Transferring Shares

This article explains how to request a share transfer and the key information involved.

Note: Crowdcube can only transfer shares held under the Nominee. For direct investments, you will need to contact the company. Please check your 'Statement of Beneficial Ownership’ located in your portfolio to see if your shares are under the Nominee.

Information Required for a Share Transfer

Before we can proceed with a transfer, we require the following details:

1. The Transferor (Person requesting the transfer)

• The email address associated with the account holding the shares.
• A copy of your ID (Click here to see what documents we accept).
• A photo of you holding the ID next to your face.
• Proof of your authority to request the transfer (if you are not the beneficial owner).

2. The Transferee (Person Receiving the Shares)

• The email address associated with their Crowdcube account.
• Sign an agreement to Crowdcube’s investor terms (Click here for form).

In order to receive the shares, they will need to successfully pass our standard AML (Anti-Money Laundering) check. This is usually done automatically, though we may need to contact the transferee for additional documentation if required.

If you are transferring shares involving a company, please see the help article here.

3. The Shares (Details of the Transfer)

• The company in which you wish to transfer shares.
• The quantity of shares to be transferred (this may be a portion or the entirety of your holdings).

4. The Letter of Direction (Authorising the Transfer)

To authorise the transfer, you will need to submit a Letter of Direction (Click here for form). This is an official document which grants us permission to proceed with the transfer. The letter must be fully completed, signed (electronically or physically), and dated on the day of your transfer request.

We cannot process the transfer unless all required information is correct and complete.

Upon submission, our processing timeline is within 7 working days.

Fees

There is a flat fee of €15 for transferring shares from one company. If you wish to transfer shares from additional companies, there is an extra fee of €5 per additional company.

For example:

• If you are transferring shares from one company, the fee is €15.
• If you are transferring shares from three companies, the fee will be €15 plus an additional €10 (€5 for each of the two extra companies).

Important Considerations

In certain cases, a company's Articles of Association may impose restrictions on share transfers, requiring company approval. This could impact the timeline for completing the transfer. If this is the case, we will confirm this with you once your request has been submitted.

Crowdcube cannot handle payments associated with share transfers. Any payment arrangement between the transferor and transferee will need to be handled privately and independently.
Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Please note the transfer will not be accurately displayed via the portfolio but the correct statements will be issued upon completion.

All required documents and templates are available as attachments to this article. Please submit the required, complete and correct information to transfers@crowdcube.com to request your transfer.