If you have missing share certificates you will need to obtain a letter of indemnity from the company registrar.
Letters of indemnity are issued from the company registrar to minimise any potential financial loss caused by any misuse of the original certificate. Once the completed letter of indemnity is returned to the registrar, they will issue a duplicate share certificate replacing the missing one.
Although the registrars will arrange a countersignature to a letter of indemnity when the value of the shares represented by the missing share certificate is less than *€70,130, they will not do so for shares which are worth more than this.
If the person who signs the letter of indemnity is unable to meet its requirements, a countersignature protects the company. The countersignature provider takes on a possible liability which is why a fee is charged.
We can help with the whole process of getting a valid duplicate certificate, whether or not the value of the shares represented by the missing certificate exceeds *€70,130.
*Exchange rate variable and amount subject to change.
If a countersignature is needed, we will send off the letter of indemnity to our supplier and request a quote. The quote is usually around 1% of the value of the shares represented by the missing share certificate.
Once the quote has been accepted, we will need you to send us documentation to comply with anti-money laundering regulations. These documents are certified copies of a passport, a recent bank statement along with one other form of address identification, such as a recent utility bill. The last two documents need to be no more than three months old.
We will arrange for the duplicate share certificate to be issued and return this to you.
Cost of Missing Share Certificate
€75 + VAT plus Registrar fees and indemnity premiums