Moneyextra Certificate Sales

Sell your share certificates for a fixed sales commission of £20.00, no matter how large your holding.

Sell your shares in just 3 quick and easy steps with our cost-effective postal certificate sales service.

What can you sell? Shares quoted on the London Stock Exchange and some quoted elsewhere too so long as they are dealt in Sterling and settled via the CREST system. You can also use this service to sell gilts and corporate bonds.

Please remember that share prices, and therefore their values, can go down as well as up and, when you sell them, you could get back less than you initially invested.

If you're not sure your shares qualify, call our dealers on 0845 077 7084 (8am-6pm, Monday-Friday) and we can advise you.

How to sell your share certificates

• STEP 1: Simply print out the sales form.
• STEP 2: Fill in the sales form.
• STEP 3: Post it to us together with your share certificates and proof of identity.

For extra peace of mind you may wish to send your certificates and forms by registered post. Send no money! The £20.00 fee will be deducted from your sale proceeds. If your shares are worth more than £10,000 you'll also 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.

Please use one sales form for each different company's shares you want to sell. You may use one form for up to 20 separate share certificates as long as they are all held in exactly the same name and for the same company.

Occasionally, certificates might be owned by you but recorded on the company's Share Register in slightly different ways. Please check the Account Number and name shown on each certificate.

If you've certificates in your own name but in two different companies you'll need to print two forms. Alternatively, call us and we'll send the 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.

All those individuals named on the share 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. Again, if you're not sure our dealers will be pleased to advise you further.

If you want to pay the sale proceeds into your Moneyextra Share Dealing account, simply put your customer reference in Section 1 of the form and your account number in Section 2.

If you don't already have a Moneyextra Share Dealing account and have not previously carried out a certificate sale with us in the last six months, we have to ask you for proof of identity. Anti-money laundering rules require us to ask you to send proof of your identity by enclosing one item from each of the two lists shown on the form. If in doubt please call for further guidance.

How we sell your shares

We'll sell your shares as soon as possible after receipt in one of two dealing sessions, starting at 9am and 1pm 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.

The price at which they are sold may, therefore, 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 have changed.

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.

If your sale cannot be completed we'll contact you for further instructions. To help us do so, please provide 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 actually been sold 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 or pay the funds into your Moneyextra Share Dealing account (if that is what you have requested).

If you have any questions about the Certificate Sales service call us on 0845 077 7084 (8am-6pm, Monday-Friday). We're here to help!

The Moneyextra Share Dealing service is not able to advise you on your sale or comment on any taxation issues that may arise. If you have any concerns regarding a potential Capital Gains Tax liability as a result of your share sale you may wish to take independent financial advice. You may call our advisers on 0845 145 0145 (9am-8pm, Monday-Friday).