Royal Mail shares letter offering to buy shares but not stating the figures

TheBanker

wmb194 said:

FrugaiMacDugal said:

whalemoney said:

What deadline?  I'm still massively confused over this.

The options this forum are telling me are;
1) Accept the offer despite the fact I don't want to sell at a loss;
2) Keep the shares and they'll be taken off me "in due course" (presumably at the same sh*tty price resulting in the same loss)
3) If they're not taken off me at a sh*tty price then I keep hold of them in a company no longer on the stock exchange and it's impossible to ever sell them

Deadline, To receive the cash proceeds at the earliest opportunity, please give your instruction to accept the Offer no later than 1.00 p.m. on 25 April 2025 being three business days before the latest date by which the Offer may be declared or become Unconditional.

You have the options, it's your choice.

If £3.70 is selling at a loss then you didn't get them at IPO price, think they were £6 at one time, did you buy them then?

Also, are you counting in dividends received when working out your loss?

That’s for shares held in the IDS SIP, whatever that is. Other forms of holding are next week.

That would be a Share Incentive Plan, i.e. an employee share scheme. 

whalemoney

FrugaiMacDugal said:

whalemoney said:

What deadline?  I'm still massively confused over this.

The options this forum are telling me are;
1) Accept the offer despite the fact I don't want to sell at a loss;
2) Keep the shares and they'll be taken off me "in due course" (presumably at the same sh*tty price resulting in the same loss)
3) If they're not taken off me at a sh*tty price then I keep hold of them in a company no longer on the stock exchange and it's impossible to ever sell them

Deadline, To receive the cash proceeds at the earliest opportunity, please give your instruction to accept the Offer no later than 1.00 p.m. on 25 April 2025 being three business days before the latest date by which the Offer may be declared or become Unconditional.

You have the options, it's your choice.

If £3.70 is selling at a loss then you didn't get them at IPO price, think they were £6 at one time, did you buy them then?

Also, are you counting in dividends received when working out your loss?

I bought them at the IPO.  I bought the full amount we were permitted to buy at the time of IPO, which I think was about £1200 (or was it about £750?) I can't remember but it was either side of £1000

The letters they've sent to me don't tell me what they'd be paying me.  There's no figures.  It's just jargon. It all seems incredibly disingenuous.  How am I supposed to know if I'm making a loss or not!

masonic

When investing in shares, there are a few details it is absolutely required for you to know. These include the number of shares you have bought and the price at which you bought them. The broker that allowed you to participate in the IPO would have provided those details. From there it is a matter of simple arithmetic.

wmb194

whalemoney said:

FrugaiMacDugal said:

whalemoney said:

What deadline?  I'm still massively confused over this.

The options this forum are telling me are;
1) Accept the offer despite the fact I don't want to sell at a loss;
2) Keep the shares and they'll be taken off me "in due course" (presumably at the same sh*tty price resulting in the same loss)
3) If they're not taken off me at a sh*tty price then I keep hold of them in a company no longer on the stock exchange and it's impossible to ever sell them

Deadline, To receive the cash proceeds at the earliest opportunity, please give your instruction to accept the Offer no later than 1.00 p.m. on 25 April 2025 being three business days before the latest date by which the Offer may be declared or become Unconditional.

You have the options, it's your choice.

If £3.70 is selling at a loss then you didn't get them at IPO price, think they were £6 at one time, did you buy them then?

Also, are you counting in dividends received when working out your loss?

I bought them at the IPO.  I bought the full amount we were permitted to buy at the time of IPO, which I think was about £1200 (or was it about £750?) I can't remember but it was either side of £1000

The letters they've sent to me don't tell me what they'd be paying me.  There's no figures.  It's just jargon. It all seems incredibly disingenuous.  How am I supposed to know if I'm making a loss or not!

How do you own these? Do you have a certificate stating the number on it or a stockbroker's statement? The number of shares most (all?) retail investors received at IPO was 227 shares at 330p* each = £749.10.

You need to read the documents, the numbers are in there. You can go online and find them, too. 

In one of my posts above I've posted a screenshot of the offer from the offer document: if you accept the offer you'll receive 360p per share plus a 8p per share special dividend. (The other 2p dividend that's mentioned has already been paid.)

*No stamp duty is due on primary issuance.

whalemoney

wmb194 said:

whalemoney said:

FrugaiMacDugal said:

whalemoney said:

What deadline?  I'm still massively confused over this.

The options this forum are telling me are;
1) Accept the offer despite the fact I don't want to sell at a loss;
2) Keep the shares and they'll be taken off me "in due course" (presumably at the same sh*tty price resulting in the same loss)
3) If they're not taken off me at a sh*tty price then I keep hold of them in a company no longer on the stock exchange and it's impossible to ever sell them

Deadline, To receive the cash proceeds at the earliest opportunity, please give your instruction to accept the Offer no later than 1.00 p.m. on 25 April 2025 being three business days before the latest date by which the Offer may be declared or become Unconditional.

