Cost-effective sale of inherited physical shares

wmb194

Take a look at this recent thread. We don't know the outcome but it may be possible to approach an Irish stockbroker:

StevenGude wrote, "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."

https://forums.moneysavingexpert.com/discussion/6252929/how-to-convert-irish-paper-share-certificate-post-brexit/p1

lozzy1965

I thought if companies had a London listing then they could be bought and sold in the UK?  Puzzled as to why this isn't the case.

wmb194

lozzy1965 said:

I thought if companies had a London listing then they could be bought and sold in the UK?  Puzzled as to why this isn't the case.

They can but due to Brexit the way the shares in Irish companies listed in London are traded has changed. Following Irish companies' move from using Crest to Euroclear those traded in London are depository interests - if you look at e.g., Smurfit Kappa's* LSE quote it now has 'CDI' appended to its name and these are traded via Crest. The certificated shares the OP owns will be in the underlying shares and not of the CDI so I guess will need to be processed via Euroclear. Certificated shares are now rare in Europe so it makes sense that Jarvis and other UK brokers will be reluctant to deal with them. 

An Irish broker is probably the answer, and the OP says they have an Irish bank account so that will probably help, too. Perhaps that bank has a brokerage service.

*Some background from a Smurfit RNS.
https://www.investegate.co.uk/smurfit-kappa-group--skg-/rns/update-on-migration/202103111518100021S/