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Selling old Barclays shares
SG27
Posts: 2,773 Forumite
My girlfriends nan has some old Barclays shares which she got given when her building society (Barclays?) became a bank. She has about £1000 worth. How would she go about selling them? I think she would have the old certificates somewhere but I'm not sure if they have been lost or thrown away! Would she still be able to sell them without the certificates?
Thanks for any help
Thanks for any help
0
Comments
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Have a really good look for the certificates before you do anything else. If you need to get a replacement certificate from the registrar there'll be a fee to pay of roughly £60, so make sure that the certificates are really lost before you do that!
It's also possible that she didn't get a certificate in the first place, but had shares credited to a nominee account in her name. You really do need to look for, and read carefully, any paperwork you can find. If she has been given shares in a nominee account then she should have had an account statement, and the nominee (the holder of the shares) should be paying her dividends to her.
Barclays are currently paying a quarterly dividend of 1 penny per share. Is granny receiving it? If she has shares held in certificated form then she should have tax vouchers which show her account number with Equiniti, the registrars for Barclays.
The building society which was taken over by Barclays was the Woolwich.
Hope this helps.0 -
A few years back Barclays did a share split and issued new shares, I think they split from £1 shares to 25p shares.
She would of received 4 times of many new 25p shares, so if you do find the Certs. Make sure they are the new ones as the old ones are worthless and you'll have to get them re-issues.
But if she phones up the Registars they can tell her if she owns any, how many and how to go about getting replacements (plus the cost).
You may also consider if this is the best time to sell them since Barclays shares have dropped from over £7 a few years back to under £2 now....0 -
A few years back Barclays did a share split and issued new shares, I think they split from £1 shares to 25p shares.
She would of received 4 times of many new 25p shares, so if you do find the Certs. Make sure they are the new ones as the old ones are worthless and you'll have to get them re-issues.
But if she phones up the Registars they can tell her if she owns any, how many and how to go about getting replacements (plus the cost).
You may also consider if this is the best time to sell them since Barclays shares have dropped from over £7 a few years back to under £2 now....
The plan is to sell now before they fall any further the banks have not been doing very well lately and at the current value the money would come in very handy at the moment.
Thanks for your help.0
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