Should I sell Royal Mail shares now?

wmb194

davidjswift said:

I am being told if I don't sell by end of April 2025 my shares will be worthless as they will no longer be on the London stock exchange is that correct? 

They won't be worthless but they'll be far harder to sell and there won't be a LSE reference price to use. Personally I'd avoid owning shares in an unlisted company.

Zoe02

I have accepted the offer will invest in funds instead. Was the IPO purchase hasn't done that well over the years. 

DUBVENDOR

RE: OfferToday 09:17

If you do not accept the offer - either vote against or do nothing - then:

(1). If DK gets to 75% but not 90% then potentially you will be left with shares in a private company and unable to easily sell them. There is the likelihood that, once IDS is private, and in order to clean up the shareholder register DK will still try to buy you out at 368p using a “tracing” firm eg Equiniti. However, DK does not have to do this and as far as I am aware there are no particular rules around this. Once IDS goes private then the Takeover Panel/rules are no longer involved and only the general rules in the Companies Act about protecting minorities apply ie you do not have many rights. It is not a position you want to get into.

(2). If DK gets to 90% he can (and almost certainly will - but again does not have to) buy you out compulsorily.

There is no merit in voting early but equally, given above, you should make a decision and vote. If there is no better offer (and it seems a remote possibility) and on the assumption that any individual private shareholder vote is incredibly unlikely to swing the overall vote the most logical course of action, irrespective of whether you like the takeover, is to vote to accept.

If you want to wait longer then there is another opportunity to make a decision. If/once the takeover goes unconditional (ie gets to 75%) then voting remains open for (at least) another 14 days. It will be known whether DK has got to 75% by 30 April/1 May and just conceivably earlier if institutions vote before the final deadline (which I don’t think they will do).

Taken from LSE IDS Share forum 

DUBVENDOR

IPO was £3.30 hit £6 odd a least 3 times as low as £1.28ish  Just George Osborne's wedding's best man if he made any money here .

where_are_we

About 2/3rds of the IPO went to 300 city firms despite protestations of unfairness from the then Labour opposition.

Hundreds of thousands of "Sids" and "Sidessa`s" got nothing. Expression "Money goes to money" comes to mind.