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Original poster

Fuck. Does anyone know anything about share certificates?

11 replies

SallyOMalley · 18/04/2019 22:31

Sticking this here for traffic.

My DH left his bag on the train tonight and in it are some share certificates . It seems that you can't report a loss 24/7 like you can with a bankcard. The phonelines are only open 9-5 excluding bank hols. This means that he can't block them or order new ones until first thing Tuesday morning.

He's reported them as missing with the train company.

Here's my question: if someone found them, could they sell the shares? Is it that easy? We're hoping there are sorts of layers of security stopping this from happening, but can't find anything online. Does anyone know?

We're talking ££££ here. It could be catastrophic ...

OP posts:

Ragwort · 18/04/2019 22:33

Highly unlikely, I have sold shares in the past but they ask you all sort of identity and security questions.

Original poster

SallyOMalley · 18/04/2019 22:54

Thank you Ragwort. That is what we are hoping.

OP posts:

78percentLindt · 18/04/2019 23:04

The Stock Market is closed until Tuesday , so there is no market to sell them. If you have shares in certificated form you have to fill out a form to sell and the info has to match what is on the Share Register, I had a problem once because I had left out the County on my address!
It will cost you to replace the certificates- my late father lost several and it was about £100 per certificate- I think it includes an insurance bond and is related to the cost of the shares.
If you can, go to the lost property office terminus and see if the bag has been handed in, they keep them for 7 days ( as we discovered when DS left a overnight bag on the train)

MODGNIK · 18/04/2019 23:05

Are you registered as the owners on the share register?

78percentLindt · 18/04/2019 23:07

Have you got an online account with the registrars? You might be able to report them on there?

Original poster

SallyOMalley · 18/04/2019 23:15

Thanks everyone.

Yep, I told DH that no trading will be taking place anyway. Looks like it's going to cost north of £500 to replace the certs - indemnities will be payable.

We'd go and fetch the bag tonight but the terminus is a 4 hour drive away. The loss has been reported - we'll chase it up tomorrow.

Good call about the online account. It's all in DH's name so I'll get him to check. He is the registered owner of the shares.

DH is so cross with himself - and v worried. There isn't much we can do right now though. Check the luggage racks, people!

OP posts:

MODGNIK · 18/04/2019 23:24

Why do you need certificates? I don't have any physical certificates for my shares- all online.

Original poster

SallyOMalley · 18/04/2019 23:35

I think that's because he's always had them in paper form (he still gets bank statements delivered too 🙄). But, good point, I agree there is no real need. From what I can gather, the exorbitantly high cost of replacing the certs is because it includes an indemnity insurance in case someone else does try to cash them in. Whether that applies when going paper-free too, I don't know.

OP posts:

LonginesPrime · 18/04/2019 23:42

Unless they're bearer shares, you're fine.

MouseRatFan · 18/04/2019 23:43

Have you looked on the back of a old paper kite?

78percentLindt · 19/04/2019 00:07

Depending on the Shares you might not get some of the shareholder perks if you hold them in a nominee account- ie not in paper form. We have a couple in paper form for this reason.
If you can get through, it might be orh a call to the station to see if they have the bag- and check opening times ( bitter voice of experience )

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