Getting Dividends and selling shares of a US company

DiamondsForever

Hello all, I hope you can help, or point me in the right direction.

I am a very inexperienced shareholder.  I inherited shares in DS Smith, which has recently been bought out by International Paper, a US Company. 

DS Smith and my shares have now disappeared from my share listing, but International Paper has not appeared in its place (because it's not a UK listed company?).  I have not received a share certificate for the shares I now hold in International Paper, but have recently received a Dollar cheque for dividends, so I know that they know I exist and hold shares. 

Unfortunately, my bank is going to charge me £26+ to pay a Dollar amount cheque into my Sterling bank account.

I am now considering selling these shares.  How do I go about doing this from here in the UK, especially as I have not been issued a share certificate?

wmb194

DiamondsForever said:

Hello all, I hope you can help, or point me in the right direction.

I am a very inexperienced shareholder.  I inherited shares in DS Smith, which has recently been bought out by International Paper, a US Company. 

DS Smith and my shares have now disappeared from my share listing, but International Paper has not appeared in its place (because it's not a UK listed company?).  I have not received a share certificate for the shares I now hold in International Paper, but have recently received a Dollar cheque for dividends, so I know that they know I exist and hold shares. 

Unfortunately, my bank is going to charge me £26+ to pay a Dollar amount cheque into my Sterling bank account.

I am now considering selling these shares.  How do I go about doing this from here in the UK, especially as I have not been issued a share certificate?

So you held the DS Smith shares by certificate? What are you logging into when you say, "...have disappeared from my share listing"? The share registrar's portal?

Are there details of who sent you the cheque? The scheme document talks about a transfer agent. You need to ask this type of registrar what's going on because the scheme document says certificated shareholders were to receive a statement of entitlement and a "booklet" (p45). It also says you can contact this entity and have dividends paid electronically (cheque is the default option), see pages 44 and 45.






https://www.internationalpaper.com/sites/default/files/file/2024-09/Scheme%20Document.pdf

https://www.londonstockexchange.com/stock/IPC/international-paper-company/company-page

DiamondsForever

Thank you.  That's really helpful.  I have share certificates for the DS Smith shares, but have not received anything from International Paper, apart from the cheque.  I'll get onto them.  Thank you again