Viridian shares

porthenys

Viridian was privatised in 1993 when Northern Ireland Electcity. Does anyone know the exact date?

cheerfulcat

21st of June 1993. Do you happen to know the price at flotation ( someone else is looking for that )?

sashacat

I have just had a cheque for my viridian shares...have Capita bought them

cheerfulcat

No, Capita is the registrar. Viridian has been bought by a Bahraini bank.

porthenys

Thanks for that cheerfulcat, the price at flotation was £2.20

sashacat

thanks...so is the money that Capita sent me from this Bahraini bank to pay me for my shares....have I just sold them without knowing?

gt94sss2

sashacat wrote:

thanks...so is the money that Capita sent me from this Bahraini bank to pay me for my shares....have I just sold them without knowing?

Yes, all existing shareholders have sold their shares in Viridian

A couple of months ago, you should have received some paperwork saying an recommended bid was being made for the company via a 'Scheme of Arrangement' and asking you to vote on it.

The deal went ahead so ElectricInvest Acquisitions Limited (a subsidiary of Arcapita - the company which brought Viridian) purchased all the shares - hence the payment you recently received.

Regards
Sunil