Sending Share Certificate, yes or no?

woodyt

Hi there.
My Dad passed away 3 months ago and he had a few shares with Saga.
I have contacted Equiniti who deals with them and they’ve said that once I get probate, I can send it off to them as I wish to sell them .
My question is (trying to contact Equiniti is impossible!), do I have to send the paper share certificates along with the probate certificate or will the certificate number suffice ?
Many thanks

JGB1955

Based on my own experience, you will need to send in the physical share certificates.

wmb194

woodyt said:

Hi there.
My Dad passed away 3 months ago and he had a few shares with Saga.
I have contacted Equiniti who deals with them and they’ve said that once I get probate, I can send it off to them as I wish to sell them .
My question is (trying to contact Equiniti is impossible!), do I have to send the paper share certificates along with the probate certificate or will the certificate number suffice ?
Many thanks

You need to send the certificates. For better certainty you can send them by Special Delivery.

[Deleted User]

I sent the share certificate to them.

Then got them converted to digital.

Then moved to Iweb. cheaper when selling. 

Rollinghome

woodyt said:

Hi there.
My Dad passed away 3 months ago and he had a few shares with Saga.
I have contacted Equiniti who deals with them and they’ve said that once I get probate, I can send it off to them as I wish to sell them .
My question is (trying to contact Equiniti is impossible!), do I have to send the paper share certificates along with the probate certificate or will the certificate number suffice ?
Many thanks

Do you mean that Equiniti is just the registrar?  If you have the certificates then there are several low-cost stockbrokers who would convert (or "dematerialise") the certificates and sell them for you.  You shouldn't normally have to sell through the registrars whose selling fees are invariably extortionate. 

Whether it would be more problematic when probate is involved, I can't remember - long, long time since I last dealt with probates.  Edit: Hmm, seems it does require the registrars for probate.

So following Zoe02's suggestion you could open an account with Iweb (part of Lloyds Banking Group) for free at the moment to transfer in and sell for £5, or X-O.co.uk, owned by Jarvis, who I've never used but are often mentioned hereabouts and sell for £5.95. Hargreaves Lansdown charge £11.95 but have the prettiest website. https://www.hl.co.uk/help/transfers/transferring-to-hl/paper-share-certificates

Rollinghome

Zoe02 said:

I sent the share certificate to them.

Then got them converted to digital.

Then moved to Iweb. cheaper when selling. 

Out of interest, did they do a transfer from their nominee account to Iweb for free?  Not like them to do anything cheap, let alone for free, but good to know if they do free transfers?

[Deleted User]

Rollinghome said:

Zoe02 said:

I sent the share certificate to them.

Then got them converted to digital.

Then moved to Iweb. cheaper when selling. 

Out of interest, did they do a transfer from their nominee account to Iweb for free?  Not like them to do anything cheap, let alone for free, but good to know if they do free transfers?

It is free to transfer to Iweb but lost some of my shares certificates so paid £75 or so.

I had to fill a form.

Their fees are higher for the share dealing and as I was already with Iweb happy it got moved from Equiniti.