Royal Mail Shares now IDS

Miniminxie

I have received some post today about these shares using their new name.

I am being asked to vote/agree to something but it's as clear as mud what that is.

Has anyone else had this?  If so, can you tell me please :-

Am I being asked to agree to the transfer of my shares to the new company?

OR

Are they asking me to sell my shares to the new company?

I couldn't see any mention of how much each share is worth and I do realise the price will vary day to day but if they want to buy them off me a clue would have been helpful!

 

wmb194

Miniminxie said:

I have received some post today about these shares using their new name.

I am being asked to vote/agree to something but it's as clear as mud what that is.

Has anyone else had this?  If so, can you tell me please :-

Am I being asked to agree to the transfer of my shares to the new company?

OR

Are they asking me to sell my shares to the new company?

I couldn't see any mention of how much each share is worth and I do realise the price will vary day to day but if they want to buy them off me a clue would have been helpful!

There's a long thread about this. It's a takeover situation. If you don't agree to the purchase offer and IIRC >75% but <90% agree you might end up owning shares in a private company. If >90% of voted shares agree your shares will be compulsorily purchased. The price must be in there; it's 370p including a dividend. Looks like it was trading in London today at 365p per share. Another option is to sell them into the market.

https://forums.moneysavingexpert.com/discussion/6537506/royal-mail-stock-holding-what-to-do

Miniminxie

Thank you wmb194. 

I hadn't seen the other thread - I understand what's going on now. Your precis is appreciated

kennedy101

Mm..
I voted via an email last year to accept,I have been out of the country since and won’t be back till July,being away I know nothing about a letter,did I have to vote again?

wmb194

kennedy101 said:

Mm..
I voted via an email last year to accept,I have been out of the country since and won’t be back till July,being away I know nothing about a letter,did I have to vote again?

No, what’s happening today is still related to the same event. It just took a while to obtain the required regulatory clearances.

The recent letters were an attempt to mop up the shareholders who hadn’t tendered their shares. Did you tender your shares?