Sell your share certificates in just 3 quick steps with our postal certificate sales service with sales commission starting at just £12.50.
You can sell shares quoted on the London Stock Exchange and some quoted on other markets too, so long as they are dealt in sterling and settled via the CREST system - if you're not sure just give the dealers a call on 0870 400 0292. You can also use this service to sell gilts and bonds.
Just print your sales form, complete it and send it to us together with your certificates and proof of identity. To find out more, follow the 3 simple steps below.
All you pay is 1% of the sale proceeds, with a minimum of £12.50. So, for example, if your shares are worth £1,000 you'd pay £12.50. For simplicity, our charge is deducted from the sale proceeds.
If your shares are worth more than £10,000 you'll have to pay a £1.00 levy to the Panel on Takeovers and Mergers. We handle this for you and deduct the levy before sending you a cheque for your net proceeds.
Step 1: Print the certificate sales form.
Please use one sales form for each different company's shares you want to sell. You can use one form for up to 20 separate certificates so long as all certificates are in exactly the same name and for the same company.
Occasionally, certificates might be owned by you but recorded on the share register in slightly different ways. Check the Account Number and name shown on each certificate and, if in doubt, do give us a call. We'll be able to advise you further.
So if you have certificates in your own name, but in two different companies, you will want to print two forms. Alternatively, call us and we'll send printed forms to you. Obviously it will take a day or two for the post to reach you during which time the share price may have changed.
Step 2: Complete and sign each form.
All those individuals named on the certificates will need to sign the sales form. If some certificates are in a sole name but others are in joint names, please use separate forms for each. If you're not sure the dealers will be pleased to advise you further.
If you have an account with Investbx and would like to pay the sale proceeds to it, just put your customer reference in Section 1 of the form and your account number in Section 2.
Step 3: Return the completed forms AND certificates to us.
For anti-money laundering purposes, unless you already have an account with Investbx or have carried out a certificate sale with us in the last 6 months, you will need to send us proof of your identity, enclosing one item from each of the two lists shown on the form. If in doubt call us for further guidance, or simply enclose identification with your form.
For extra peace of mind you may want to send us your certificates and forms by registered post.
We will sell your shares as soon as possible after receipt in 1 of 2 dealing sessions, starting at 09:00am and 13:00pm each business day.
Because your shares are sold alongside those of other customers, the price you get may not be the same as when selling them immediately and the market may quote a different price because of the larger number of shares being sold together. Therefore, the price at which they are sold could, be higher or lower than if your shares had been sold on their own.
Remember, too, that there will be a delay between you posting your instructions and us receiving them, during this time the price of your shares may change.
To avoid any uncertainty over the price you get for your shares you can set a price limit; this would be the minimum price at which you wish to sell.
- We'll monitor the market price at each of the daily dealing sessions for up to 30 days, free of charge, and sell your shares when your price limit can be met.
- Where your sale cannot be competed within the price limit and timescale you set, we'll contact you for further instructions. To help us do so, please provide us with a daytime contact number.
- You'll be able to set a new price limit, extend your existing limit for up to 30 days or ask us to return your certificate to you.
Once your shares have been sold, taking into account any limit price you may have set, we will send you a Contract Note confirming the value of your sale. Three days after the sale has taken place we will send you a cheque for the net sale proceeds.
We aren't able to advise you on your sale or comment on taxation issues, so remember when placing your order that the value of your shares may be lower than when you bought them, and if it is higher may give rise to a Capital Gains Tax liability at your marginal income tax rate.
It's important when choosing any service to ensure it is right for you. We're on hand to answer any questions you may have and, if you're still not sure whether it's suitable we recommend you seek independent advice.
So if you have any questions about the Certificate Sales service call us on 0870 400 0292, from 08:00am to 18:00pm Monday to Friday. We will be pleased to help.
