Selling shares the cheap way

King_Suckerman

My mum has asked me to help sell some TSB shares she has had for many years. She has given me the original certficates but I know TSB merged with Lloyds and then split again. Did they issue new certificates?
What's the most efficient way to sell the shares for her? Transfer to a nominee account, then sell? Any pointers appreciated.
Thanks

gt94sss2

King_Suckerman wrote: »

My mum has asked me to help sell some TSB shares she has had for many years. She has given me the original certficates but I know TSB merged with Lloyds and then split again. Did they issue new certificates?

If your mother still owns the shares, they will now be in Lloyds not TSB. I don't know if they issued new certificates though - you may want to ask the Share Registrar.

What's the most efficient way to sell the shares for her? Transfer to a nominee account, then sell?

Yes, this would be the cheapest way - you can use http://www.x-o.co.uk/ for this. They charge £5.95 to sell the shares.

Regards
Sunil

King_Suckerman

Thanks
How do I check the registrar?

p00hsticks

http://www.lloydsbankinggroup.com/investors/shareholder-info/registrar-services/

le_loup

gt94sss2 wrote: »

you can use http://www.x-o.co.uk/ for this. They charge £5.95 to sell the shares.

For certificated shares .............?

sabretoothtigger

King_Suckerman wrote: »

Transfer to a nominee account, then sell? Any pointers appreciated.
Thanks

For certs yes

Ifts

As has already been suggested you could use someone like X-O.co.uk share dealing services (£5.95 per trade) for a cheap method of selling the shares.

Open a Share Dealing account with X-O.co.uk (free to open and no annual account charges) then transfer the shares in to your account and sell them for £5.95 per share holding.

And if you have a certificate for the shares:

How do I transfer in stock that I hold in the form of certificates?

http://www.x-o.co.uk/how_to_use.htm#5

*Recommend using Recorded/Special Delivery when sending the share certificates by post.

King_Suckerman

Many thanks to all for the responses