Friday, November 20, 2009

How do I cash in my Standard Life shares?

I was told that I had been allocated 245 shares by post. Do I need to get share certificates and then send them to a broker to cash in. I was hoping that it would be quick and easy with low costs to the broker.

How do I cash in my Standard Life shares?
First you have to see how much was it in the stock market. Try to log on to the stock market concerned. Then try to pick up a broker. If your shares is in odd lots, i.e. it is not divisible by the minimum purchase size the remaining odd lots will be difficult to sell, eithe it will have a cheaper cost. However, you can check to Standard Life if they have odd share buying scheme or the whole share buying.
Reply:As far as I remember, everyone was given the option of cashing their shares or keeping them for a minimum of one year. If you've not cashed them in yet I think you need to wait for a year. Check their website. There was loads of information there
Reply:You need the certificate/s, to sell. You can also sell through banks - you will need your account information, to receive your payment, which may take 2/3 weeks to process. If it is a one-off trade, then this is the better option. If you sell before the one year qualifying period, you lose out on the bonus shares.
Reply:Wait for the certificate and in the mean time read all the papers te company sends you.


They will tell you what your options are and may arrange cheap sale of your shares also.


No comments:

Post a Comment