Gus Shares

foreverfriend

Please please can someone help us decide what to do,

My husband works for Argos and 6 months ago he was given the options to buy Gus shares over a three year period, but now the companies involved are demerger, they have gave us 4 options what to do with the money/share we have already paid, they are as follow-

1= use your savings and interest upto and include your last august deduction to excercise your options when the court approves the demerger and recieve gus shares. you can then
sell the gus shares immediately or
keep the gus shares and go through the demerger process and recieve 1 arg share and 1 experian share for each gus share in the same way as shareholders.

2=contuine saving upto and include your last november deduction and then use your saving and intrest to exercise your option on the 3rd of january 2007
u will then recieve 1 arg share and 1 experian share for each gus share under options. u can sell the arg and experian shares immediatly or keep them

3=contiune saving and at the normal maturity date take your saving and tax free bonus
you will not be able to exercise your options and acquire any shares.

4=close your savings account and recieve a check for your savings and interest.
you will not be able to exercise your options and acquire any shares

this is all the information we have been given, if you can make any sence of it could you please please help us decide.

thanks tina

mhendo

Hi there,

I too had to make this desicion, for me numbers 3 and 4 were not an option to be because i'm terminating my employment with Argos in October.... Wooo Hooo

Lucky they are demerging at the right time for me, in the end I choose option 1 and will use my savings to buy the GUS shares and then sell the GUS shares straight after.

My thoughts on this scheme were that the interest the savings will make over the term isn't great, I was in it to make some cash.
Depends if you want to take the risk and turn your GUS shares in to Argos and Experian shares.

Personally I didnt want to take that risk, but it's up to you.


P.S - Read the Income Tax & Capital Gains Tax leaflets, Because I am excerising my option on the 4th October and either GUS will pay the Income Tax or I will and GUS will send a cheque to re-emburse me. (I think )