Royal Mail Stock Holding – What to Do?

wmb194

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.

TheEmerald

Equiniti have sent me a SAE to return my IDS paperwork to them including share certificates. Is it normal practice to send certificates in this way or have you used recorded delivery for added security?

wmb194

TheEmerald said:

Equiniti have sent me a SAE to return my IDS paperwork to them including share certificates. Is it normal practice to send certificates in this way or have you used recorded delivery for added security?

It's up to you - I've sent them in normal post without issue and the registrars do it all the time - but given you're charged an arm and a leg if they need to be replaced it's better to do it registered.

TheEmerald

wmb194 said:

TheEmerald said:

Equiniti have sent me a SAE to return my IDS paperwork to them including share certificates. Is it normal practice to send certificates in this way or have you used recorded delivery for added security?

It's up to you - I've sent them in normal post without issue and the registrars do it all the time - but given you're charged an arm and a leg if they need to be replaced it's better to do it registered.

Thank you for your prompt reply. With my luck mine will be the ones that go missing!

woolly_wombat

The BBC reported two weeks ago that:

‘Royal Mail's takeover by Czech billionaire Daniel Kretinsky will face a government probe, including into potential links with Russia, the BBC understands.’

I decided to accept the offer and sent off my share certificates with the aim of flogging the lot without having to pay to get shot of them.

What will happen if the takeover is blocked?

wmb194

woolly_wombat said:

The BBC reported two weeks ago that:

‘Royal Mail's takeover by Czech billionaire Daniel Kretinsky will face a government probe, including into potential links with Russia, the BBC understands.’

I decided to accept the offer and sent off my share certificates with the aim of flogging the lot without having to pay to get shot of them.

What will happen if the takeover is blocked?

No doubt there will be some gyrations in the share price but otherwise everything will continue as if this hadn't happened and your certificates will be returned to you:

Ocelot

From HL:

Further to our previous correspondence, the boards of International Distribution Services Plc and EP UK Bidco Limited have announced the timetable for the takeover offer has been suspended. The suspension has been put in place whilst certain regulatory approvals are sought.

This means the last date on which the offer can be declared successful has been extended and is now expected to be in the first quarter of 2025. 

The offer will remain open for acceptance until this time. If you’ve already accepted the offer, it will be processed as soon as the timetable suspension is lifted. 

Does this mean we have until next year to sell? I forgot until yesterday evening, and missed the 12pm deadline.

wmb194

Ocelot said:

From HL:

Further to our previous correspondence, the boards of International Distribution Services Plc and EP UK Bidco Limited have announced the timetable for the takeover offer has been suspended. The suspension has been put in place whilst certain regulatory approvals are sought.

This means the last date on which the offer can be declared successful has been extended and is now expected to be in the first quarter of 2025. 

The offer will remain open for acceptance until this time. If you’ve already accepted the offer, it will be processed as soon as the timetable suspension is lifted. 

Does this mean we have until next year to sell? I forgot until yesterday evening, and missed the 12pm deadline.

Assuming there's no movement beforehand it sounds like it but it could become unconditional at any time and then you'd have 14 days.

"Subject to the satisfaction or waiver (as applicable) of the Conditions, it is currently expected that the Offer will become or will be declared Unconditional in the first quarter of 2025."

https://www.londonstockexchange.com/news-article/market-news/update-on-offer-timetable/16601439

benny5

Anyone know what's happening on this issue?

I ask only because I've had a dividend payment today. Hardly enough to buy a coffee.

wmb194

benny5 said:

Anyone know what's happening on this issue?

I ask only because I've had a dividend payment today. Hardly enough to buy a coffee.

Don't think there's anything new, see Ocelot's post above: it's delayed whilst regulatory approvals are sought. When something's announced you'll see it in an RNS on the LSE's website and elsewhere and no doubt in the press. I wouldn't worry about missing anything.

https://www.londonstockexchange.com/stock/IDS/international-distribution-services-plc/company-page