The easiest and lowest cost way to sell shares is online via the buy and sell pages of www.diageoregistrars.com. You will need your investor code (also known as your share reference number) in order to submit a sale. This number can be found on any recent dividend confirmation document or the service introduction communication sent to you in May 2016.
Details of commission rates can be found by logging on to the share portal, www.diageoregistrars.com. They will also be confirmed to you when you place a sale order.
Alternatively you can sell over the telephone by calling LINK on +44 (0) 371 277 1010 between 8am and 4.30pm, Monday to Friday (excluding bank holidays). Please note that the commission rate for sales made over the telephone is marginally higher.
If you would like to receive proceeds delivered electronically, a bank mandate will need to be set up on your account. This is the same mandate used to pay your dividends. You can check the current mandate that is held for you or add bank details to your shareholding by registering with www.diageoregistrars.com and clicking on 'manage your account'. If we do not have any bank details for you, sale proceeds will be sent in the form of a cheque to your registered address, first class.
The settlement period for all SIP5+ sales can be up to 5 working days from the date of the sale but this date will be confirmed to you once you have sold your shares. A contract note will be emailed to you or posted to your home address. To update your address with us, please change it via www.diageoregistrars.com or complete a change of address form.
Limit orders can be used to place 'sell orders' in anticipation of a rise in the share price or at a level where you're happy to take a profit. Limit orders can be useful if you do not have time to constantly watch the price of a share but want to ensure you can take advantage of a price rise.
Full terms and conditions and FAQs regarding the Capita dealing service can be found at www.linksharedeal.com/Diageo
Points to remember if you want to sell your SIP5+ shares:
- Know your investor code or share reference number
- Check the bank details that we hold for you
- Make sure you keep your address up-to-date. If we don't have your correct address, you will not be able to sell your shares.
Shares sold using the SIP 5+ service are sold directly from the SIP Trust and therefore are exempt from any Capital Gains Tax (CGT) charge. If you are concerned about CGT, please seek independent financial advice.
Please note that to sell SIP shares under 5 years old, you must still complete the relevant taxable sale form. You can either;
- scan and email the signed form to email@example.com
- Fax it to us on 0131 519 2011
- or post to: Diageo Shares Office, 5 Lochside Way, Edinburgh EH12 9DT
This is not a recommendation to buy or sell shares and this service may not be suitable for everyone. The value of your shares can go down as well as up and you may not get back what you invested originally. Terms, conditions and risks apply. This service is provided by LINK Asset Services which is a trading name of LINK Market Services Trustees Limited and is authorised and regulated by the Financial Conduct Authority.