Change of Registrars22 Jul 2017 15:36
Yesterday I received my Share Purchase Statement from M&S registrars, Equiniti, confirming the purchase of additional shares under the DRIP Scheme, just 5 working days after dividend payment date and delivered to Ireland.
SL registrars, Capita, on the other hand require close to a month to carry out the same process!! It makes no sense.
Capita state that it is due to the amount of shares that need to be purchased and then allocated. With M&S's vast army of retail investors, I cannot imagine that Equiniti are purchasing any less, so a poor excuse and bad administration from Capita I feel.
A new registrar is required by SL, hopefully Equiniti!