Former International Power Shareholders

trukdiver

I rang Equiniti (0121 415 7047). They said they could reissue everything and I would be charged £40 for reissuing dividend cheques but no other charges. Prosearch wanted £146.....:eek:

cwiss123 wrote: »

The number to phone for the International Power help line is 0871 3842082.

The money owed to you is for International Power shares, the company was bought out last year and this is the value of your shares.

I gave them a call, they confirmed how much i was owed and said I would recieve a cheque for the full amount within 10 days. No charges, and it took 2 minutes. I never expected that!:j

p.s, i was never contacted previously about this, and havent changed address, i think someone forgot to send out the post!

JasGuin

I received a letter from ProSearch telling me that I was entitled to money from the completed acquisition of International Power shares because I was the executor of the Will of the sister-in-law of the original owner of the shares as she was his executor.
I was at first pleased but then suspicious, so I rang ProSearch and was assured that, as executor I was definitely entitled to this money. Still not convinced, I took legal advice and, as I suspected, I would only be entitled to this money if I had been mentioned in the original owner's Will; who I had never even knew existed, so clearly was not.
As far as I can see I am only entitled to claim this money as executor and then it would become incumbent on me to contact the rightful owners of this money and give it to them. Therefore, ProSearch have only told me I can have this money so that they can take their 'cut' and are expecting me to do the work for them. Not an honest way to do business

Biggles

It is the job of an executor to realise the assets of the estate to the best of their ability, regardless of whether the executor him/herself is likely to benefit. But if anyone did take a cut (tho, as you can see from the above, that need not necessarily be the case), the costs would be born by the estate.

Though I am unclear what you are saying. The original owner died; his sister-in-law then died and you are her executor? If so, regardless of whether she was his executor, what matters is whether she inherited those shares and thus whether they form part of her estate.

mcspillane

I have just received another letter from prosearch regarding International Power Shares stating that although International wrote to me at the time. They did not. I have emailed them asking how can I claim my monies a few times, but as yet received no reply. Can any body help me without my having to lose 12.5%.

eddyinfreehold

Biggles wrote: »

International Power was taken over last year, and a cash payment of 418p per share made to shareholders on 13 Jul 12.

If you didn't receive that, and still have the share certificate, it might be worth starting with the Investor Relations email on the site of GDFSuez (the new owners of the business): [EMAIL="ir@gdfsuez.com"]ir@gdfsuez.com[/EMAIL].

You certainly don't need to pay a third party 12.5%.

This is why I love the archive on MSE....

I have been trying to chase what I thought was a lost shareholding in my late father's estate. I could find no paperwork after 2011 for International Power although he regularly itemised his holdings on bits of paper and had listed "Equanity (formerly International Power) 205 shares" sic, on several tally sheets. All the other holdings he listed were exactly as we found and declared to HMRC but we could only assume without evidence this had been sold. Amongst 1000s of bits of paper I found a stub for a cheque paying in slip saying "Electric Power back SA" dated 18th July 2012 with a credit of £856.90.

Using simple maths and Biggles' price of 418p / share x 205 shares I get a sum of £856.90 .... a to the penny match for the credit and within 5 days of Biggles' date.

Thank you Sir, hats off, I can sleep easy in the fact we have declared the HMRC forms correctly and nothing is lost or outstanding. Neat :T