electronically held share certs

S

Shaz

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I am interested in buying a few shares directly and holding on to them for the long term. Thus, I would like to hold the share certs myself. I read on the Campbell O'Connor website than from 2007 onwards, shares will be held electronically. What does this mean exactly? Is it the same as being held under a nominee account or CREST account?

Thanks.
 
Yes, it means a Crest Account. So they are held in your name, but electronically with Campbell O'Connor as your sponsors.

Brendan
 
Excuse my ignorance. I have been reading through some of the posts here and what I understand is that there are 3 ways to hold shares going forward:

1.CREST
2.Nominee accounts
3.Held by registrar of company due to dematerialisation of shares

So, which stockbroker can I go to for if I want option no. 3?

Thanks.
 
I am not sure what you mean by Option 3. Please provide a link to that post.

There is a new system planned where all shares will be dematerialized but that won't be for another 2 years at least. When that happens, you will be able to deal directly with the Registrar of the Company.

Brendan
 
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