National Grid Shares?

gatita

I have a very small amount of shares in National Grid ( 86 to be exact) Today I received a very large envelope with so much information I cannot understand a word lol! Please would someone be so kind and look at the link below, and give me their opinion as what to do, sell or whatever other option they are offering.
I would be so grateful.

I cannot decide where to place this post, so I hope it won't upset anyone here.
Thank you

http://www.ngtgroup.com/investors/index.html

MastG

Hi,

this is financial restructuring by NGT
they are giving back some money to share holders (65p per share)

the answer to what to do is on page 4 of the white circular

do nothing and you will get a dividend of 65p per share, this will be classed as income and taxed as such

Fill in box 2 and B shares will be created then sold giving you a return of 65p per share, this will be classified as capital (and will only be taxed if you go over your CGT limit for the year).

Fill in box 3 and you will keep this number of B shares which NGT intends to allow you to cash in at certain times in the future (you will get interest on these shares at 75% of LIBBOR)

Meanwhile they also intend a share restructure with your old shares being replaced by new ones at the rate of
49 old shares=43 new ones ....

I hope this helps ?

Gary

see a discussion on this topic at motleyfool
motley fool

bebop

Help, i too do not know what to do? I have 332 shares, according to saturdays daily mail, option 2 'ALL' is best for me, a non tax payer, but don't need the money right now? Are they right? Any advise greatly appreciated.

MastG

bebop,

Hi, sorry just noticed your post and it is all done and dusted now !!!!

Hopefully you did chose option 2 and All ?????
(unless you will exceed your max CGT limit for the year).

Gary