Unlisted Shares - Dyson

hamiltonph

Hi,
Some time ago (2006) I made the rather dubious decision to open a share dealing mini ISA. Part of the portfolio that I chose included a number of shares in Dyson, which subsequently became de-listed from the LSE. The shares got moved to my Nominee account.

My question is, how do I find out what they are worth and how could I sell them if desired? I know they must be worth something, as they still pay a dividend from time to time.

I would like to find alternatives to 'blind trusting' my provider, because .... its a bank. Need I expand?

Any help would be appreciated.

Peter

Biggles

Your best bet is to ask Dyson.

At the time they delisted, they did talk about arranging for shares to be traded via a matched bargain facility of some sort, only they will know if they did. There's probably contact info on their website.

hamiltonph

My Email seems to have disappeared down a well, though their website seems more geared to product enquiries.

Jegersmart

This?

http://www.dyson-group.com/pdfs/Proposed%20Capital%20Reduction.pdf

J

Biggles

Jegersmart wrote: »

This?

http://www.dyson-group.com/pdfs/Proposed%20Capital%20Reduction.pdf

That was the delisting the OP referred to.

atush

you could try calling them, or writing with pen and paper, the old fashioned way?

hamiltonph

Thanks all. For those interested in the result:

Settlement and trading of D Ordinary Shares


In order to provide an opportunity for Shareholders to trade D Ordinary Shares, the Company hasappointed the London Matched Markets Exchange Limited (a company registered in England & Wales
Company No: 08014724) to provide a matched bargain share dealing facility (the “Share Dealing Facility”). A shareholder wishing to buy or sell D Ordinary Shares may be able to do so by contacting their existing stockbroker, who in turn will contact theLondon Matched Markets Exchange Limited to establish a corresponding seller or buyer of the D Ordinary Shares. The indicated price of D Ordinary Shares, along with a history of transactions, will be available from the London Matched Markets Exchange Limited website which is located at via (http**w$w*lmmx*co*uk(sorry - stupid forum rules on links). To access this information, Shareholders will first need to register as a user on the website. To speak to the London Matched Markets Exchange Limited regarding the Share Dealing Facility, D Ordinary Shareholders should have their broker call (+44) (0)207 469 0938. Shareholders should note that the London Matched Markets Exchange Limited will not be able to provide any advice in relation to the merits or suitability of investing in D Ordinary Shares of the Company. If you are in any doubt as to the action you should take, you are recommended immediately to seek your own personal financial advice from your stockbroker, bank manager, solicitor, accountant or other independent professional adviser duly authorised under FSMA if you are in the United Kingdom or, if not, another appropriately authorised independent financial adviser.

The address of the London Matched Markets Exchange Limited is 4 Old Park Lane, London W1K 1QWQ.

Shareholders should note that the Share Dealing Facility is not an investment exchange of any kind whatsoever, nor a public market, nor is it recognised or designated by the Financial Services Authority or any other regulatory authority anywhere in the world. Transactions in D Ordinary Shares effected via the Share Dealing Facility will be conducted “off-exchange”. Furthermore, Shareholders should note that the liquidity in the D Ordinary Shares offered by the Share Dealing Facility is likely to be extremely limited.

For the avoidance of doubt, the above paragraphs do not constitute an offer to sell or an invitation or solicitation to purchase or subscribe for any securities in the Company.

Jegersmart

Biggles wrote: »

That was the delisting the OP referred to.

Yes, there was some contact details there, but thanks for your input.

More details have now been found so hopefully the OP will get it sorted, although from what I read I would not expect that much......?

J

Biggles

It seems that in 2010, as promised, Dyson appointed JP Jenkins to provide matched bargain trading, and they became London Matched Markets Exchange.

Looks like the latest traded price of Dyson shares was 7p - though they only seem to trade about once a year!
http://lmmx.co.uk/companies/profile/dyson-group-plc/

hamiltonph

Jegersmart wrote: »

Yes, there was some contact details there, but thanks for your input.

More details have now been found so hopefully the OP will get it sorted, although from what I read I would not expect that much......?

J

you and me both.