Hi. Does anyone know how often share certificates are issued? Does it vary? I want to cash some shares in and i dont know if i have the most recent certificates. Thanks.
2006-11-28 00:46:40 · 4 answers · asked by mittens 2 in Business & Finance ➔ Investing
These days share certificates are normally not issued. When you buy some shares you are added to the shareholder register for that company and your broker will send you a statement every 3 months which you can use to show you own the shares.
If you received a share certificate when you bought the shares it will not normally be reissued. You can hold shares for 50 years, and the certificate you got when you bought them will still be valid. The only exceptions would be as follows;
1. The company gets taken over. So if you held shares in TSB they would have been replaced by shares in Lloyds TSB when Lloyds took them over.
2. The share was split. So if you owned 50 shares worth £20 each before a 4 for 1 split you would own 200 shares worth £5 each after the split.
In both cases the company involved would send a lot of information to shareholders so you should have been informed your share certificate was being replaced.
You could call the company and check, but my suggestion is to just go ahead and sell the shares. If it is an old share certificate then they will tell you and the worst that can happen is they tell you to go find the current one.
If it turns out you have lost the most recent certificate then they will ask you to sign an indemnity (meaning you can still sell the shares, but they will hold you liable if the certificate turns up and is used fraudently).
2006-11-28 01:00:29 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
Hi >
Share Certificates are valid from the date of issue to the year dot.
Unless the Company / Organisation goes bust.
I have a few in a Siberian oil feild, of all things.
They keep sending me info & glossy brochures as to how the show is behaving. Same with an investment in the coffee market.
I have not got a clue as to where the actual coffee stuff is, but apparantly I own a lump of it in perpetuity.
No big deals, but if you have shares in something, it theoretically goes on for ever, without re-issue.
All the best,
Bob
2006-11-28 01:04:39 · answer #2 · answered by Bob the Boat 6 · 0⤊ 0⤋
They are issued when you buy them.
Call the company's registrars and they can confirm if the certificates you haveare still valid or have been altered.
2006-11-28 00:54:50 · answer #3 · answered by Maids Moreton 4 · 0⤊ 1⤋
share certificates are issued.when a company floats.and when it needs to lend money.
2006-11-28 03:29:43 · answer #4 · answered by peter o 5 · 0⤊ 2⤋