JP Morgan Cazenove
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- Investor Relations
- Shareholder Services
- Low cost Share Dealing
- Cazenove
Daily Mail and General Trust plc has arranged with its brokers JPMorgan Cazenove, to provide you with a simple, low cost share dealing service for 'A' Ordinary Non-Voting Shares in Daily Mail and General Trust plc.
The main features are:
+ A basic commission of 1% on both purchases and sales (subject to minimum commission of £10 per transaction)
+ Reduced commission rates for transactions over £5,000
+ No minimum investment
Terms and Conditions
1. All transactions will be undertaken on an "execution-only" basis. This means JP Morgan Cazenove cannot give you any investment advice on transactions. Nor will JPMorgan Cazenove be able to provide any other services under this agreement. If you are in any doubt about what action to take you should consult a financial adviser.
2. JPMorgan Cazenove will effect transactions at the best price reasonably attainable in the market at the time of dealing in accordance with the best execution rules of the Securities and Futures Authority. Transactions may be aggregated with those of other clients for execution. On some occasions this may result in a more or less favourable price than might have been achieved had your order been effected separately.
3. If you wish to BUY Daily Mail and General Trust plc (Daily Mail) shares, simply complete the SHARE PURCHASE FORM (available from JPMorgan Cazenove, 020 7606 1768) and return it to Cazenove with your cheque. If you wish to SELL Daily Mail shares, simply complete the SALE REQUEST FORM (available from JPMorgan Cazenove, 020 7606 1768) and return it to JPMorgan Cazenove with your share certificate. If you do not have your share certificate, you should contact Daily Mail's Registrar. If you have any queries about the Dealing Service, please contact the Shares Schemes Department at JPMorgan Cazenove at the above address.
4. Subject to clause 2, purchases will be undertaken as soon as practicable after JPMorgan Cazenove have received a fully completed and signed Share Purchase Form and your cheque. Normally shares will be purchased on the day these documents are received. Please note that you cannot stipulate the number of shares to buy, only the sum to be invested.
5. Share certificates will normally be dispatched in respect of purchases by the Daily Mail's Registrar to your home address within fourteen days of the purchase.
6. Shares will normally be sold on the day a fully completed and signed Sale Request Form is received together with your share certificate. A postdated cheque for the proceeds, less commission and charges, will be dispatched to you prior to Settlement day. If you wish to sell only part of your holding, a balance certificate for the remaining shares will be forwarded to you once it has been received from Daily Mail's Registrar (normally within fourteen days from settlement day).
7. Following the transaction, a contract note stating the price at which the shares were purchased or sold and the associated charges will be issued to you by JPMorgan Cazenove. You should retain this for tax purposes. Dealings will be undertaken in accordance with the London Stock Exchange's normal settlement arrangements.
8. Stockbroking commission will be charged at the rate of 1% up to £5,000 of the value of the shares bought or sold (subject to a minimum commission of £10 per transaction). Commission on the next £145,000 will be at the rate of 0.5% and at 0.3% for amounts thereafter. Share prices attract stamp duty currently at the rate of 0.5%. Under the existing regulations, transactions in excess of £10,000 attract a levy of 25p payable to the Panel on Take-overs and Mergers. These charges are correct at the time of printing and may be subject to change in the future. As JPMorgan Cazenove cannot purchase fractions of shares, the number of shares PURCHASED will be rounded down to the nearest whole number. Any balance of funds amounting to £1 or more resulting from this rounding will be returned to you by cheque with your contract note. Any balance under £1 will be retained by JPMorgan Cazenove.
9. JPMorgan Cazenove will act for you in accordance with the instructions given on your Share Purchase Form or Sale Request Form and will not be required to nor seek your further instructions, either before or after effecting the transaction on your behalf.
10. Please note that the price of shares and the income derived from them can go down as well as up and investors may not get back the amount invested. Please also bear in mind that share prices can alter significantly between the time when you decide to deal and the time when the shares are bought or sold. You should also be aware that the newspaper prices are the closing middle market prices, if they state 1700p, this may mean that yesterday's closing selling price was, for example 1680p and the buying price was 1720p.
11. Neither JPMorgan Cazenove nor Daily Mail and General Trust plc can accept responsibility for documentation lost or delayed in the post.
12. Any documentation received by JPMorgan Cazenove which is either incomplete or incorrect will be returned to your address without any transaction taking place.
For further details about the Daily Mail and General Trust plc Share Dealing Service, please contact:
JPMorgan Cazenove
20 Moorgate
London EC2R 6DA
Tel: 020 7606 1768
This publication has been approved by JPMorgan Cazenove, a member of The Securities and Futures Authority and of the London Stock Exchange. JPMorgan Cazenove, 20 Moorgate, London. EC2R 6DA.