Shares

meandrolo

Hi,
I have been going through some old files and I have found some shares for THUS Group plc and was wondering if they are still valid, I am unable to find contact details for THUS it just takes me to Vodafone, who I know are the parent company to THUS but there is nothing on Vodafone where I can get the information, can anyone please help

DullGreyGuy

Share certificate doesnt have the company number on it? 

Probably is https://find-and-update.company-information.service.gov.uk/company/SC226738 

Linton

Thus were taken over for cash by Cable& WIreless in 2008 who were taken over by Vodaphone in 2012.  I guess the people to help could be Vodfaphone's registrars, Equiniti.  But I believe the chances of the shares being of any value is
close to zero.  Any Thus shares remaining in 2008 were compulsorily bought for cash by C&W. 

See https://shareprices.com/rns/compulsory-acquisition-of-outstanding-thus-shares-p1gg1o8w8tuxp6p/

wmb194

meandrolo said:

Hi,
I have been going through some old files and I have found some shares for THUS Group plc and was wondering if they are still valid, I am unable to find contact details for THUS it just takes me to Vodafone, who I know are the parent company to THUS but there is nothing on Vodafone where I can get the information, can anyone please help

Long gone, bin them. It was was bought by C&W and then became part of C&W Worldwide, which in turn was bought by Vodafone. It appears to have been an all cash offer from C&W. You should have received a cheque or electronic deposit for your shares in 2008 but if you didn't receive it then by now you'll be out of time to claim the money from the registrar.

https://www.proactiveinvestors.co.uk/companies/news/2276/cable-wireless-to-launch-compulsory-acquisition-of-outstanding-thus-shares-3416.html

"On 30 June 2008, Cable & Wireless announced that it had acquired a 29.9% stake in Thus and tabled an improved offer of £329 million, or 180p per share.[10] On 1 October 2008, Cable & Wireless completed the takeover of Thus: the company became known as "Thus, a Cable & Wireless business".[11]"

https://en.wikipedia.org/wiki/Thus_(company)

suzana83

Perpetual Right to Reclaim: If your shares were sold automatically because you were out of contact, you never lose the right to your money. The funds are transferred to Reclaim fund ltd, a non-profit company wholly owned by the government's British Business Bank. You or your beneficiaries can reclaim the full cash value at any time in the future

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82194726#Comment_82194726

Looks like it's only included shares since 2022 and the original scheme began in 2011.
Anyway, the most likely outcome for the OP is that he received his money in 2008 but has forgotten.

"The UK’s Dormant Assets Scheme has been in operation since 2011 and enables banks and building societies to channel funds from dormant bank and building society accounts towards good causes. The Scheme was expanded by the Dormant Assets Act 2022 to include assets in the insurance and pensions, investment and wealth management, and securities sectors."

https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm04036