Stolen Share Certificates

Sep 29, 2005 2 Replies

I have had some share certificates stolen and put a stop on them at the various Registrars.



The Registrars are asking for sums of between £28 and £65 for administration fees for each company for replacing the certificates plus fees for acting as Guarantor.



I seem to recall that share transfer forms ask for indemnity if a certificate is not present when selling shares but I thought the fee for this was only about £10.



Can the high Registrars' fees be avoided by not having the certificates re-issued? Also does anyone know if there are Stock Exchange rules governing the administration fees charged by Registrars - they seem to be able to charge whatever they like including in one case a £53 charge in respect of shares worth only about £140.



Andrew



Not answering your questions at all .... but hey ... what a good advert for holding shares in electronic form rather than via share certificates.

The fees you are being charged ..... a theft .... covered by your Home Contents policy?

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