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ASDA sharesave scheme
vic40
Posts: 1 Newbie
Hi, I haven't posted before so not sure what to do.
My Mum bought some ASDA shares in the sharesave scheme when she worked for ASDA in the 1990s, she forgot about them until recently, and decided she would get in touch with ASDA with a view to selling them. (she had 266 shares) she has received a letter today to say they were sold in 1999 without her authorisation at a price of 220p per share, she has received a cheque for £130 + £8 dividend. Obviously the maths doesn't add up, although I'm not sure of costs involved but also are they allowed to sell her shares without her permission. Many Thanks Vic40.
My Mum bought some ASDA shares in the sharesave scheme when she worked for ASDA in the 1990s, she forgot about them until recently, and decided she would get in touch with ASDA with a view to selling them. (she had 266 shares) she has received a letter today to say they were sold in 1999 without her authorisation at a price of 220p per share, she has received a cheque for £130 + £8 dividend. Obviously the maths doesn't add up, although I'm not sure of costs involved but also are they allowed to sell her shares without her permission. Many Thanks Vic40.
0
Comments
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Walmart bought Asda in 1999.
So that's when and why her shares were sold. Perfectly legal.
Why the cash has fallen in value, I have no idea. The phone number on the letter would be a good starting point.0
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