We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

ProSearch

I have a letter from ProSearch telling me I am owed £248.56 from a takeover of Centrica by the AA in 1999. Does anyone know if this is genuine or is it a scam to get either money ('admin fees' or my details).

Comments

  • Browntoa
    Browntoa Posts: 49,620 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 September 2010 at 12:20PM
    did you have centrica or AA ( or AA member in 1999) shares ??

    if so then contact the registrar direct from the details on your shareholding documents

    don't pay them for the honour

    and I think Centrica bought the AA

    http://www.theaa.com/aboutaa/history.html

    In 1999, we set a new standard for the breakdown and recovery industry and came first in the annual JD Power survey of UK roadside assistance providers.

    Later that year, members voted overwhelmingly in favour of the AA demutualising and joining the Centrica group in a £1.1 billion acquisition

    The following questions and answers will address most of your queries regarding the special share dividend and share consolidation. If you have any further queries, please call the shareholder helpline on 0871 384 2985*.


    As a Shareholder, what will I receive/how do these proposals affect me?

    Centrica announced on 1 July 2004 that, subject to completion of the sale of the AA, a special dividend of approximately 23 pence per share will be paid to shareholders. This payment will be accompanied by a share consolidation, whereby new ordinary shares will be issued to replace the existing ordinary shares in issue
    Ex forum ambassador

    Long term forum member
  • Browntoa
    Browntoa Posts: 49,620 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    you can probably sneak round them and get it for free by calling Centrica's registrars, Equiniti, as below:

    Equiniti
    Aspect House
    Spencer Road
    Lancing
    West Sussex
    BN99 6DA
    Email: [EMAIL="centrica@equiniti.com"]centrica@equiniti.com[/EMAIL]

    Centrica helpline
    +44 (0)871 384 2985

    dig out some details of your old addresses, old AA membership etc. before you call them
    Ex forum ambassador

    Long term forum member
  • Called Equiniti, very helpful and sorted out in 5 minutes. There is a £11.75 charge for the "re-issue" of the cheque, much less than the £26.38 charge for Prosearch!

    Result!!!!
  • roaima
    roaima Posts: 7 Forumite
    Part of the Furniture Combo Breaker
    I received the letter from Prosearch and duly sent off my form. Back in September. It's now January and I've still received no cheque. Am I alone or are you all still waiting too?

    Thanks,
    Chris
  • I'd remind them if I were you. The letter may have been lost in the post.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.