Royal Mail Shares

swardean

For those of you waiting for share certificates I would register for a shareview account and also send them a cancelled cheque now, this means you can hopefully start to trade immediately once you have your share certificate, it would also mean you can arrange for a BACs transfer of your money immediately and save, 3-4 days wait for the cheque to arrive and 5 working days for the cheque to clear.

This may in fact be faster for you than other who have already dealt

Quentin

gevans35 wrote: »

And the poster who was told they are being posted today, the 17th.

You don't know that yet!!

Give them a couple of days at least to come through the post!

As previously posted, they have said you will have them sent out by 21/10

gevans35

swardean wrote: »

For those of you waiting for share certificates I would register for a shareview account and also send them a cancelled cheque now, this means you can hopefully start to trade immediately once you have your share certificate, it would also mean you can arrange for a BACs transfer of your money immediately and save, 3-4 days wait for the cheque to arrive and 5 working days for the cheque to clear.

This may in fact be faster for you than other who have already dealt

Yes, that is an option for most people.

Unfortunately, it is not an option for me as I shall be out of the country for two months from early next week so would be unable to return the certificate and Crest form in the required time.

Crater

Thanks to clarifying advice (and phone numbers) from people here I made my call on 0121 415 7047 (it didn't take all that long) and this is what they said:

* People who want to swap their certificates to Nominee Shares at Equiniti have to request a transfer form which will be sent by post.

* The Certificates were sent out today.

* You can't deal till you have your certificate, even if you have your reference number, which you can request by phone, but they will send that out by post too, so not much point now anyway, as it will be on the Certificates.

* [Q: Some people seem to have done deals with certificates even though the certificates had not been sent out?] Some brokers might be doing that, but if anything goes wrong (uncertainty of outcome, but if anything goes wrong, it will have gone wrong). Equinity don't do that.

* [Q: How did people with certificates get reference numbers?] They must have asked for them. (Implied: This is unusual. But you can do it.)

* Once you are in a Nominee account at equiniti, you can deal by phone or on line, but only through Equiniti.

* The £7.50 dealing automated phone line price is now discontinued, unless you already have your deal set up. [Ie it won't be pulled for people whose deals are in process.]

* The £17.50 online dealing charge is now closed. It's now £15.00 plus 1% [I have a feeling that's £17.50 for most of us.]

* I think the dealing charge is now 1.5% plus £45, but I am not sure of that as I'm not at present planning to use it so I didn't make a clear note.

Hope that might be useful to someone.

Vortigern

swardean wrote: »

For those of you waiting for share certificates I would register for a shareview account and also send them a cancelled cheque now...

Why is everybody in such a rush to send certificates back to equiniti/shareview? There are many online brokers to whom you could send your certificates. Some of them are cheaper than equini, most will be dealing with smaller numbers of newbies.

No matter which broker you choose, it would be sensible to open an account there before you get your certificate (and read the T&Cs and charges information before you open the account)

ChopperST

From the original email...

Share dealing for Royal Mail Nominee Share Service participants

Share dealing activity in companies immediately after flotation is typically very high. In order to manage the anticipated high volumes and provide a route for Royal Mail Nominee Share Service participants who simply wish to sell all their shares during this time, Equiniti is providing an easy-to-use service exclusively for Royal Mail Nominee Share Service participants:
a simple automated system using your telephone - no need to register or open an account

Charges: 0.75% of the transaction value, minimum £7.50
- available 24 hours a day - place your sale instruction at any time
- instructions will be added together with those of other customers and sold at intervals:
- received on a business day by 9.00 a.m. - sale by 11.00 a.m
- received on a business day by 1.00 p.m. - sale by 3.00 p.m
- received after 1.00 p.m., sale by 11.00 a.m. on the next business day
- a cheque will be sent to you two business days after the sale together with details of the transaction

Remember the value of the shares can go down as well as up and in deciding to sell your shares you may get back less than you have invested.
To use the service call 0845 268 8405 (from overseas +44 1133 697 777)

the service will be available for instructions received up until 1.00 p.m. on Friday 8 November 2013

A postal dealing service is also available during this period. If you requested a hard copy pack to be sent to you, you will receive a dealing form in the post in order that you can use this service if you would prefer. Alternatively, you can download a postal dealing form at www.shareview.co.uk/dealing
to sell your shares, you should only use one of these services
the full Terms and Conditions of the service can be found at www.shareview.co.uk/dealing or you can request a hard copy by calling Equiniti on 0871 384 2656* (inside the United Kingdom) or +44 (0)121 415 7086 (outside the United Kingdom) 8.30 a.m. to 5.30 p.m. Monday to Friday.

The discounted phone line is avalaible till 8 November.

Vortigern

gevans35 wrote: »

Unfortunately, it is not an option for me as I shall be out of the country for two months from early next week so would be unable to return the certificate and Crest form in the required time.

If you get the cert before you travel, you could take it to a proper stockbroker if there's one local to you (look in yellow pages). This will not be cheap! For example Redmayne Bentley

I have no connection with the above company, I've never used them; this is just an example not a recommendation or advice.

Quentin

Shamsan wrote: »

Thanks to clarifying advice (and phone numbers) from people here I made my call on 0121 415 7047 (it didn't take all that long) and this is what they said:...........

* The £7.50 dealing automated phone line price is now discontinued, unless you already have your deal set up. [Ie it won't be pulled for people whose deals are in process.].....

There never was a "£7.50" deal. It is still operating as always (0.75%, min charge £7.50), and ends on November 8th!

gevans35

Vortigern wrote: »

If you get the cert before you travel, you could take it to a proper stockbroker if there's one local to you (look in yellow pages). This will not be cheap! For example

I have no connection with the above company, I've never used them; this is just an example not a recommendation or advice.

Thanks, that's another option.

I've now got an account set up with X-O, so as long as I get the certs and the X-O Trading PIN (being sent in the post) before I travel, I should be okay.

pearl123

swardean wrote: »

For those of you waiting for share certificates I would register for a shareview account and also send them a cancelled cheque now, this means you can hopefully start to trade immediately once you have your share certificate, it would also mean you can arrange for a BACs transfer of your money immediately and save, 3-4 days wait for the cheque to arrive and 5 working days for the cheque to clear.

This may in fact be faster for you than other who have already dealt

What is this about sending a cancelled cheque? Can you explain.