What is the M&G Share Exchange Scheme?
As a shareholder of individual company shares, you will know the potential advantages of investing in equities.
You may also be aware of the characteristics of holding individual shares directly. A portfolio that is made up of just individual company shares:
- leaves your investment exposed to a greater degree of risk;
- is more expensive to buy and sell; and
- does not provide you with the extensive research capabilities that can be provided by an investment management company like M&G.
The M&G Share Exchange Scheme offers you an easy and inexpensive way to turn your shares or gilts into an investment in M&G’s fund range – either directly or through an ISA – so you can enjoy all the advantages of a ‘pooled’ investment.
How does it work?
- This scheme is open to gilts and shares listed on the London Stock Exchange;
- Send your documentation to The Share Centre, M&G Share Exchange, Oxford House, Oxford Road, Aylesbury, Buckinghamshire HP21 8SZ;
- The Share Centre sells the shares on your behalf at the prevailing market bid price on the day your documents are received;
- The proceeds are then forwarded to M&G, who invest them into the product/fund of your choice (usually 3 days later); and
- You then receive your contract note/acknowledgement. The note from the sale of the shares is sent from The Share Centre and M&G send the note/acknowledgement for the investment.
- You can ask us to sell only part of your securities and we will send you a balance certificate for the remaining shares and any fraction of a share will be sent back to you as cash.
What can you invest into?
- Your proceeds can be invested into a lump sum OEIC, an ISA or a Savings Plan.
- The minimum investment under the scheme is £1,000 and if the investment is made into a new holding an application form will be required.
- All investments will be subject to the normal initial/redemption charges (if applicable).
