How to convert Irish Paper Share Certificate Post Brexit?

Thrugelmir

hanfield said:

I dont trade very often. I fact, I've held these shares since 2001. I wasn't aware of any deadline and yet I consider myself fairly well read. Another Brexit setback for the consumer.

I doubt many people hold shares in certificated form for overseas companies these days. 

hanfield

Helpful, as usual, thanks.

StevenGude

hanfield said:

Helpful, as usual, thanks.

I'm in the same situation

Currently it looks like Link Assets might be the best option. Also Davy are a potential option but I'm waiting for them to let me know if I have to fund an account before I send the certificate as their website isnt clear.

hanfield

I eventually deposited my shares in a share account with First Direct bank.

robinsonpr

hanfield said:

I eventually deposited my shares in a share account with First Direct bank.

I'm in the same position.  Have been struggling for weeks, contacting UK brokers and also just started trying Irish brokers like Davy.  Had a no from Hargreaves Lansdown, IG, Interactive Investor among others.

So you managed to get First Direct to accept the Irish paper stock and turn it into electronic format?  I'm a First Direct account holder so hoping this could be the answer for me.

hanfield

Yes I did. I already had a 'dormant' share account with FD and they opened it up again on request. The quarterly charges are fairly stiff but that is the price I had to pay.

robinsonpr

hanfield said:

Yes I did. I already had a 'dormant' share account with FD and they opened it up again on request. The quarterly charges are fairly stiff but that is the price I had to pay.

Thanks for getting back to me.  First Direct could help unfortunately.  The shares I have are Flutter Entertainment PLC and they said they can't dematerialise those.  Back to the drawing board.

hanfield

Having checked my account today I notice that my share account balance has reverted to zero. I wonder if they also cannot dematerialise my Glanbia shares?

robinsonpr

That's what happened with my Hargreaves Lansdown account.  The share balance appeared a few days after I sent them in with a note saying they hadn't settled yet.  And then the balance reverted to zero and today I received the share certs back in the post saying they could only accept shares that can settle through Crest.

deepto99

robinsonpr said:

hanfield said:

Yes I did. I already had a 'dormant' share account with FD and they opened it up again on request. The quarterly charges are fairly stiff but that is the price I had to pay.

Thanks for getting back to me.  First Direct could help unfortunately.  The shares I have are Flutter Entertainment PLC and they said they can't dematerialise those.  Back to the drawing board.

@robinsonpr
Did you manage to find a solution? In the same boat here with Flutter Shares certificate that I would like to transfer to my ISA account.
Cheers.