Santander Shares - sell on or off market?

viking75

Hi

I am new to this - both shares and this forum! so apologies for the mistakes I am likely to make!

I have Santander shares and I have received a letter about the Santander Scrip Dividend Scheme asking whether I elect to

a/Sell your rights on market and receive cash (no Spanish withholding tax)

or

b/ Sell your rights off market to Santander and receive a fixed amount of cash (21% withholding tax)

Can anybody offer any advice please - I really have no idea which is the best option!

Thanks,
Helen:o

scott_lithgows

viking75 wrote: »

Hi

I am new to this - both shares and this forum! so apologies for the mistakes I am likely to make!

I have Santander shares and I have received a letter about the Santander Scrip Dividend Scheme asking whether I elect to

a/Sell your rights on market and receive cash (no Spanish withholding tax)

or

b/ Sell your rights off market to Santander and receive a fixed amount of cash (21% withholding tax)

Can anybody offer any advice please - I really have no idea which is the best option!

Thanks,
Helen:o

option a for me.

viking75

Thank you Scott

Jegersmart

scott_lithgows wrote: »

option a for me.

Perhaps a pertinent question on behalf of the OP would be "why"?

J

teralin

Why not go for option c and take shares. You can sell them when they rise in value (which is inevitable given their price today).

mucgoo

Well what price is option b offering?
If that price * .79 is greater than the current market value of however many shares you have then you probably want to take it.

To make it slightly more complicated going about selling paper shares will cost about £50 and there are possible CGT effects.