We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
How to replace lost share certificate cheaply?
confusedmummy
Posts: 187 Forumite
Is there a cheap way to replace a lost share certificate? I have just phoned one of the companies that I have shares in and they have told me I need to pay £65 to replace a certificate. Are there any alternative methods to replacing?
I presume I will need the share certificates if I ever want to sell my holding?
I presume I will need the share certificates if I ever want to sell my holding?
0
Comments
-
you can only get a replacement certificate from the company's registrar. i suppose you could try haggling about the price, but i doubt that will work.
you can't sell without the certificate - unless there happens to be a take-over of the company, or a capital reorganization in which everybody is issued with new certificates. in those events, you would generally receive cash proceeds, or a new certificate, without needing to produce the old certificate.0 -
I am in the similar position to confusedmummy. I have somehow lost some of my certificates due to house move, etc. but I have been quoted stupid money. Basically, if I go for replacement certificate, I don't make any money selling the shares. This is so stupid.
Edit: So, all I am doing at the moment is getting the dividend because selling is not an option at all.0 -
I am in the similar position to confusedmummy. I have somehow lost some of my certificates due to house move, etc. but I have been quoted stupid money. Basically, if I go for replacement certificate, I don't make any money selling the shares.
I 'lost' a certificate due to a house move, I seem to recall it cost me £800 -
I've just been quoted £257 to replace a certificate I haven't seen for at least 15 years...
£210 for the indemnity insurance (to cover for someone else using my old certificate if it's found) and £47 admin fee. This quote is from Link Asset Services. Feels like exploitation given my lack of options.0 -
Those prices sound about the going rate. I had to replace a share certificate and found there were two options: get a bank or building society to countersign (which made them party of the indemnity clause - they weren't just witnessing a signature - and guess what they wanted to charge for that...), or pay a hefty indemnity premium for a £60 share certificate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards