Available via Portsoken, Lost Share Certificate Indemnity specialises in obtaining counter-indemnities where a share certificate has been lost, stolen, destroyed or never received.
Access to Experts
Portsoken have more than 50 years of knowledge and experience in dealing with Lost Share Certificate Indemnities
Indemnity for lost shares, corporate bonds, loan stocks or gilts where the certificate is managed by a UK based registrar and the share issuing company is registered or based in the UK
In all cases Portsoken will project manage the application from start to finish and this is of particular importance where values are high or of a complex nature
Introducing Portsoken and Lost Share Certificate Indemnity
Transcript for video Portsoken - Lost Share Certificate Indemnity Video
Introducing Lost Share Certificate Indemnity from Portsoken.
I’m Simon Carman, I currently work for Portsoken, which has a specialisation in lost share certificate indemnities. I’ve been involved for more than 30 years, and I think I’m one of the people that knows the most about this subject in the UK.
What is a Lost Share Certificate Indemnity?
When you come to sell your shares, it’s possible that you won’t be able to find the certificate, and if you can’t, the Registrar will ask you to sign an indemnity, which protects them in case you aren’t who you say you are, so in other words, you’re a fraudster. If the value is over a certain level, then they will also ask you to get a counter-indemnity for an insurer to make sure they can get their money back.
Who needs a certificate?
Well, it’s only really, as we said, it’s only people that have…or don’t have a share certificate or who own some shares but can’t find the share certificate. So the Registrar would like to have an insurer sitting in the background that they can claim from.
How is it arranged?
It’s reasonably straightforward. Portsoken try to make the process very simple, or even if it isn’t simple, we try to make it clear and obvious what you’ve got to do and what documents we’re going to need. We try to do it as efficiently as we can and as quickly as we can.
How long does it take?
It’s always better at the lower end of the value range because we need slightly less information. We don’t necessarily need to write to other people. If it’s very straightforward, it can be done in two weeks. It takes two weeks because it’s a piece of paper and it has to go from us to an insurer to be signed, come back to us, and we have to then get it to you. If it’s not so simple and we have to write to other people, we’re obviously reliant on them. We’d like to get it done, I like to say it’s a month, but sometimes it’s three, four months and it can drag on. So, my advice would be start looking. If you need to sell the shares to get the money, then my advice would be to start as soon as you possibly can in the process and get in touch with the Registrar.
Will I need to pay for a Lost Share Certificate Indemnity?
When you initially contact us, we’ll ask a few questions, which will be enough for us to give you a pretty good idea of what it’s going to cost you because unfortunately you have to pay for the privilege of getting a counter-indemnity and we will try and get it done as quickly as possible.
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