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    • confusedmummy
    • By confusedmummy 13th Sep 17, 4:47 PM
    • 187Posts
    • 118Thanks
    confusedmummy
    How to replace lost share certificate cheaply?
    • #1
    • 13th Sep 17, 4:47 PM
    How to replace lost share certificate cheaply? 13th Sep 17 at 4:47 PM
    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?
Page 1
    • grey gym sock
    • By grey gym sock 13th Sep 17, 6:41 PM
    • 4,441 Posts
    • 3,989 Thanks
    grey gym sock
    • #2
    • 13th Sep 17, 6:41 PM
    • #2
    • 13th Sep 17, 6:41 PM
    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.
    • Robie
    • By Robie 13th Sep 17, 7:04 PM
    • 131 Posts
    • 28 Thanks
    Robie
    • #3
    • 13th Sep 17, 7:04 PM
    • #3
    • 13th Sep 17, 7:04 PM
    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.
    Last edited by Robie; 13-09-2017 at 7:08 PM.
    Save 8k in 2013, Num 046, 5000/8000 (received 2000 unexpectedly from someone)
    • sevenhills
    • By sevenhills 13th Sep 17, 8:14 PM
    • 1,325 Posts
    • 490 Thanks
    sevenhills
    • #4
    • 13th Sep 17, 8:14 PM
    • #4
    • 13th Sep 17, 8:14 PM
    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.
    Originally posted by Robie
    I 'lost' a certificate due to a house move, I seem to recall it cost me 80

    • gss
    • By gss 19th Mar 18, 10:09 AM
    • 1 Posts
    • 0 Thanks
    gss
    • #5
    • 19th Mar 18, 10:09 AM
    • #5
    • 19th Mar 18, 10:09 AM
    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.
    • Brynsam
    • By Brynsam 19th Mar 18, 10:32 AM
    • 1,268 Posts
    • 869 Thanks
    Brynsam
    • #6
    • 19th Mar 18, 10:32 AM
    • #6
    • 19th Mar 18, 10:32 AM
    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.
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