PM8 0.00% $1.66 pensana plc

Hi @skijapan, I had been given CREST Transfer forms in September...

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    Hi @skijapan,

    I had been given CREST Transfer forms in September last year in the context of a "request to sell". So I've never used them. The de-materialisation step alone didn't require it. But this time I did bother to investigate CREST more broadly. This is what I found ( CREST Accounts ). I'm not sure it applies to me, but happy to be redirected. Anyway it contains interesting details . . .
    1) Most UK shareholders have their stocks held ‘in nominee’ . . . .
    The legal owner of these shares is . . . their stock broker’s nominee company.
    The shareholder . . . do(es) not appear on the shareholders register.

    2) . . . you should be covered by the Financial Services Compensation Scheme (FSCS), up to a limit of £50,000.

    3) . . . then followed by two paragraphs about how CREST doesn't protect shareholders (large or small) under several circumstances.

    Seriously . . . this is an amateurish show, brought to PM8 for no good reason. The sooner the LSE implement blockchain the better.


 
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