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Advice about some shares please

2»

Comments

  • Pinkle
    Pinkle Posts: 43 Forumite
    Rampant Recycler
    Metermaid wrote: »
    The company DragonOil has been taken over by Emirates National Oil company, I mistakenly used the term dividend, re-reading the letter it's termed as 'unclaimed entitlement' as a former DragonOil shareholder

    Yup, OK, so my speculation that you have been bought out was correct.

    Well done! You seem to have made a profit. And you have sought advice on here. Well done twice.

    Other will advise whether you can avoid the 15% charge. I guess you have moved house?
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You don't need to pay Capita, although you might prefer to have it handled professionally by them.

    https://forums.moneysavingexpert.com/discussion/5359191
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    Looks like Dragon Oil was bought, and delisted in September.

    Presumably your shares were forcibly sold, and they just want to give you the proceeds, minus 15% admin charge.
  • Metermaid
    Metermaid Posts: 94 Forumite
    Excellent, yes indeed we have moved...several times! Thanks everyone for the help and links - much appreciated :) excited now!!
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    In 2014 and 2013 (at least) Dragonoil paid a dividend as well.

    So you are owed both the sale price of the shares and the missed dividends over the years. Capita Asset Services, Shareholder solutions (Ireland) handle the dividends as well.

    See http://www.dragonoil.com/investors/dividend-information/
  • Metermaid
    Metermaid Posts: 94 Forumite
    Thank you so much - I have just contacted them and I am owed circa £600 in unpaid dividends! I would never have been aware of this without your kind message.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    Okay I was wrong this time, well done on your good fortune

    fj
  • Metermaid
    Metermaid Posts: 94 Forumite
    bigfreddiel wrote: »
    Okay I was wrong this time, well done on your good fortune

    fj

    You were going on my badly worded post! Thanks for good wishes :)
This discussion has been closed.
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