What are the important things to remember about the share register when buying or selling Daimler shares?
Daimler AG shares are registered shares. That means that they bear the owner’s name. In the case of stock held in a collective securities account, share transfers take place by the sale and updating of the relevant portfolios. In the case of physical stock certificates, transfers are usually made by reaching an agreement, handing over the securities, and placement of a transfer declaration on the reverse of the stock certificate. Vis-à-vis the Daimler AG the transfer also has to be entered in the share register to enable the company to communicate directly with the shareholder. The banks participating in transmission or safekeeping are obliged to deliver the necessary data for the share register to Daimler AG. In this context, bank fees may not be charged to the bank customers.
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