Paper share certificates

Hi,

What are interim paper share certificates?

Also, a relative of mine has a proper paper share certificate. Does this provide undoubted proof that you own these shares because he has no recollection. Basically, if you sell the shares do you give up the paper certificate ?

Reply to
paulfoel
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What they say? Some context would be helpful, or call the registrar for the definitive answer.

Not if they've dematerialised eg the holding has been registered with a nominee which is what brokers and PEP/ISA managers do.

Yes

Daytona

Reply to
Daytona

Usually you have to sign the transfer form on the reverse of the certificate and send it back to the broker.

Interim certificates are usually the documents relating to a rights issue, which get replaced once the shares are fully paid.

Reply to
Terry Harper

No, because some people lose the certs and then sign to say they've lost them, get new ones and then find the old ones. The Registrars keep a proper check on who owns the shares.

Basically, if you sell the shares do you give up the

Should do.

Rob Graham

Reply to
Robin Graham

It is possible that the share certificates have been re-issued following, say, a consolidation. In these circumstances the company often ask the shareholder to destroy the old certificate.

There can be many reasons why the certificate is invalid. I suggest that you simply ask the Registrar.

Reply to
Brian

One more point to add to this

When moving house once some of my papers got lost/stolen/destroyed included in this were some share certificates I wrote to the registrars and had them re issued (cost me a tenner if I remember correctly) but they could still exist somewhere?

Reply to
Wildcard

In message , Wildcard writes

Yes, but that tenner together with what you signed bought an indemnity to cover the event of somebody trying to sell the lost certificate.

Reply to
john boyle

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