Shares gone!

SRT

Hi,
I had a few shares (88) which were just sitting in my Halifax share account.
I had an email from Halifax to say a corporate action was occuring and I should check my "Important messages" on my account.
Well I did and there was nothing indicated to say I needed to do anything so I left the shares running.
Now I check my account and- yes the shares are gone!
So I am guessing they have been ?? by virtue of the corporate action which I knew nothing about.:(
I have emailed Halifax for explaination but it lookes like my loss?
Any ideas?
Thanks.
Stuart.

xmodz

shares for what company

IronWolf

What were the shares?

SRT

They were for "Progressive Digital Media".
Looks like they revalued them?
Stuart.

IronWolf

They did a share consolidation, 1 new share for 1000 old shares. For fraction holdings of less than 1000 shares you receive cash in lieu of those shares.

It's in their AGM notice here http://www.progressivedigitalmedia.com/docs/2013NoticeofAGMReportandAccounts.pdf

SRT

IronWolf Thanks for that- - hm wonder when Halifax will process that - - if ever.
1000 old shares and my 88 wont be much.
Thanks again for your speedy reply.
Stuart.

SRT

Just a heads up on the curious "missing information" and my reply from Halifax. They replied with what the corporate action was (as IronWolf stated), even after I told them the information was not there! So I went back to the site and magicaly its there:eek:
I also received a letter from Halifax this afternoon saying I had not accessed the information (that wasnt there;)) and advised me of my email etc and checking spam etc in case I had not had their email about looking in my IMPOTANT INFORMATION folder. Well, the thing is I screen printed the site this morning showing clear ABSENCE of any information :cool:and Ive notified Halifax of this and await their comments.I know I should have gone to the PRO company website to dig deeper but its a bit much if Halifax turn round and say its my fault for not reading advice on their website which wasnt there.I await their reply.
Stuart.