Cable and Wireless old shares

I have 100 shares purchased in 2000. I think quite a lot has happened to the old C&W company since then. 
How do I find out if my old share certificates are worth anything ? 
Is there any agency that can do the leg work for me ?

Comments

  • eskbanker
    eskbanker Posts: 36,475 Forumite
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    pedge109 said:
    I have 100 shares purchased in 2000. I think quite a lot has happened to the old C&W company since then. 
    How do I find out if my old share certificates are worth anything ? 
    Is there any agency that can do the leg work for me ?
    Vodafone bought C&W for 38p per share in 2012, so you should have received your redemption value of £38 then....
  • EthicsGradient
    EthicsGradient Posts: 1,205 Forumite
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    edited 28 February 2024 at 5:02PM
    eskbanker said:
    pedge109 said:
    I have 100 shares purchased in 2000. I think quite a lot has happened to the old C&W company since then. 
    How do I find out if my old share certificates are worth anything ? 
    Is there any agency that can do the leg work for me ?
    Vodafone bought C&W for 38p per share in 2012, so you should have received your redemption value of £38 then....
    There was a little more to it than that, but I doubt there'd be enough value for "an agency" to be worth employing:

    The company split in March 2010, with its international division demerging to form Cable & Wireless Communications, acquired by Liberty Global in 2015, and since spun-off in 2018 from Liberty Global to Liberty Latin America, while the remainder of the Cable & Wireless business became Cable & Wireless Worldwide and was acquired by Vodafone in 2012.
    Cable & Wireless plc - Wikipedia

    When they split:

    The combined value of one share in CWW and one share in CWC is currently about £1.53. On Thursday, the value of the combined Cable & Wireless was £1.48 a share.

    BBC News - Cable & Wireless demerger takes the FTSE 100 to 101
  • wmb194
    wmb194 Posts: 4,584 Forumite
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    edited 28 February 2024 at 6:50PM
    pedge109 said:
    I have 100 shares purchased in 2000. I think quite a lot has happened to the old C&W company since then. 
    How do I find out if my old share certificates are worth anything ? 
    Is there any agency that can do the leg work for me ?
    See the replies above; assuming you held them in certificated form you should have received new certificates when it split: is this just a defunct certificate you didn't throw away?

    Anyway, you could contact the share registrar* to see whether it's still holding any money for you though if it had your (correct) address or bank account number you should have received the proceeds from the takeovers by cheque or bank transfer. After you bought them were you not receiving dividends? IIRC before it began to struggle it used to be a big payer, and C&W Communications certainly paid dividends after the split.

    *I'd guess that both new entities kept the same one, and there are only a few anyway. Probably Equiniti.

    https://www.cwcom.co.uk/faqs/#:~:text=shareholders%20in%20June.-,REGISTRARS,to%20maintain%20its%20share%20register.

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