How to sell shares?

wmb194

majik48 said:

It is beginning to look as though we will need to find a broker to deal with the sale of all these shares (some of which no longer exist, apparently - they may have been subject to a 'scheme of arrangement' (?) which happened over twenty years ago. Does it matter if we find someone local, or is there a better way of finding someone who will be efficient and not too expensive? Thanks all for any assistance and sorry I'm not very good on any of this. It's all a bit new and daunting.

Well, as mentioned above, for the British certificates x-o is a good, cost effective choice. Otherwise, if you'd prefer more of a household name, you could look at AJ Bell, Hargreaves Lansdown or Barclays. You almost always need a stockbroker.

A scheme of arrangement will usually relate to a takeover and all shares will be compulsorily purchased and a cheque or an electronic transfer then follows. The problem is that people then don't destroy their certificates and forget all about it...

You can research some of these companies yourself e.g., use Investegate to search company RNSs, Regulatory News Service official announcements. It has quite a good archive going back to the late nineties.  https://www.investegate.co.uk/Index.aspx

If you give the names of the companies I/we might be able to help you a bit.

GeoffTF

wmb194 said:

majik48 said:

It is beginning to look as though we will need to find a broker to deal with the sale of all these shares (some of which no longer exist, apparently - they may have been subject to a 'scheme of arrangement' (?) which happened over twenty years ago. Does it matter if we find someone local, or is there a better way of finding someone who will be efficient and not too expensive? Thanks all for any assistance and sorry I'm not very good on any of this. It's all a bit new and daunting.

You almost always need a stockbroker.

You can usually sell shares through the registrar, but that is very expensive. A stock broker will be cheaper. It is decades since you would walk into a high street office with certificates and sell shares.