N Electric Shares : Shareholder Partnership

KK21_2

I have just had an 'out of the blue' phone call from 'The Shareholder Partnership'

Some shares my elderly father has, Northern Electric are no longer valid, as the company was bougt out by another organisation. All previous shares were bought out.

According to the company, my father is due money for his shares, which is of course nice to hear.

However, for the privilege of doint the work, there would be a fee involved.

Total selling price (two claims) comes to £ 1,890

Total fee comes to £ 276

This seems very steep to me

Any advice would be welcome

Many thanks !

gt94sss2

You/your father can claim any money owed to him directly instead of going via the 'The Shareholder Partnership'

What you need to do is contact the Share Registrar of Northern Electric and ask the for any money owing to you due to the fact that they were purchased.

If your father has the share certificate, the Registrars details will be on it - if not..

The 3 main Registrars in the UK are:

LLoyds TSB Registrars (http://www.lloydstsb-registrars.co.uk/)
Capita (http://www.capitaregistrars.com/)
ComputerShare(http://www.computershare.com/)

contact each one and ask if they were the share registrar for that company or not.

You are likely to receive all your money (no charges) unless you need to produce a share certificate and you don't have it (not always needed)

A lot cheaper than going via a 3rd party like the 'The Shareholder Partnership'

Regards
Sunil