News
How to replace a lost share certificate

By John Healy of Healy Insurances
If a share or stock certificate is lost or accidentally destroyed the shareowner will need to give an undertaking to the issuing company that the certificate has been lost, and not charged or assigned, before the company registrar can issue a duplicate.
This undertaking also requires the shareowner to indemnify the registrar against any loss arising out of the issue of a duplicate certificate. The issuing company will require an insurer to join in the undertaking as a guarantor.
The undertaking does not relieve the shareowner from their obligation to make good any future loss incurred by the insurer as a result of them joining in the indemnity.
Usually the following information would be required in order to issue an indemnity:
* A completed proposal form
* The share indemnity form that is provided by the registrar
* Proof of identity
* Proof of address
Confirmation from your solicitor and/or bank may be required to confirm that the share certificates are not held in trust.
The cost of providing the indemnity is based on the amount of the shares and the share price on the day of quotation.
At Healy Insurances, we have vast experience in this area and can provide the service and advice should you need to replace lost share certificates.
News
Gleneagle Concert Band cast in major Hollywood Film
Members of The Gleneagle Concert Band have been cast in a major Hollywood movie currently filming in West Cork. The WWII biopic is inspired by Hollywood legend James Stewart’s […]