If a company that you invest in offers a Corporate Sponsored Nominee service, you can enjoy the convenience and reassurance of holding your shares electronically.
This spares you having to look after paper certificates but still lets the company offer you shareholder benefits.
If the company in which you hold shares offers a Corporate Sponsored Nominee you can:
- Access competitive dealing rates and faster settlement
- Forget about looking after paper share certificates
- Simplify your personal records with regular share statements
- Increase your privacy as your shareholder details are taken off the public share register
- Benefit from the reassurance of regulation by the Financial Conduct Authority (FCA)
How does it work?
The Corporate Sponsored Nominee works by removing investors names from the main register and holding them together with other investors in the nominee company. A separate register of underlying individual investors is maintained behind the scenes by the nominee.
You will still enjoy the benefits of owning shares, retain the right to receive dividend payments and the company will generally make available financial information and arrange for you to attend and vote on matters put to general meetings of the company.
Corporate Sponsored Nominee Companies
If you already have a shareholding in one of the companies listed below, you can open an account by transferring shares into a Corporate Sponsored Nominee (CSN).
To do this please call 0371 384 2030* to obtain a copy of the terms and conditions and an application form.
*Lines open 8.30am to 5.30pm (UK time), Monday to Friday (excluding public holidays in England and Wales.
Completed forms should be returned, together with your share certificate(s) to:-