Equiniti is delighted to announce that following a proactive outreach programme to shareholders, it has raised £657,000 via donations of unwanted shares to charity through its Postal Share Dealing service in 2017.
Customers of Equiniti’s clients were offered a special service where they could buy more shares, sell their investments or make a donation to charitable causes.
Equiniti waived all fees from trading the shares in order to maximise the charitable contributions and encourage shareholders to donate. This made the process particularly appealing to those with very small investments – a single share, for example – which would have been wiped up with the transaction costs.
Shareholders are also keen to donate their shares as it represents a simple way of giving to charitable causes, while many have either forgotten they held the shares or they were inherited and, in both cases, they no longer know what they should do with them.
Neill Sullivan, Senior Manager of Investment Services at Equiniti, commented:
“I am very pleased to say that this charitable giving is just part of our job as we help investors either find valuable uses for unwanted or low value holdings, or make generous share gifts. In 2015 we donated £404,000 to Sharegift, this increased to £615,000 in 2016 and we have now exceeded that with a staggering £657,000 in 2017, which we are exceptionally pleased with.
“Our employees across Sussex are committed fundraisers and have climbed, cycled and ran marathons for many worthwhile causes, we have even attempted a Guinness World Record football match. This year we have contacted millions of shareholders and assisted them in donating their shares to charity – next year we hope to raise even more!”
For more information:
Temple Bar Advisory:
Tel: 07827 960151 / 07769 655437
Notes to Editor:
Equiniti is a specialist outsourcer delivering technology-enabled solutions to some of the best-known brands and public-sector organisations in the UK, including c.70 of the companies in the FTSE 100.
It is the UK’s leading provider of share registration and associated investor services, and also has market leading positions in administration of employee share plans, pension administration and software, and employee benefit schemes.
Equiniti’s services, which are delivered by over 4,300 employees, benefit 28 million people in the UK and 120 countries around the world.
Equiniti enables charity to happen through the services we offer, giving our clients the opportunity to donate.