Royal Mail Stock Holding – What to Do?

DUBVENDOR

Since the offer has been made it is now clear the universal service obligation can be changed which will open huge cost savings and more profits for any new owner . 

Lifes_Grand_Plan

DUBVENDOR said:

Since the offer has been made it is now clear the universal service obligation can be changed which will open huge cost savings and more profits for any new owner . 

I'm on the fence about that. That's obviously what the owners will want to do, but RM is heavily unionised and the Unions will have something to say about any changes. Plus I do think its right that the USO can evolve to keep up with modern times, but it can only evolve so far....

I'm on the fence whether to sell or keep my shares now TBH

[Deleted User]

wmb194 said:

Zoe02 said:

wmb194 said:

Zoe02 said:

GANYMEDE23 said:

I'm executor for my mum's estate & she has 227 IDS shares held with Equiniti. Would it be wiser to accept the £3.70 offer because Equiniti charge a minimum £70 to sell a holding? Assuming there will be no charge if accepting the offer 

GBP3.60

Equiniti fees are high and had to pay a fee as some of my cert were missing. Now converted to nominated account and with Iweb they charge £5 but not sure I want to sell.

£3.70 in total with the dividends. iWeb won’t charge the £5 if you take up the offer. It you don’t the danger is that you end up owning unlisted shares but it’s up to you.

Why would it be unlisted shares?

It is not compulsory to sell mow. 

Have you read the prospectus or the extracts I’ve posted up thread? That’s what it says if you don’t tender and 90%+ acceptances aren’t received but otherwise the acquisition goes through.

I doubt 90% will accept. Currently over £3.60.

DUBVENDOR

Lifes_Grand_Plan said:

DUBVENDOR said:

Since the offer has been made it is now clear the universal service obligation can be changed which will open huge cost savings and more profits for any new owner . 

I'm on the fence about that. That's obviously what the owners will want to do, but RM is heavily unionised and the Unions will have something to say about any changes. Plus I do think its right that the USO can evolve to keep up with modern times, but it can only evolve so far....

I'm on the fence whether to sell or keep my shares now TBH

The union has been smashed many old term staff have now left or sacked  new entrance are on lesser terms . The union are now onboard with the first wave of changes to uso already on trial . If you have access to FB Royalmail l Chat you can clearly see what is happing at the sharp end of the company .  

wmb194

Zoe02 said:

wmb194 said:

Zoe02 said:

wmb194 said:

Zoe02 said:

GANYMEDE23 said:

I'm executor for my mum's estate & she has 227 IDS shares held with Equiniti. Would it be wiser to accept the £3.70 offer because Equiniti charge a minimum £70 to sell a holding? Assuming there will be no charge if accepting the offer 

GBP3.60

Equiniti fees are high and had to pay a fee as some of my cert were missing. Now converted to nominated account and with Iweb they charge £5 but not sure I want to sell.

£3.70 in total with the dividends. iWeb won’t charge the £5 if you take up the offer. It you don’t the danger is that you end up owning unlisted shares but it’s up to you.

Why would it be unlisted shares?

It is not compulsory to sell mow. 

Have you read the prospectus or the extracts I’ve posted up thread? That’s what it says if you don’t tender and 90%+ acceptances aren’t received but otherwise the acquisition goes through.

I doubt 90% will accept. Currently over £3.60.

It's at 365p due to the offer. >90% means all the shares can be compulsorily purchased, >75% and the company is still bought and taken private but the holdouts aren't compulsorily bought out.

Ocelot

I'd like to sell my remaining shares but there doesn't seem to be an option on the HL site, unless I'm missing something.

pafpcg

I'm preparing to sell my IDS (Royal Mail) shares which I hold as a Royal Mail share certificate from 2013.  

Following the name change to IDS, have Royal Mail share certificates been replaced by IDS certificates?

wmb194

pafpcg said:

I'm preparing to sell my IDS (Royal Mail) shares which I hold as a Royal Mail share certificate from 2013.  

Following the name change to IDS, have Royal Mail share certificates been replaced by IDS certificates?

No.

The Company announced the decision to change its name to International Distributions Services plc on 20 July 2022 together with its first quarter 2022 results. This change has now taken effect.

Shareholders should note that their shareholdings will be unaffected by the change of name. Existing share certificates should be retained as they will remain valid for all purposes and no new share certificates will be issued.

https://markets.ft.com/data/announce/detail?dockey=1323-15656763-

Ocelot

Got another message from HL saying a decision needs to be made before the 29th April. They gave instructions on how to sell, so I did.

tazdevil_2

Can someone please explain to me how I should react to the recent correspondence about the Royal Mail takeover? The letter is just jargon and I have no idea what I’m supposed to do.