British Steel shares - what can I do with them?

Pablohoney47

I have 500 shares in British Steel - I know Brit Steel merged to form Corus and are now, I guess, owned by Tata.

I have no idea what the bs shares are worth now - nothing, same as corus? Mores to the point - I don't know how to find out. I know nothing about this world so appreciate any tips in lay speak.

Many thanks in advance

Paul

Thrugelmir

Tata bought Corus and delisted the shares in April 2007.

As there's no longer a registrar for the shares.

Difficult to know where you should write to. I would suggest the Company Secretary.

Tata Steel Limited
Regd. Office: Bombay House, 24, Homi Mody Street, Mumbai-400 001.

oldvicar

I think you might just have a nice certificate to frame, although it would be nice if I am wrong.

oxfordrocks

TATA Steel Europe might be able to point you in right direction.

Tata Steel Europe
30 Millbank
London SW1P 4WY
United Kingdom
Phone: +44 (20) 7717 4444
Fax: +44 (20) 7717 4455

nilrem_2

I had some of these but if I remember correctly I received a letter at the time of the takeover advising me that I had no option other than to sell the shares as they had bought the requisite amount of shares to entitle them to take the lot!

That was a few years ago so maybe as another poster suggests you only have a nice certificate with no value?

FWIW this also happened with some other shares that I owned from the public sell offs, TBH I was a bit miffed that they could just take them off me when I did not wish to sell!

JoeCrystal

Well, that does not make sense. Surely, as Nilrem did get some money from takeover. If Pablohoney47 does really have 500 shares in Corus then it worth a cheque of £2,275. Hopefully, Pablohoney47 will get it! Found out that takeover deal was 455p.

EDIT: Hang on, it was 608p after the auction process! So it is worth £3,040 instead.

Or it is really a case of that if they don't have the register, they can forget about paying the rest?

Cheers,
Joe

thenudeone

If the shares were forcibly acquired following a stock market takeover, yet some shareholders couldn't be contacted, there will either be a pot of shares or a pot of money somewhere just waiting to be claimed.