Andy B Posted May 5, 2016 Share Posted May 5, 2016 Can anyone advise the best/easiest way to sell Santander shares from OZ. We moved here 12 years ago and had some free shares from the Alliance and Leicester sell- off which became Banco Santander. We now want to sell them but have been told by Santander that we cant as we are not Uk residents . They say the only way is to transfer them to someone in the UK which is a very lengthy process and get that person to sell them for us and send us the proceeds.Has anyone else been in the same situation and maybe found an easier way? Quote Link to comment Share on other sites More sharing options...
Ken Posted May 6, 2016 Share Posted May 6, 2016 I'm assuming you're referring to some scheme whereby Santander offer a commission free sale to UK residents? You don't need the permission of the company to sell their shares. Any stockbroker will be happy to help (but for a fee). Quote Link to comment Share on other sites More sharing options...
Andy B Posted May 6, 2016 Author Share Posted May 6, 2016 Thanks for the reply Ken. When I contacted Santander they said there was a fee of GBP 12 to sell and that because we are outside the EU we cant sell without a EU address. The shares are not worth much and I just want to offload them but will try your suggestion and find an Aussie stockbroker and see what they say. Quote Link to comment Share on other sites More sharing options...
Wan2go Posted February 16, 2017 Share Posted February 16, 2017 (edited) Hi @Andy B Did you get anywhere with this? I have just encountered the same problem!! And not being a high flying stock broker type am completely flummoxed for now...... Edited February 16, 2017 by Wan2go Quote Link to comment Share on other sites More sharing options...
Andy B Posted February 23, 2017 Author Share Posted February 23, 2017 Not really. I contacted a stockbroker in Melbourne who wasn't really interested and said the fees to sell would nearly outweigh the value of the shares so haven't made much progress. Quote Link to comment Share on other sites More sharing options...
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