Want to sell shares with certificate

sarah_id1

My company issued me as an employee 100 shares of which tax department snatched 45 shares so I am left with 55 with current value about £350. I am looking to sell these and approached my bank barclays and https://www.shareview.co.uk but they gave me ridiculoud charging fees more than £40. Is there a broker or company with nominal fee to sell these certificate.

Ifts

Depending on the name of the company that you hold shares in, it may be best for you to sell them through the companies share registrar.

This one http://www.share.com/a/selling-share-certificates.html used to be £7.50 min but its gone up to £25 min charge.

Bit of hassle of having to open an account with them but X-O.co.uk charge £5.95 flat rate per trade, I think you will have to open a nominee based account with them (it's free) first and then: How do I transfer in stock that I hold in the form of certificates?

I have not had to sell stock that I hold in the form of certificates for some time so there may be other better/easier options available to you.

sabretoothtigger

Dont sell as a certificate, transfer it into an online account then sell as this is cheaper

sarah_id1

sabretoothtigger wrote: »

Dont sell as a certificate, transfer it into an online account then sell as this is cheaper

Do you open an account with X-O.co.uk(as Itfs suggested) and transfer to that?

Ifts wrote: »

Depending on the name of the company that you hold shares in, it may be best for you to sell them through the companies share registrar.

Bit of hassle of having to open an account with them but X-O.co.uk charge £5.95 flat rate per trade, I think you will have to open a nominee based account with them (it's free) first and then: How do I transfer in stock that I hold in the form of certificates?

I have not had to sell stock that I hold in the form of certificates for some time so there may be other better/easier options available to you.

Thanks for your advice. I spoke to my company and all they said was you can sell that certificate to any bank.

skivenov

I used x-o.co.uk to sell my Tesco shares a few years back, really straightforward, sent them the certificate and their form, a little later the shares appeared in my online portfolio, then I just picked the moment and clicked sell.

sabretoothtigger

They dont charge to transfer from certificate to xo or other brokers even. So that is correct Sarah. Selling directly from the certificate is the expensive bit, doesnt exactly make sense and also transferring to a cert costs too

sarah_id1

sabretoothtigger wrote: »

They dont charge to transfer from certificate to xo or other brokers even. So that is correct Sarah. Selling directly from the certificate is the expensive bit, doesnt exactly make sense and also transferring to a cert costs too

Thanks a lot for advise but one of the issue with X-O is once I open an account with them they charge £60 to close that.

sabretoothtigger

Thats weird, I just think they dont want you to close it. Leave it open and it wont even matter or cost anything.

Companies often build up a book of customers which becomes like security or asset to a business.
They are just wanting to keep your details I guess. They cant force a charge on you later, FSA has regularly ensured brokers allow any customer to leave the service free when charges change in a major way

I get no spam from xo. Halifax is also fine I think no activity charge

sarah_id1

I am still looking to sell the shares which are as certificate. The cheapest was X-O BUT I dont want to continure holding the account so closing would cost me £60 as mentioned in thier site. Whats the cheapest way to sell it without going through the hassle of opening an account.

grey_gym_sock

do X-O charge £60 to close an ordinary nominee account, or only to close an ISA?

a similar option is SVS - http://www.svssecurities.com/ - £5.75 per trade.

Ifts

I don't think X-O charge the fee for closing nominee account, unless they have changed their T&C's, can you not transfer in the shares sell them and leave a nominal amount in the X-O account to keep it open (they currently have no annual charge).
I'm pretty sure the £60 fee only applies to the ISA.

Or go with SVS as suggested by previous poster.