Selling National grid shares
Discussion
Yes Equiniti are the appointed registrar for National Grid so they are legit. In general you can hold shares in two ways:
Certificated - you actually have physical peices of paper. It's a right pain if you lose them.
Via a nominee - sometimes referred to as CREST. Another company holds them on your behalf.
Equiniti should be able to tell you if they are held via a nominee & if not, what address they have on record for your FiL. He should have been receiving either dividends (as a cheque or paid into a bank account) or more shares in lieu of the cash.
Unfortunately if the shares were in certificated form you cannot do anything about selling them without paying Equniti for new certificates & as you have found out this is not cheap. If they are charging just £20 for the certificate I'd be very surprised but that's a good price as I was quoted far more. In general they charge an indemnity fee in case the shares turn up & someone claims ownership but it may be different in a probate situation. Check the £20 covers everything.
If you can sell for £90 total given you haven't got the certificates I'd strongly consider doing it.
Certificated - you actually have physical peices of paper. It's a right pain if you lose them.
Via a nominee - sometimes referred to as CREST. Another company holds them on your behalf.
Equiniti should be able to tell you if they are held via a nominee & if not, what address they have on record for your FiL. He should have been receiving either dividends (as a cheque or paid into a bank account) or more shares in lieu of the cash.
Unfortunately if the shares were in certificated form you cannot do anything about selling them without paying Equniti for new certificates & as you have found out this is not cheap. If they are charging just £20 for the certificate I'd be very surprised but that's a good price as I was quoted far more. In general they charge an indemnity fee in case the shares turn up & someone claims ownership but it may be different in a probate situation. Check the £20 covers everything.
If you can sell for £90 total given you haven't got the certificates I'd strongly consider doing it.
Mr Pointy said:
Yes Equiniti are the appointed registrar for National Grid so they are legit. In general you can hold shares in two ways:
Certificated - you actually have physical peices of paper. It's a right pain if you lose them.
Via a nominee - sometimes referred to as CREST. Another company holds them on your behalf.
Equiniti should be able to tell you if they are held via a nominee & if not, what address they have on record for your FiL. He should have been receiving either dividends (as a cheque or paid into a bank account) or more shares in lieu of the cash.
Unfortunately if the shares were in certificated form you cannot do anything about selling them without paying Equniti for new certificates & as you have found out this is not cheap. If they are charging just £20 for the certificate I'd be very surprised but that's a good price as I was quoted far more. In general they charge an indemnity fee in case the shares turn up & someone claims ownership but it may be different in a probate situation. Check the £20 covers everything.
If you can sell for £90 total given you haven't got the certificates I'd strongly consider doing it.
Legit then..thanks to both of you.Certificated - you actually have physical peices of paper. It's a right pain if you lose them.
Via a nominee - sometimes referred to as CREST. Another company holds them on your behalf.
Equiniti should be able to tell you if they are held via a nominee & if not, what address they have on record for your FiL. He should have been receiving either dividends (as a cheque or paid into a bank account) or more shares in lieu of the cash.
Unfortunately if the shares were in certificated form you cannot do anything about selling them without paying Equniti for new certificates & as you have found out this is not cheap. If they are charging just £20 for the certificate I'd be very surprised but that's a good price as I was quoted far more. In general they charge an indemnity fee in case the shares turn up & someone claims ownership but it may be different in a probate situation. Check the £20 covers everything.
If you can sell for £90 total given you haven't got the certificates I'd strongly consider doing it.
MIL played no part in finances and I have an inkling shares may have been transferred to her by solicitor as part of probate 9 years ago....she's not financially aware at all and have asked her to look at her bank statements to see if she has been getting dividends without realising. Also asked her to have a good look at all the paperwork handed back by the solicitor.
Yes it appears £20 does cover everything if share cert is lost and commission is capped @ £70
Many thanks again
If it helps the last dividend was paid on January 9th & was 16.08p per share so see if a sum around £14.95 was paid in around that date.
https://investors.nationalgrid.com/shareholder-inf...
There is a list of previous dividends here so if she's missing 9 years worth that's a bit of money:
https://investors.nationalgrid.com/~/media/Files/N...
In particular there was a special dividend of 84.375p per share paid around 19/05/2017 which would have been worth about £78.47. Over the last 9 years there would have been about £428 worth of dividends (maybe less with tax).
https://investors.nationalgrid.com/shareholder-inf...
There is a list of previous dividends here so if she's missing 9 years worth that's a bit of money:
https://investors.nationalgrid.com/~/media/Files/N...
In particular there was a special dividend of 84.375p per share paid around 19/05/2017 which would have been worth about £78.47. Over the last 9 years there would have been about £428 worth of dividends (maybe less with tax).
Mr Pointy said:
If it helps the last dividend was paid on January 9th & was 16.08p per share so see if a sum around £14.95 was paid in around that date.
https://investors.nationalgrid.com/shareholder-inf...
There is a list of previous dividends here so if she's missing 9 years worth that's a bit of money:
https://investors.nationalgrid.com/~/media/Files/N...
In particular there was a special dividend of 84.375p per share paid around 19/05/2017 which would have been worth about £78.47. Over the last 9 years there would have been about £428 worth of dividends (maybe less with tax).
You are a true gent.........PH at it's best https://investors.nationalgrid.com/shareholder-inf...
There is a list of previous dividends here so if she's missing 9 years worth that's a bit of money:
https://investors.nationalgrid.com/~/media/Files/N...
In particular there was a special dividend of 84.375p per share paid around 19/05/2017 which would have been worth about £78.47. Over the last 9 years there would have been about £428 worth of dividends (maybe less with tax).
Gassing Station | Finance | Top of Page | What's New | My Stuff