Corporate sponsored nominee service

The GSK corporate sponsored nominee service is a convenient way to manage your GSK shares without a share certificate.

The service is administered by our Registrars, Equiniti Limited and 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 in certificated form 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 following these quick and simple steps:

Step 1: Read the attached terms and conditions (PDF)

Step 2: Confirm you have read the terms and conditions by clicking here.

FAQs about this service

FAQs

What is a 'corporate sponsored nominee service'?
How do I open a GSK corporate sponsored nominee account?
How much does it cost?
How can I transfer the shares held in my nominee account to another person?
Can I exchange my nominee account for a share certificate?
Can I exchange my nominee account for a share certificate in someone else’s name?
Can I move my shares into another nominee service run by my broker or other custodian?
What is Stamp Duty Reserve Tax (SDRT)?

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 (plus VAT) per transaction to transfer shares out of the nominee service.

As with all files downloaded from a website, you should run virus-checking software before opening.

How can I transfer the shares held in my nominee account to another person?

Download and complete a transfer form (type A) [PDF 50 KB]

This will open an account in the corporate nominee service for the new holder. If the transferee already has an account with the same name and address details, the new shares will be added to their existing holding. Please note that transfers may be subject to UK tax.

Please refer to the explanatory notes on Stamp Duty Reserve Tax (SDRT) attached to the form.

Please send completed forms to GSK's Registrars, Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA.

Can I exchange my nominee account for a share certificate?

If you prefer to hold your shares in paper form, on a share certificate:
Download and complete a transfer form (type C) [PDF 35KB]

The fee for transferring shares out of your nominee account is £10 (plus VAT). Please send completed forms, with the transfer fee to GSK's Registrars, Equiniti Limited, Aspect House, Spencer Road, West Sussex, BN99 6DA.

Can I exchange my nominee account for a share certificate in someone else’s name?

The procedure is similar to ordering a certificate in your own name, but you need to
Download a different type of transfer form (type B) [PDF 45KB]

Please note that transfers may be subject to UK tax. Please refer to the explanatory notes on Stamp Duty Reserve Tax (SDRT) attached to the form.

Can I move my shares into another nominee service run by my broker or other custodian?

If your broker or custodian is also offering a share account service, you can transfer your shares out of the corporate nominee as long as there is no change in ownership.
Download the transfer form (type E) [PDF 38KB]

Please send completed forms to GSK's Registrars, Equiniti Limited, Aspect House, Spencer Road, West Sussex, BN99 6DA.

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.

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Contact our Registrars

If the FAQs above do not resolve your query you can contact our Registrars, Equiniti Limited:

Equiniti Limited shareholder helpline:

0871 384 2991 (inside the UK)

Calls to this number are charged at 8p per minute from a BT landline. Other telephony providers' costs may vary.

+44 (0)121 415 7067 (outside the UK)

or by writing to:
Equiniti Limited
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

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