5. How do I register the death of a shareholder?
If you are administering an estate, you may need to transfer shares into the names of beneficiaries or sell the holding.
The first step is to contact the Company’s Registrars who will carry out the necessary action to the register and send you the forms that will need to be completed.
There are two ways of re-registering the holding, depending on the size of the estate.
(a) If the estate is large, you may need to obtain a grant of representation. This is a document that appoints the representatives who will administer the estate. You may need advice from your solicitor on how to go about this or you can contact the Probate Registry (their number is in Yellow Pages or the Phone Book) for more details.
Our Registrars will then ask you to return the completed forms with an 'office copy' of the grant. This is a copy of the front page of the document which has been sealed by the Probate Registry.
If you are going to transfer the shares, you will need to complete a transfer form and return it to our Registrars with the share certificates for the holding. A certificate in the new name can then be issued.
(b) If the estate is small the procedure may be simpler. Details can be obtained from the Registrar.
If shares were held in joint names, the account can simply be re-registered in the sole name of the other holder. Our Registrars will need a photocopy of the death certificate to amend the register and the share certificates so that replacements can be issued in the new name.