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I've been given some shares and don't know whether to have them held where they are electronically or transfer to a hard copy certificate I hold myself - is there any advantage either way?...
Question
I've been given some shares and don't know whether to have them held where they are electronically or transfer to a hard copy certificate I hold myself - is there any advantage either way? - Posted by taniacat
Answer
ANSWER 9th August 2010
Hi Taniacat
My first answer would be to hold them certificated. The reason I say this is because it may give you slightly more flexibility when you come to sell them, although I am assuming you mean held electronically by the Registrar rather than by your broker.
From my experience when shares are held by the Registrars you become stuck with their dealing services. It can cost you an administration fee to change this later.
On the other hand if it is only a small holding, and you don't have your own broker it may be better to have them held electronically and if/when you sell them use the Registrar's share dealing service.
Have you got any alternative dealing facility?
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Reader's Comments
taniacat
August 9, 2010, 3:45 pm
the shares are worth approx £200,000 - and are held with the broker of the company who gave them to me i think.I need to make a descision on where i hold them by tomorrow and am so confused!
Shareworld further comment
Raysor
August 9, 2010, 4:29 pm
You needn't worry too much. If the shares can be held certificated then ask for a certificate. Please contact me by email and I will help further.
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