A Savills shareholder has died. What should I do about their shareholding?
Please contact: Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA (tel. 0871 384 2018). You will normally have to produce a sealed copy of a Grant of Probate (Confirmation in Scotland) or Letters of Administration to the Registrar. However, if the total value of the estate is less than £5,000 then, in certain circumstances, a special small estates procedure may be adopted.
To avoid confusion around this time, prices are sometimes quoted 'cum dividend' (meaning 'with dividend') which means that the buyer will be entitled to the next dividend payment and the share price has not been adjusted.