National grid shares help

EthicsGradient

caper7 said:

wmb194 said:

caper7 said:

What fees were involved? 

You’re asking me? None that I can see but for the time being T212 doesn’t charge any and there isn’t enough detail to tell whether National Grid / its bookrunners charged anything.

Yes, sorry, the question was for you. 
Seems I would have been better off doing nothing rather than selling the rights, I got 205p per right if I remember correctly and 1.5%fees.

The lapsed rights were sold for 835p after their costs, minus the 645p, meaning 190p was distributed to the holders.
National Grid says buyers secured for rights issue rump - MarketScreener
National Grid plc | Rights Issue (equiniti.com)
So if there wasn't a minimum amount for your 1.5% fees, you did better by selling at 205p ( minus 1.5% would be about 202p).

caper7

EthicsGradient said:

caper7 said:

wmb194 said:

caper7 said:

What fees were involved? 

You’re asking me? None that I can see but for the time being T212 doesn’t charge any and there isn’t enough detail to tell whether National Grid / its bookrunners charged anything.

Yes, sorry, the question was for you. 
Seems I would have been better off doing nothing rather than selling the rights, I got 205p per right if I remember correctly and 1.5%fees.

The lapsed rights were sold for 835p after their costs, minus the 645p, meaning 190p was distributed to the holders.
National Grid says buyers secured for rights issue rump - MarketScreener
National Grid plc | Rights Issue (equiniti.com)
So if there wasn't a minimum amount for your 1.5% fees, you did better by selling at 205p ( minus 1.5% would be about 202p).

Thanks so much. I'm about £13 better off then. Enough for a whole Ulez charge 😏

cazlou71

My elderly parents received a letter they didn’t understand. They did nothing. I assume they still have the shares they owned previously, they just don’t have any extras at the reduced rate. I that assumption right?

wmb194

cazlou71 said:

My elderly parents received a letter they didn’t understand. They did nothing. I assume they still have the shares they owned previously, they just don’t have any extras at the reduced rate. I that assumption right?

Yes. They should receive some money in return for the rights they gave up and going forward they should expect smaller dividend payments.