Share Certificates

hansi

I hold some Carnival shares purely to take advantage of the perks offered on their cruises. They are held for me in a nominee acount by HL and therefore I do not have the share certificate which is usually required by Carnival as proof of my shareholding at the time of booking. What is the procedure if I want to hold the share certificate myself, and is there any advantage in HL holding them on my behalf. For instance, at present, HL pay dividends into my nominated bank account. Could this be set up with Carnival if I hold the certificate myself. Sorry for all the questions, but I'm not really "with it" on shares.

Totton

Nominee accounts have many benefits but one of the downsides is the limited access to benefits enjoyed by a share-holder outside of a nominee a/c. Justin Mowdray explains this at http://www.candidmoney.com/questions/question178.aspx and suggests a Crest Personal Member account as an option. My wife still holds some share certificates but mostly we use the nominee a/c at HL. Moe on the Crest option here http://www.redmayne.co.uk/docStore/forms/10.07%203759_CREST%20Personal%20Membership%20Account%20MiFID.pdf

Ark_Welder

Crest membership usually requires an annual fee - sometimes charged quarterly. So although certificated dealing is usually more expensive it may be more cost effective if only one company is being held, and being held for a good many years.

The OP will have to contact HL and request the shares to be transferred into their own name. The fee for this will be £25 + VAT. See section B2-Withdrawals: http://www.hl.co.uk/__data/assets/pdf_file/0015/37122/Online-Ts-and-Cs.pdf

Note that HL will transfer to your name 'at their discretion'. If they don't want to do so - for any reason - the (more expensive) alternative would be to sell the shares held by HL and to buy elsewhere. Carnival's registrars are Equiniti. The shares could be bought through Equinity for £30. Stocktrade fees are 1% with a £25 minimum and no maximum. There will be others, but none are going to be as cheap as an online nominated account.

With the first dividend cheque you are likely to recieve a dividend mandate form that can be filled in so that all future dividends are paid directly into your bank account. It might be possible to do this before then by contacting Equiniti and asking for the relevant form.

barak

hansi wrote: »

I hold some Carnival shares purely to take advantage of the perks offered on their cruises. They are held for me in a nominee acount by HL and therefore I do not have the share certificate which is usually required by Carnival as proof of my shareholding at the time of booking.....

I don't use HL, but a quick search reveals:

"Carnival Plc Travel & Leisure - Equiniti, Lancing
0871 384 2030 Open to all holders of 100 or more shares.
The benefit is an onboard credit, the amount of which will depend on the duration of the cruise. To claim the credit shareholders must provide their name, reservation number, ship and sailing date, along with proof of ownership of Carnival Corporation or Carnival plc shares (Hargreaves Lansdown can supply a letter confirming ownership) and the initial deposit to the travel agent or to the cruise line selected."

http://www.hl.co.uk/shares/shareholder-perks/shareholder-perks