Help with some old Marks and Spencers M&S share certificates

jjscruffs

Trying to help my OAP parents sort their affairs and they have some old share certificates

I'm using X-O broker to transfer them into a brokerage account so they can be sold

But i'm strugglign with M&S shares

I have certificates from 1991 for 25p shares
But the current shares are 1p shares

I also have a 2002 certificate for B shares which i can't find anything about at all

Any ideas about these?
Thanks

wmb194

jjscruffs said:

Trying to help my OAP parents sort their affairs and they have some old share certificates

I'm using X-O broker to transfer them into a brokerage account so they can be sold

But i'm strugglign with M&S shares

I have certificates from 1991 for 25p shares
But the current shares are 1p shares

I also have a 2002 certificate for B shares which i can't find anything about at all

Any ideas about these?
Thanks

Sounds like you (your parents) need to speak to the registrar as it appears there should be a new 2002 ordinary share certificate following a split. You're certain they didn't sell them? The B certificate is defunct, see below.

"In 2002 Marks & Spencer underwent a capital reorganisation. This was part of a project to return £2bn to shareholders.  Shareholders were given a new ‘B share’, valued at 70p, for every ordinary share they owned at the time of the re-organisation.  To make this possible the ordinary shares were consolidated at a ratio of 17 for 21, meaning that for every 21 ordinary shares held you received 17 new ordinary shares in Marks and Spencer Group plc.

...

All outstanding B shares (74,184,314) were redeemed at par value (70 pence per share) on 5 May 2006. On Redemption the B shares were cancelled and the Company requested that the Financial Services Authority removes the B Share listing from the stock exchange."

https://corporate.marksandspencer.com/investors/shareholder-centre/corporate-actions

jjscruffs

that's very helpful thanks, they didn't sell them
Didn't seem to sell anything, which didn't work out to well in some cases (bradford and bingley)