SSE Share certificates

carnog

I have spent 3 days stressing about how and where my SSE shares could have gone to. I file all my share certificates, tax vouchers etc most carefully on arrival and was most worried to find no SSE shares, only the Scottish Hydro-Electric ones to the same quantity (7 certificates in all). I assume these are still valid but this situation is very confusing and unfair. Anyone else in the same boat? 

Thrugelmir

If you are registered shareholder then the loss of a paper certificate shouldn't be a great immediate concern. Who are the registrars? 

Almost all trading is electronic now. You'd be better off reregistering the holding using a fee free broker such as X-O. Make life much easier for your executors or for you if you decided to cash in. 

quirkydeptless

I've had a small number of SSE shares since the 90s privitisation. Never really thought about the certificate as the dividend kept appearing in my bank account. A couple of years ago, I decided to track down where all my financial bits and pieces where, and found mine here

https://www.sse-shares.com/home

I still have the paper certificate, but it seems like a relic of times gone by as it's the electronic holding that would be used to trade them. I could do it on that site, but I'm just leaving them alone to pay out dividends.

Notepad_Phil

quirkydeptless said:

I still have the paper certificate, but it seems like a relic of times gone by as it's the electronic holding that would be used to trade them. I could do it on that site, but I'm just leaving them alone to pay out dividends. 

You may need to be careful as I know that some of these sites will show you online how many shares you have, but if you ever sell them then you still need to send them the paper certificates to finalise the deal.

We have some SSE shares and I know that is what we will need to do. My intention at some point is to transfer them across to someone like x-o, which will mean filling in the Crest transfer forms and sending off the paper certificates to them. It will then make it much easier and cheaper to deal with.