Do you hold paper share certificates?

Do you have paper share certificates that you would like to hold electronically?

The UK Government is moving forward with plans to phase out physical share certificates, replacing them with fully digitised share registers. The Digitisation Taskforce, chaired by Sir Douglas Flint, delivered its final recommendations for modernising how shares in UK listed companies are held. The report recommends a staged approach to removing paper share certificates in listed companies and moving to a fully intermediated system.

In line with the report’s recommendations, the government says that it aims to legislate to implement the first phase, that is to end the issuance of paper shares and require companies to replace paper share registers with digitised share registers, by the end of 2027 at the latest, with a precise date to be determined by the newly-formed technical group.

We can assist you in dematerialising any UK share certificates you hold by transferring them into a broking account in your name. Your shares will be securely held with our settlement and custody provider, James Brearley, a member of the London Stock Exchange.

Benefits of holding your shares electronically

• The risks regarding holding paper certs such as loss, theft, forgery, and damage are eliminated
• The lack of paperwork enables faster and more efficient transactions
• More convenient trading enabling a faster settlement process should you require the funds at short notice
• Any UK shares created from any consolidation or mergers and acquisitions are credited in your account automatically
• You can access your account via an online portal

Setting up an account is easy, and it may take as little as 5 business days to complete, although overseas securities may take longer.

Please note there is a £250 minimum charge for the dematerialisation of share certificates. There will be commission costs on any transactions and there may be custodian and account fees – a full schedule of fees and charges can be found here.

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Do you hold paper share certificates?

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