The Lemon Fool

oxmatt wrote:Yes - for all of Northern 1, 2 and 3.

Surname near the end of the alphabet.

onslow wrote:
Thoughts?

onslow wrote:Interesting - I never received the replacement share certs for my holdings in the 3 Norther VCTs.

Ive tried to deposit the certs & sell these VCTs with Jarvis, however of course they are saying I need to send them the new certs - which I dont have.

After speaking to the VCT and their new registrar apparently I need to pay a £25 fee per certificate as its considered that I've lost the originals, and thus need to fund replacements.

I'm tempted to actually make some noise and issue regarding this - they have unilaterally cancelled the certs, I haven't received replacement and if they insists on me paying the £75 I'll go to Small Claims Court to seek a refund along with any court costs. My issue is with the VCT as it was there decision to change registrars and ultimately reissue share certificates.

Thoughts?

If you have any questions regarding your replacement share certificate, please contact Mercia via email at vctshareholderenquiries@mercia.co.uk

Kidman wrote:I am a Northern VCT 3 shareholder who did not receive a replacement share certificate.

At present I am not considering selling my shares but am concerned that this could be difficult given the posts on this thread.
There must be many shareholders who have not received a new share certificate and don't read these posts. They could be in for a shock some time in the future.

Perhaps all of us who have any holdings where we have not received a new share certificate should be writing to the Registrar and Mercia asking them to clarify the position?

scotia wrote:

Kidman wrote:I am a Northern VCT 3 shareholder who did not receive a replacement share certificate.

At present I am not considering selling my shares but am concerned that this could be difficult given the posts on this thread.
There must be many shareholders who have not received a new share certificate and don't read these posts. They could be in for a shock some time in the future.

Perhaps all of us who have any holdings where we have not received a new share certificate should be writing to the Registrar and Mercia asking them to clarify the position?

I didn't receive a replacement certificate for my Northern 2 VCT - so I assumed it was OK. It's 5 year hold is up at the beginning of April, and my normal practice is now to shift such end-of-5yr-hold VCTs into non-certificated form with Hargreaves Lansdown. So sometime in early April I will find out if there is any problem. All of my Northern 3 VCT share certificates were re-issued as a single "new" certificate, but it replaces former components which were issued at various times, with the last one due to reach its 5 year hold next January.

Kidman wrote:Ths morning I received a letter from City Registrars addressed to holders of any of the Northern VCTs.
It requested details of tax identifers, e.g. National Insurance numbers, for FATCA/CRS purposes.

I have had the odd one or two of these for non-VCTs but it seems a bit daft to do this for a VCT when we have to give our NINo in all the share applications.

Northern VCT/City Registrars wrote:Dear Shareholder,

Companies: Northern Venture Trust PLC
Northern 2 VCT PLC
Northern 3 VCT PLC

Individual Holder Tax Residency Self-Certification Form – Action Required

We are writing to you because you are or have been an investor in one or more of the above Companies (the “Companies”) in the last tax year. The law requires us to collect, retain and report certain information about our investors, including their tax residency, to comply with the tax reporting regulations set out by the Foreign Account Tax Compliance Act (FATCA) and/or the Common Reporting Standard (CRS), commonly referred to as the Automatic Exchange of Information (AEOI).

As an investor you are required to provide certain information to the Company, including your country/ies of residence for tax purposes. If your declared country/countries of residence for tax purposes is/are not the same as that of the Company and is/are either the US or on the Organisation for Economic Co-operation list of countries which have agreed to exchange information, the Company will be obliged to share this information with its local tax authority, which may then share it with other international tax authorities.

What you need to do

Please complete the attached Tax Residency Self-Certification Form and return it to us either by email at northernvcts@city.uk.com or via post to the address above.

Please note that:

• All investors are treated as individuals for these tax purposes; therefore, the form must be completed by all parties associated with this shareholding.
• If you fail to provide this information, the Company may be legally obliged to report details of your investment, dividend income and any interest earned to the relevant tax authority.
• If any of the information about your tax residency changes, you are required to provide the Company with a new, updated, self-certification form within 30 days of such change in circumstances.

To assist your understanding of what FATCA and CRS means to you, we have included some Frequently Asked Questions which may answer any queries you may have along with the tax residency form.

Please be advised that if you have recently sold your shares, you are still required to complete a tax residency self-certification form, as the Company may still be required to report details of your account in the reportable tax year.

If you have any questions about how to complete this form, or about how to determine your tax residency status, you should contact your tax adviser as we are unable to provide tax advice.

Yours sincerely,

Danielle Myring
Director of Registrar & Receiving Agent Services

Kidman wrote:Ths morning I received a letter from City Registrars addressed to holders of any of the Northern VCTs.
It requested details of tax identifers, e.g. National Insurance numbers, for FATCA/CRS purposes.

I have had the odd one or two of these for non-VCTs but it seems a bit daft to do this for a VCT when we have to give our NINo in all the share applications.

yorkshirelad1 wrote:Me too.
E-mail from Northern VCTs (or more correctly, their Registrars, City).
(E-mail sent on 3 May 15:31, Friday afternoon before a bank holiday, and also diverted into my spam folder ....: not likely to get any prompt attention....)
Not the one about share certificates, but this time about FATCA
(snip)

yorkshirelad1 wrote:
I've just phoned City Registrars and it seems all they wanted was my DoB and Nat Ins number which I gave them over the phone, and that's all they wanted. Saved a lot of form filling and faffing around.