Free theMutual.net shares

tipster2

Hi there , just found an old password and note of the free mutual.net shares I was given back in the late 1990’s . I understand that they have been taken over several times since and are now trading on the AIM as progressive digital media group . Anyone else have any ? Know if they have any value? Any idea how to cash them in without a certificate as we were never given one due to receiving the shares free ? 

wmb194

tipster2 said:

Hi there , just found an old password and note of the free mutual.net shares I was given back in the late 1990’s . I understand that they have been taken over several times since and are now trading on the AIM as progressive digital media group . Anyone else have any ? Know if they have any value? Any idea how to cash them in without a certificate as we were never given one due to receiving the shares free ? 

Unless it was lodged with a nominee, free or not why wouldn't a certificate be issued? According to its most recent accounts with Companies House Progressive Digital's owner is a company named GlobalData plc and which is listed in London: contact its registrar to see if it's aware of you?

*Edit 1: Apparently Progressive Digital bought GlobalData and then changed its name to GlobalData.

https://fusiondiginet.com/2016/01/14/progressive-digital-media-group-acquires-globaldata-holding-limited/

*Edit 2: See this MSE thread from 2013 re themutual.net shares. Doesn't look promising value wise - there appears to have been a massive dilution of the shares through, probably, capital raises - but sounds like your shares would have been held with Capita as the nominee.

To understand your position you'd really need to delve into the history and understand what kind of takeovers they were e.g., if every one was an all share transaction then you might own shares in GlobalData but if one of them was all cash, say, 20 years ago then you would no longer own any shares and the unclaimed cash will probably have been forfeited by now.

https://www.londonstockexchange.com/stock/DATA/globaldata-plc/company-page

https://uk.advfn.com/stock-market/london/themutual-net-TMN/share-price Some people complaining about the lousy terms of the takeover of TMN in 2009.

tipster2

Thank you so much for the reply . Very informative I really appreciate all the time and effort 👏

boingy

Blimey, that's a blast from the past. I'm sure I also registered with them and got some free shares (worthless at the time!)  but I have absolutely no recollection of what happened to them or whether I ever had anything on paper.

ian_til

I've got some of these (and only found this thread in my search for CGT implications as I'm about to get rid of them).

I did receive a share certificate for my 1,738 "TMN Group PLC" shares in Dec/2006, not sure what existed before then

These 1738 shares then became 140 "Progressive Digital Media Group plc" shares in Apr/2013 which in turn became 1,000 "GlobalData plc" shares in July/2023

These are currently worth about £2,000 so it's well worth trying to find paperwork & share certs!!

Rheumatoid

I have just come across a share certificate for 913 TMN Group shares when sorting out my affairs before I expire.

Any idea how to get these converted to Global data shares or cash if they are worth anything?

wmb194

Rheumatoid said:

I have just come across a share certificate for 913 TMN Group shares when sorting out my affairs before I expire.

Any idea how to get these converted to Global data shares or cash if they are worth anything?

Try contacting Global Data's registrar. It shouldn't be a case of converting anything, that'll have happened anyway. This is assuming they haven't been forfeited along the way somewhere because you were out of touch with the registrar for too long.

Sandpit_Man

Interested in this thread and whether anyone has had any recent success as just come across a shareholding in some of my own paperwork following a recent move.