shares - why is 0.32 written on share cert?

[madmum]

Hi all
DH and I have been given 792 Irish life and permanent plc shares by family, and on the "cert" it states that they are Ordinary shares of €0.32 each.

does this mean that they are worth 0.32 each so 792*0.32 = €253.44? Or should we be looking elsewhere for the share price? If so, why is 0.32 written on the transfer of ownership certs?

thanks- sorry if the questions is very basic but we are complete newbies at this
x

 

[ClubMan]

does this mean that they are worth 0.32 each so 792*0.32 = €253.44?

No.

Or should we be looking elsewhere for the share price?

Check the IL&P website, ISE website or the newspaper listings for the daily share price.

If so, why is 0.32 written on the transfer of ownership certs?

I think it represents the portion of the original share capital that the share represents or something like that. I believe that it's academic as far as any individual shareholder is concerned.

 

[madmum]

Thanks Clubman!

 

[efm]

Clubman is correct - the 0.32 cents figure is called the "par" value and is only of interest to accountants when completing the financial accounts

 

[ClubMan]

More info on par value from Wikipedia.