Royal Mail Stock Holding – What to Do?

Section62

DUBVENDOR said:

One example of the share price manipulation was a profits warning was issued almost to the same day when the Staffs holdings of free shares could be could sold tax free  . crashing the price  and don't  forget the line we are losing £1M a day which was first spun out in the 80s .

So you think the profits warning should have been delayed until after all the staff who had free shares had been able to sell them at the higher price?

Or should the staff have been further restricted in selling their shares, so that people who know the business better than most didn't spook the market by dumping their shares as quickly as they could?

Either of which would have been real price manipulation.

debbie45

Hi looking for help with the form of acceptance.
Can my wife be a witness as she is not shareholder ?
I think yes but just checking

benny5

debbie45 said:

Hi looking for help with the form of acceptance.
Can my wife be a witness as she is not shareholder ?
I think yes but just checking

That's what I've done. Hope its OK.

where_are_we

I have a few hundred Royal Mail shares held in a nominee account with x-o. I have had no correspondance from x-o regarding a vote of acceptance of the offer. I realise that is because I do not hold any Royal Mail share certificates.

Acceptance of the offer on 25 September will obviously not be affected by any vote I could do if this was possible.

However I do not want to be left these shares if the bid is sucessful. How do I go about realising this objective?

How do I sell my shares at the best possible price?

wmb194

where_are_we said:

I have a few hundred Royal Mail shares held in a nominee account with x-o. I have had no correspondance from x-o regarding a vote of acceptance of the offer. I realise that is because I do not hold any Royal Mail share certificates.

Acceptance of the offer on 25 September will obviously not be affected by any vote I could do if this was possible.

However I do not want to be left these shares if the bid is sucessful. How do I go about realising this objective?

How do I sell my shares at the best possible price?

It doesn’t matter that they’re not certificated, x-o can vote and tender them in your behalf. What has x-o said? In my experience some brokers are better and quicker at communicating with beneficial shareholders than others.

qsk

where_are_we said:

I have a few hundred Royal Mail shares held in a nominee account with x-o. I have had no correspondance from x-o regarding a vote of acceptance of the offer. I realise that is because I do not hold any Royal Mail share certificates.

Acceptance of the offer on 25 September will obviously not be affected by any vote I could do if this was possible.

However I do not want to be left these shares if the bid is sucessful. How do I go about realising this objective?

How do I sell my shares at the best possible price?

I'm in the same situation as you. I did receive an email on 02/07 with subject "International Distribution Services (Royal Mail) Takeover" from Jarvis (X-O's parent name) with forms as attachment. 

Check your junk mail folders.

granta

gt94sss2 said:

benny5 said:

wmb194 said:

Caroles54 said:

I  too am finding the IDS paper work confusing. I strictly don't want to sell, especially abroad. I got my small share holding when the PO was privatised to stop big companies taking over/having too much control and with the hope one day it would be renationalised. I feel I am being forced to sell as there is no mention of what happens if you do not accept and even on the internet it is not clear.

Look for my comments up thread; you'll only be forced to sell if 90%+ of shares accept the offer. Otherwise it'll either fail and this will be forgotten about or you'll become a shareholder in an unlisted company (75%+).

Out of interest, should the takeover fail, what will happen to those that have ‘surrendered’ their holdings either electronically or by post?

Will the certificates be returned/electronic holdings reinstated?

No, if you have accepted the offer, you will have sold the shares.

I'm about confused about this point as only had a very brief corporate action notice from my broker with no other paperwork.
If I accept the offer and the regulator rejects the takeover, will things not just carry on as they are now, i.e. we all retain our shares? I assumed that giving up your shares was conditional on the offer being accepted?

Reading some of the comments above, it seems that not everyone has been communicated an end date. However, I have been told I need to confirm my intentions by 22 July. I'm confused why this has varied between brokers.

gt94sss2

granta said:

gt94sss2 said:

benny5 said:

wmb194 said:

Caroles54 said:

I  too am finding the IDS paper work confusing. I strictly don't want to sell, especially abroad. I got my small share holding when the PO was privatised to stop big companies taking over/having too much control and with the hope one day it would be renationalised. I feel I am being forced to sell as there is no mention of what happens if you do not accept and even on the internet it is not clear.

