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Scottish Power/Iberdrola shares
JohnB69
Posts: 41 Forumite
I owned 338 shares in Scottish Power before the takeover by Iberdrola.
My records show that I now own 220 Iberdrola CDI's.
I thought at the time that my SP shares were converted to the Iberdrola ones but I have now recieved a letter from Georgeson ( a specialist trading company appointed by SP ) telling me that I am entitled to a £1368 entitlement that has not been claimed.
This is the first I have heard of this entitlement. The letter also claims that Georgeson will take 10% of the money for administration and that the service will operate until the 7th of November.
Can anyone enlighten me about this. Is it genuine? Why am I only hearing about it now? If I claim do I still have my Iberdrola CDI's and can I get the cash without having to pay the 10% admin fee?
Any information would be greatly appreciated.
Thanks
John
My records show that I now own 220 Iberdrola CDI's.
I thought at the time that my SP shares were converted to the Iberdrola ones but I have now recieved a letter from Georgeson ( a specialist trading company appointed by SP ) telling me that I am entitled to a £1368 entitlement that has not been claimed.
This is the first I have heard of this entitlement. The letter also claims that Georgeson will take 10% of the money for administration and that the service will operate until the 7th of November.
Can anyone enlighten me about this. Is it genuine? Why am I only hearing about it now? If I claim do I still have my Iberdrola CDI's and can I get the cash without having to pay the 10% admin fee?
Any information would be greatly appreciated.
Thanks
John
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