Nominee shareholder
Some investors may wish to keep their shareholdings confidential for personal or commercial purposes. This problem is often addressed through the use of our nominee shareholder service.
Our nominee shareholder, Clifford Nominees Limited, will execute a declaration of trust in favour of the true owner of the shares (called the 'beneficial owner') in which it agrees to exercise all voting rights and otherwise deal with the shares only in accordance with the instructions of the beneficial owner. The name of the nominee shareholder then appears on all public records relating to the shareholding.
Our nominee becomes the registered holder of the respective shares, and no record of the true beneficiary then exists on the public record. Unless required to do so by the Court or legally obliged to, we will not divulge the beneficiary's true identity to any third party without the express consent of the client. The beneficiary's interest is secured by the execution of a declaration of trust which binds our nominee accordingly, and gives the client full control over any future transfer of benefits derived from the shares in question.