If you are share certificates you will need to obtain a letter of indemnity from the company registrar.
Letters of indemnity are issued to minimise any potential financial loss caused by any misuse of the original certificate. Once the completed letter of indemnity is returned to the registrars, they will issue a duplicate share certificate replacing missing one.
Although the registrars will arrange countersignature to a letter of indemnity when the value of the shares represented by the missing Share Certificate is less than £50,000 they will not do so for shares which are worth more.
A countersignature protects the company if the person who signs the letter of indemnity is unable to meet its requirements. The countersignature takes on a possible liability and this is why a fee is charged.
We can assist with the whole process of getting a valid duplicate certificate whether or not the value of the shares represented by the missing Certificate exceeds £50,000.
If a countersignature is required, we will send off the letter of indemnity to our supplier and request a quote. It is usually around 1% of the value of the shares represented by the missing Share Certificate.
Once the quote has been accepted we will require you to send us documentation to comply with anti-money laundering regulations – these are certified copies of passport, a recent Bank Statement along with one other form of address identification such as a recent utility bill. The last two documents must be no more than 3 months old.
We will arrange for the duplicate share certificate to be issued and return it to you.
£46.20 plus Registrar fees and indemnity premiums