Look for my comments up thread; you'll only be forced to sell if 90%+ of shares accept the offer. Otherwise it'll either fail and this will be forgotten about or you'll become a shareholder in an unlisted company (75%+).

Out of interest, should the takeover fail, what will happen to those that have ‘surrendered’ their holdings either electronically or by post?

Will the certificates be returned/electronic holdings reinstated?

No, if you have accepted the offer, you will have sold the shares.

I'm about confused about this point as only had a very brief corporate action notice from my broker with no other paperwork.
If I accept the offer and the regulator rejects the takeover, will things not just carry on as they are now, i.e. we all retain our shares? I assumed that giving up your shares was conditional on the offer being accepted?

Reading some of the comments above, it seems that not everyone has been communicated an end date. However, I have been told I need to confirm my intentions by 22 July. I'm confused why this has varied between brokers.

To find out more about the offer see https://idsoffer.shareview.info/

If you accept the offer, you will have sold your shares, regardless of whether the regulator blocks the sale.

Different brokers quote different deadlines to customers as they need "a margin" before the official offer deadline to administer any paperwork and some brokers are more efficient than others.

wmb194

gt94sss2 said:

granta said:

gt94sss2 said:

benny5 said:

wmb194 said:

Caroles54 said:

I  too am finding the IDS paper work confusing. I strictly don't want to sell, especially abroad. I got my small share holding when the PO was privatised to stop big companies taking over/having too much control and with the hope one day it would be renationalised. I feel I am being forced to sell as there is no mention of what happens if you do not accept and even on the internet it is not clear.

Look for my comments up thread; you'll only be forced to sell if 90%+ of shares accept the offer. Otherwise it'll either fail and this will be forgotten about or you'll become a shareholder in an unlisted company (75%+).

Out of interest, should the takeover fail, what will happen to those that have ‘surrendered’ their holdings either electronically or by post?

Will the certificates be returned/electronic holdings reinstated?

No, if you have accepted the offer, you will have sold the shares.

I'm about confused about this point as only had a very brief corporate action notice from my broker with no other paperwork.
If I accept the offer and the regulator rejects the takeover, will things not just carry on as they are now, i.e. we all retain our shares? I assumed that giving up your shares was conditional on the offer being accepted?

Reading some of the comments above, it seems that not everyone has been communicated an end date. However, I have been told I need to confirm my intentions by 22 July. I'm confused why this has varied between brokers.

To find out more about the offer see https://idsoffer.shareview.info/

If you accept the offer, you will have sold your shares, regardless of whether the regulator blocks the sale.

Different brokers quote different deadlines to customers as they need "a margin" before the official offer deadline to administer any paperwork and some brokers are more efficient than others.

Acceptance can be withdrawn, see section "3. Rights of withdrawal" but you need to get it in before it goes unconditional. This is a date that we don't know but IIRC no later than the end of August.

For people wondering what happens if the price is improved and whether it will apply to them if they've already accepted the current offer, yes, you will receive any improved offer. See section "4. Revisions of the Offer."

"4. (a) Although no revision of the Offer is envisaged, if the Offer (in its original or any previously revised form(s)) is revised (either in its terms and conditions or in the value or nature of the consideration offered or otherwise) and such revision represents on the date on which it is announced (on such basis as BNP Paribas, Citi and J.P. Morgan may consider appropriate) an improvement or no diminution in the value of the revised Offer compared with the consideration or terms previously offered or in the overall value received and/or retained by an IDS Shareholder (under the Offer or otherwise) the benefit of the revised Offer will, subject to paragraphs 4(c), 4(d) and 7, of this Part C, be made available to any IDS Shareholder who has accepted the Offer in its original or any previously revised form(s) and not validly withdrawn such acceptance in accordance with paragraph 3 of this Part C (“Previous Acceptor”). ..."

honestcove

Any thoughts please
Q1Is the 75% - 90% scenario a likely outcome. 
Q2 If the outcome is 75% - 90%, is there then another option to sell at the offer price (or another price), or are you then automatically in the position of owning unlisted shares of potentially minimal value.