Buying, selling and transferring
Our Registrars, Equiniti offer Shareview Dealing, a service which allows you to buy or sell Tesco shares if you are a UK resident.
You can deal in your shares on the Internet or by phone. Log on to www.shareview.co.uk/dealing or call them on 08456 037 037 between 8.00am and 4.30pm, Monday to Friday, for more information about this service and for details of their rates. If you wish to sell your shares, you will need your shareholder reference number which you can find on your share certificate.
How do I buy and sell shares?
This is usually done through a stockbroker, bank, building society or "share shop". They all offer a similar service although the commissions they charge will vary.
This can be done with Equiniti Limited by phoning 08456 037 037 or via the internet at www.shareview.co.uk/dealing. If you would like a list of stockbrokers, either visit www.moneyextra.com, or write to The Association of Private Client Investment Managers and Stockbrokers (APCIMS), 112 Middlesex Street, London, E1 1HY.
For further information on investment and share ownership, including investor updates, contact Proshare (www.ifsproshare.org), which is an independent, non-profit-making organisation which promotes sensible investing.
If you have recently sold your shares and receive a dividend which you are not sure you are entitled to, contact the agent who acted for you in the sale.
Always keep the contract notes which are sent to you by the agent who buys or sells shares for you. If you sell any of your Tesco shares you may become liable to capital gains tax.
Neither Tesco nor the Registrar is able to offer financial advice or to confirm the price at which you bought or sold shares.
How do I transfer shares?
If a buyer and seller of shares both agree, they can transfer shares off market by using a stock transfer form, rather than going to a bank or stockbroker. Equiniti Financial Services Limited can advise you on the procedure and can provide the appropriate forms. Send the completed form and the share certificates to Equiniti Financial Services Limited. This method of transferring shares is commonly used when no stamp duty is payable, for example when shares are gifted to relatives or charities on the distribution of an estate.
If stamp duty is payable, send the completed transfer form to an Inland Revenue Stamp Office. The duty must be paid before the form can be forwarded to Equiniti Financial Services Limited to make the transfer. Stamp duty is currently 0.5% of the value of your shareholding, rounded to the nearest £5.
If the transfer of your shares is not received by Equiniti Financial Services Limited until after the record date, you will still receive a dividend payment.
Where can I find the price of Tesco shares?
Regularly updated prices are on this website; on Teletext in the UK, and are also available from the London Stock Exchange website www.londonstockexchange.com.
13 Dec 2013 at 15:14