. My sister and I were made executors of the will and we thought we had finalised all his finances. Then this we I received a form from a tracing company called ProSearch addressed to me and my sisters, executor of .....

It is saying that records held by BG Group plc show that dividends have been sent to us but remain uncashed, and so BG have retained ProSearch to help find us to update BG records and claim outstanding dividends, obtain a duplicate share certificate and sell any shares recovered if wished.

It shows that we hold 169 shares and uncashed diviens due is £95.15.
Then it says closing date for this dedicated and discretionary service is 14 Jan 2011, well I only received it today 24th!

Am I best to phone this ProSearch or phone BG I have not got a clue what to do, any advice would be much appreciated.

Linton

Suggest you look at :
https://forums.moneysavingexpert.com/discussion/2618369

Equiniti is the registrar for BG shares:
http://www.shareview.co.uk/HelpCentre/Pages/contactusdetails.aspx

elektra

Agree with Linton.

Definitely go direct to Registrar.

Had a similar situation ( not prosearch) and just phoned the registrar and they re-issued cheques no charge (I might have had to send copy of probate, I can't remember)

jesmin45

Many thanks I did read the small print thank goodness and thought the fees were expensive and seemed rip off, I will ring BG direct but I did not have any clue that my dad had these shares so ive no reference number or certificate.

Linton

jesmin45 wrote: »

Many thanks I did read the small print thank goodness and thought the fees were expensive and seemed rip off, I will ring BG direct but I did not have any clue that my dad had these shares so ive no reference number or certificate.

I think you will get more help from the Registrar rather than BG themselves.

jesmin45

Thanks folks, I will contact the Registrar

jesmin45

Thanks for your help I rang the registra very very helpful and they are sending me out some paperwork, cheers folks!

jesmin45

I have now received a small estate declaration form from equitini and a letter stating that there are 169 shares, next to it it says security-ordinary shares of 10p each, what does that mean?
I googled gb shares and they are around £14 each, does that mean they are worth 169 x £14 at the moment, sorry to appear thick but i have never dealt in shares before.
The letter also says upon receipt of death cert they will be able to provide me with the balance of shares as at the date of death.


thnks

mac2008

Yes - BG shares are currently worth approx £14 each. The 10p bit is the 'nominal' value, and bears no relation to the actual 'market' value of the shares.

jesmin45

thanks mac :j

Robie

mac2008 wrote: »

Yes - BG shares are currently worth approx £14 each. The 10p bit is the 'nominal' value, and bears no relation to the actual 'market' value of the shares.

Being really dumb but what does 'nominal' value actually mean? I have always found it confusing.