Transfer Share Certs to IWeb

DRS1

wmb194 said:

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.

Yes I have read it now.  Sorry if I wasted anyone's time.

badger09

DRS1 said:

wmb194 said:

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.

Yes I have read it now.  Sorry if I wasted anyone's time.

No time wasted (not mine anyway). Definitely no new share certs issued. Being ultra cautious, I checked with IWeb online chat. @Notepad_Phil is correct. All my shares can be shown as a single entry on both IWeb and CREST xfer forms. And book cost is purely for my benefit. 
Will post certs & forms tomorrow RM 1st Class Signed for, which is closest I can find to IWeb recommended ‘Recorded delivery’. 🤞🏻

badger09

IanManc said:

badger09 said:

DRS1 said:

wmb194 said:

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.

Yes I have read it now.  Sorry if I wasted anyone's time.

No time wasted (not mine anyway). Definitely no new share certs issued. Being ultra cautious, I checked with IWeb online chat. @Notepad_Phil is correct. All my shares can be shown as a single entry on both IWeb and CREST xfer forms. And book cost is purely for my benefit. 
Will post certs & forms tomorrow RM 1st Class Signed for, which is closest I can find to IWeb recommended ‘Recorded delivery’. 🤞🏻

I dematerialised a lot of share certificates by sending them to IWeb, and I used Royal Mail Special Delivery Guaranteed by 1pm:

https://www.royalmail.com/sending/uk/special-delivery-guaranteed-1pm

It costs a bit more but you can track the progress of your package online, and share certificates are expensive to replace, so it gave peace of mind. I sent about ten lots of certificates in the end, it always worked on time, and IWeb processed them really quickly.

HTH Mrs Badger.

Hmm
It is helpful, or rather, it would have been if I hadn’t already printed my £5.20 postage label. Wouldn’t be very MSE to waste that🤔

EDIT
Every day’s a school day! Just discovered I can request a refund of postage ordered, so I’ve initiated that & will follow @IanManc suggestion. Replacement of 40+ certs would cost more than £5.20. 

badger09

Thanks to @IanManc, my share certs posted Sat were received by IWeb Mon 09.48 & was notified today that they’re in my GIA.
If I sell today, will proceeds be available to withdraw Tuesday? Not urgent, just want to confirm my understanding. 

wmb194

badger09 said:

Thanks to @IanManc, my share certs posted Sat were received by IWeb Mon 09.48 & was notified today that they’re in my GIA.
If I sell today, will proceeds be available to withdraw Tuesday? Not urgent, just want to confirm my understanding. 

Yes, settlement in London for shares is T+2 working days so sell on Friday, available the next Tuesday (assuming no bank holidays). 

I forget whether iWeb is one of the annoying brokers that credits sale money in the afternoon so you might need to keep checking through the day.

badger09

wmb194 said:

badger09 said:

Thanks to @IanManc, my share certs posted Sat were received by IWeb Mon 09.48 & was notified today that they’re in my GIA.
If I sell today, will proceeds be available to withdraw Tuesday? Not urgent, just want to confirm my understanding. 

Yes, settlement in London for shares is T+2 working days so sell on Friday, available the next Tuesday (assuming no bank holidays). 

I forget whether iWeb is one of the annoying brokers that credits sale money in the afternoon so you might need to keep checking through the day.

Thank you. 

I hit the Sell button & TBH, I’m glad to be rid of them. Though they did serve as a reminder never to buy individual company shares, or to listen to my husband where financial matters are involved😉
Another item off my ‘To do (to make things easier for my Executors) list’!

badger09

To round this off:
Sale proceeds in IWeb GIA available to withdraw 1st thing Tue am. Credited to my VM current account overnight Wed/Thur. 
Cherry on the cake - email today saying RM unused postage £5.20 (as I sent as suggested by @IanManc) will appear on my credit card by tomorrow. 

I can now sail off into the sunset tomorrow. Actually scrub that, we’re first heading North where sunset is around midnight & sunrise 03.00ish. Flippin cold though!

Bumblingbee

Sorry to hijack this thread but I think this also applies to me. I have paper shares with Lloyds and still get them through for dividends. I assume the CREST process discussed would be applicable to me. However I can view the balance of them online (on shareview if I recall correctly) but have 50 or so paper certificates so want to check they are definitely paper shares? 

wmb194

Bumblingbee said:

Sorry to hijack this thread but I think this also applies to me. I have paper shares with Lloyds and still get them through for dividends. I assume the CREST process discussed would be applicable to me. However I can view the balance of them online (on shareview if I recall correctly) but have 50 or so paper certificates so want to check they are definitely paper shares? 

Yes, you can have certificates and also view your holding online: your certificates and personal details are registered in a database. If you're receiving new certificates re scrip dividends then your holding is definitely certificated.