- The service is provided by Equiniti Financial Services Limited and is open to residents of the UK and EEA (European Economic Area) who are aged 18 years or over.
- It provides a facility for shareholders to remove their shares from the GSK share register and hold them together with other shareholders in a nominee company sponsored by GSK.
- Shareholders participating in this service continue to receive dividend payments, annual reports and can attend and vote at GSK’s general meetings.
- The shareholder is still the beneficial owner of the shares and simply instructs the nominee to buy/sell or transfer the holding on its behalf.
- The service is free to join and it ensures that shareholders details are not held in the public domain.
How to transfer the shares you hold into the GSK corporate sponsored nominee
If you currently hold GSK shares in a certificated form, you can transfer your holding into the GSK corporate sponsored nominee by requesting a Type D transfer form via the Shareview website. You will need to complete the form and send it together with your share certificate(s) to Equiniti.
You are strongly advised to send your share certificate(s) and the form by recorded or registered post as your share certificate is a valuable document.
If it is lost in the post you will be required to complete an indemnity before your shares can be transferred into the Nominee account.
FAQs about this service
What is a 'corporate sponsored nominee service'?
This is a way of holding shares without a share certificate. Instead of registering as a shareholder directly on the register of members, your shares are held on your behalf by a nominee company. You are still the beneficial owner of the shares and instruct the nominee to buy, sell or transfer your holding on your behalf. The GSK corporate sponsored nominee is a nominee that is sponsored by GSK particularly for its shareholders. Because the nominee has the backing of GSK, participants enjoy in practice the same rights as shareholders including receiving dividends and annual reports and playing a part in GSK’s general meetings.
Holding shares this way has a number of benefits because:
- you do not hold a share certificate, there is no possibility of having to pay a fee to replace it if it goes missing.
- shares are held electronically, it is possible to transfer or sell shares very quickly.
- the nominee's name is entered on the register of members instead of yours, your personal details are hidden from public view.
How do I open a GSK corporate sponsored nominee account?
If you currently hold GSK shares in a certificated form you can transfer your holding into the GSK corporate sponsored nominee by following the quick and simple steps on the Corporate sponsored nominee page.
How much does it cost?
There is no annual charge to participate in the GSK corporate sponsored nominee service - there is simply a fee of £10 per transaction to transfer shares out of the nominee service.
How can I transfer the shares held in my nominee account?
What is Stamp Duty Reserve Tax (SDRT)?
SDRT is a UK tax that may be payable depending on the type of transfer. As a general rule, if no money is changing hands then the transaction is not liable for Stamp Duty. To be exempt, the transfer must fall into one of the categories shown on page 2 of the form. For example, if you are giving your shares to another person as a gift, the transfer will fall into category 'L'.
More information about stamp duty is available on the HM Revenue & Customs website (for example, more details of exemptions are detailed in chapter 2 of the Stamp Office Manual.
Contact our registrars
If the FAQs above do not resolve your query you can contact our registrars, Equiniti. Their contact details can be found on the Investors contact details page.