NR share compensation scheme Letter

JayTee99_2

anyone else received this letter?, certainly looks genuine..

Dear Sir or Madam (yeah, really, but my full name/address at the top)

Independent Valuation under the Northern Rock plc Compensation Scheme Order

I was appointed by HM Treasury on 8 September 2008 as Independent Valuer under the Northern Rock plc Compensation Scheme Order 2008. It is my role to determine the amount of any compensation payable by HM Treasury to the persons secified in Part2 of the Compensation Scheme.

The role of the Independent Valuer os to conduct a fair, open and transparent valuation in accordance with the Compensation Scheme.
It is consistent with this role that i proceed with reasonable speed.

In order to assist me in my role I have assembled a team of people to support me, including,

• my team of valuation experts at BDO Stoy Hayward LLP,
• Panmure Gordon & Co who will support me by providing such information concerning the banking, securities and financial assets markets as I may consider necessary or helpful to enable me to undertake the valuation, and
• Mayer Brown International LLP who will provide me with legal advice as I require it.

4 pages in all,
makes a reference to here




separate website setup, recently registered
at the bottom of page

This is not a Northern Rock website. Northern Rock plc is not responsible for nor has it approved the content of this website. This website is owned by BDO Stoy Hayward LLP. Its purpose is to provide information to shareholders and other interested parties regarding the work of the independent valuer under the Northern Rock Compensation Scheme.

bristolleedsfan

http://en.wikipedia.org/wiki/BDO_Stoy_Hayward

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4710083.ece

JayTee99_2

Thanks for that blf,
those links answer the question nicely

i thought maybe it was a pressure group forming a case against the govt, but those links show that this is indeed the agreed process initiated by the govt.
So will wait and see. Thanks.

oldagetraveller

If that is an exact copy of the letter then I would be very suspicious. There are some very unprofessional errors in both spelling and grammar - eg. "os", "i", "secified".
I'd want to check it's authenticity carefully before submitting any details?

JayTee99_2

Thanks for that, well spotted,
the 'secified' and ' os' are my typos

but i'm not responsible for any grammatical errors in the letter, although plenty elsewhere

i believe it is genuine, but thanks for raising doubts and the possibility of being otherwise.

Inactive

Glad it wasn't just me that spotted those errors, it mirrors a lot of spam emails that we all get.

Also, it just doesn't seem to be worded correctly, I cannot put my finger on what exactly is wrong, it just doesn't read correctly to me.

JayTee99_2

it read slightly odd to me when i first opened it, which is the reason i posted the question to see if anyone else had received it.

this is not an email, but a letter correctly addressed to myself,
there are 4 pages in all explaining the valuation and consultation process and asking for my input,

But cross-referencing with the govt website laying out the NR compensation scheme, together with the links from blf, do show that Andrew Caldwell, who sent the letter, is indeed the 'Independent Valuer appointed by HM Treasury under the Northern Rock plc Compensation Scheme 2008"


this is the govt website which announces the scheme

http://www.opsi.gov.uk/si/si2008/uksi_20080718_en_1

but i admit i was a little sceptical at first, thinking it may have been the intention to form a pressure group to lobby the govt.

AirlieBird

If you are worried about the authenticity of this letter then send an email to [EMAIL="northern.rock@bdo.co.uk"]northern.rock@bdo.co.uk[/EMAIL].

I got this email address from the HM Treasury press release.

angel69_2

Any advice iro the above letter?
I rec'd one yesterday, do we write to them or sit back and wait?

bristolleedsfan

angel69 wrote: »

Any advice iro the above letter?
I rec'd one yesterday, do we write to them or sit back and wait?

I received mine yesterday as well, best to just sit back and wait for likely notification in due course that our NR shareholdings are virtually worthless. :embarasse