You have the options, it's your choice.

If £3.70 is selling at a loss then you didn't get them at IPO price, think they were £6 at one time, did you buy them then?

Also, are you counting in dividends received when working out your loss?

I bought them at the IPO.  I bought the full amount we were permitted to buy at the time of IPO, which I think was about £1200 (or was it about £750?) I can't remember but it was either side of £1000

The letters they've sent to me don't tell me what they'd be paying me.  There's no figures.  It's just jargon. It all seems incredibly disingenuous.  How am I supposed to know if I'm making a loss or not!

How do you own these? Do you have a certificate stating the number on it or a stockbroker's statement? The number of shares most (all?) retail investors received at IPO was 227 shares at 330p* each = £749.10.

You need to read the documents, the numbers are in there. You can go online and find them, too. 

In one of my posts above I've posted a screenshot of the offer from the offer document: if you accept the offer you'll receive 360p per share plus a 8p per share special dividend. (The other 2p dividend that's mentioned has already been paid.)

*No stamp duty is due on primary issuance.

"227 shares at 330p* each = £749.10" that rings a bell so that must be the amount I own.

I have no idea about certificates or statements, I don't recall ever receiving either.  I used to receive dividends cheques and I think they'd contain a letter with a a summary of how many shared I own, but I stopped receiving those letters many years ago the moment I filled in a mandate form requesting dividends to be paid directly to my bank account rather than by cheque.  Since then, everything has been paperless (no emails either).  The first I've heard from them is this offer letter.

As a secondary enquiry, I once sent about 2 years of dividends cheques back to them as they were out of date so couldn't be cashed.  I included a letter requesting they re-issue the cheques or pay the total balance to my bank account instead, but they elected to do neither.  Is there a way I can re-claim those dividends as I was never paid them.

wmb194

whalemoney said:

wmb194 said:

whalemoney said:

FrugaiMacDugal said:

whalemoney said:

What deadline?  I'm still massively confused over this.

The options this forum are telling me are;
1) Accept the offer despite the fact I don't want to sell at a loss;
2) Keep the shares and they'll be taken off me "in due course" (presumably at the same sh*tty price resulting in the same loss)
3) If they're not taken off me at a sh*tty price then I keep hold of them in a company no longer on the stock exchange and it's impossible to ever sell them

Deadline, To receive the cash proceeds at the earliest opportunity, please give your instruction to accept the Offer no later than 1.00 p.m. on 25 April 2025 being three business days before the latest date by which the Offer may be declared or become Unconditional.

You have the options, it's your choice.

If £3.70 is selling at a loss then you didn't get them at IPO price, think they were £6 at one time, did you buy them then?

Also, are you counting in dividends received when working out your loss?

I bought them at the IPO.  I bought the full amount we were permitted to buy at the time of IPO, which I think was about £1200 (or was it about £750?) I can't remember but it was either side of £1000

The letters they've sent to me don't tell me what they'd be paying me.  There's no figures.  It's just jargon. It all seems incredibly disingenuous.  How am I supposed to know if I'm making a loss or not!

How do you own these? Do you have a certificate stating the number on it or a stockbroker's statement? The number of shares most (all?) retail investors received at IPO was 227 shares at 330p* each = £749.10.

You need to read the documents, the numbers are in there. You can go online and find them, too. 

In one of my posts above I've posted a screenshot of the offer from the offer document: if you accept the offer you'll receive 360p per share plus a 8p per share special dividend. (The other 2p dividend that's mentioned has already been paid.)

*No stamp duty is due on primary issuance.

"227 shares at 330p* each = £749.10" that rings a bell so that must be the amount I own.

I have no idea about certificates or statements, I don't recall ever receiving either.  I used to receive dividends cheques and I think they'd contain a letter with a a summary of how many shared I own, but I stopped receiving those letters many years ago the moment I filled in a mandate form requesting dividends to be paid directly to my bank account rather than by cheque.  Since then, everything has been paperless (no emails either).  The first I've heard from them is this offer letter.

As a secondary enquiry, I once sent about 2 years of dividends cheques back to them as they were out of date so couldn't be cashed.  I included a letter requesting they re-issue the cheques or pay the total balance to my bank account instead, but they elected to do neither.  Is there a way I can re-claim those dividends as I was never paid them.

BIB. Presumably the share registrar? If so, that's who you'd contact. IDS' registrar is Equiniti. 

You might be able to claim unpaid dividends but it depends on how long ago they were paid. After 6+ years they are often forfeited back to the company.

The 8p special dividend I mentioned above should actually be on its way to you, due to be paid on the 14th May, so the only outstanding issue is whether you accept the 360p per share offer or sell them in the market before they're delisted from the LSE, probably on 02/06.

https://equiniti.com/uk/help-and-support/

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