Transfer Share Certs to IWeb

badger09

I want to xfer my LLOYDS BANKING GROUP PLC share certs to IWeb &  then sell. 

I have IWEB & CREST xfer forms in front of me. 

Certs are for:
LLOYDS TSB GROUP PLC ord 25p
LLOYDS BANKING GROUP PLC ord 25p
LLOYDS BANKING GROUP PLC ord 10p
Am I correct in thinking these will need 3 L entries on IWeb xfer form & 3 separate CREST xfer forms? 

IWeb form also asks for Book Cost. I didn’t keep records of DRIP in the early years 1998-mid 2000s  so don’t know cost of 369 shares. No question of any Capital Gain, in fact a loss without these costs. No intention of claiming loss. I haven’t been able to find historical LLOYDS TSB share values. Is Book cost requested purely for my benefit?
Grateful for any help. Doing this as part of a ‘simplify finances so easier for Executors’

jimjames

I suspect Lloyds TSB group certificate is expired and replaced by one of the others. Lloyds TSB hasn't existed for quite some time since TSB was split off. Book cost is for your use, doesn't matter if not known for the transfer

20122013

Thanks for making the post. I have some M&G shares with Equiniti (the provide), if I want to sell the shares via another provider, do I need to transfer them out first, I think I do, but I want to check.  And I will need to have all the share certificates. 

Notepad_Phil

I think I asked the same question about Lloyds changes of name on certificates a few years ago in https://forums.moneysavingexpert.com/discussion/6404459/crest-transfer-form-when-company-name-has-changed-over-the-years and as per the replies I'm pretty sure we just sent the one Crest form over and put the one line on the xfer form.

With regard to Book Cost, if you're not able to figure it out yourself then just put your best approximation as my understanding is that it is just used to show your profit/loss given the current share price, but if you're not sure then once on iweb you may want to sell them off whenever you can use the cgt allowance - Mrs Notepad did this and moved them across to a S&S ISA.

badger09

jimjames said:

I suspect Lloyds TSB group certificate is expired and replaced by one of the others. Lloyds TSB hasn't existed for quite some time since TSB was split off. Book cost is for your use, doesn't matter if not known for the transfer

Not sure what you mean by ‘expired’ but I still have the original LTSB certs & no replacements were ever sent to me. 

badger09

Notepad_Phil said:

I think I asked the same question about Lloyds changes of name on certificates a few years ago in https://forums.moneysavingexpert.com/discussion/6404459/crest-transfer-form-when-company-name-has-changed-over-the-years and as per the replies I'm pretty sure we just sent the one Crest form over and put the one line on the xfer form.

With regard to Book Cost, if you're not able to figure it out yourself then just put your best approximation as my understanding is that it is just used to show your profit/loss given the current share price, but if you're not sure then once on iweb you may want to sell them off whenever you can use the cgt allowance - Mrs Notepad did this and moved them across to a S&S ISA.

Thank you! That’s really helpful. 

DRS1

But presumably you know the total shareholding you have and can see if that is represented by just one of the certificates (the one for the 10p shares) or all three?

badger09

Not sure what you’re asking. 

Yes, of course I know the total shareholding that I have. In addition to the ones I bought, each time a dividend was declared, it was automatically used to buy more shares. For each of those purchases, I receive a separate share certificate showing the number of additional shares acquired. I therefore have multiple (46) separate share certificates. 

For the more recent ones I also have a covering statement & tax voucher. It is only on those statements that the total shareholding is shown. 

Notepad_Phil

badger09 said: 

... Not sure what you’re asking. ...

I think DRS1 thinks that possibly there has been a reissue of the older named certificates to a newer name, so the other names are no longer legal - so e.g. if you know you have 1000 shares then look for which of the three differently named certificates adds up 1000. But I think all three sets are legal and you'll send all of them.

DRS1

Notepad_Phil said:

badger09 said: 

... Not sure what you’re asking. ...

I think DRS1 thinks that possibly there has been a reissue of the older named certificates to a newer name, so the other names are no longer legal - so e.g. if you know you have 1000 shares then look for which of the three differently named certificates adds up 1000. But I think all three sets are legal and you'll send all of them.

Yes that was what I was thinking.  The change of nominal value from 25p to 10p suggests a capital reorganisation of some sort which would likely change the number of shares held and might have meant the issue of a new share certificate showing the new number of shares held.  But not being a Lloyds shareholder I don't know if they did that.

If the OP wants to know if the older certificates are still valid he can add up the share numbers on his certificates and see when they add up to the total holding he knows he has.  Obviously if he is still short when he has run out of the newer certificates then the older ones are valid (at which point he is going to need to adjust the numbers to see how far back he has to go)

wmb194

DRS1 said:

Notepad_Phil said:

badger09 said: 

... Not sure what you’re asking. ...

I think DRS1 thinks that possibly there has been a reissue of the older named certificates to a newer name, so the other names are no longer legal - so e.g. if you know you have 1000 shares then look for which of the three differently named certificates adds up 1000. But I think all three sets are legal and you'll send all of them.

Yes that was what I was thinking.  The change of nominal value from 25p to 10p suggests a capital reorganisation of some sort which would likely change the number of shares held and might have meant the issue of a new share certificate showing the new number of shares held.  But not being a Lloyds shareholder I don't know if they did that.

If the OP wants to know if the older certificates are still valid he can add up the share numbers on his certificates and see when they add up to the total holding he knows he has.  Obviously if he is still short when he has run out of the newer certificates then the older ones are valid (at which point he is going to need to adjust the numbers to see how far back he has to go)

See the link to the other thread linked above: the 25p shares remain valid.