The Corporate Sponsored Nominee (CSN) is a way of holding shares without a share certificate. Instead of registering as a shareholder directly on the register of members, your shares are held on your behalf by a nominee company. You are still the beneficial owner of the shares and instruct the nominee to buy, sell or transfer your holding on your behalf.

A CSN is a nominee that is sponsored by a company particularly for its shareholders. Because the nominee has the backing of the company, participants enjoy in practice the same rights as shareholders including receiving dividends and annual reports and playing a part in the company's general meetings.

Holding shares this way has a number of benefits because:

• you do not hold a share certificate, there is no possibility of having to pay a fee to replace it if it goes missing.
  
• shares are held electronically, it is possible to transfer or sell shares very quickly.
  
• the nominee's name is entered on the register of members instead of yours, your personal details are hidden from public view.