Royal Mail Share Offer - I missed the deadline! PLEASE HELP

Martyfunkhouser

Hi All,

Just logged into my Hargreaves Lansdown trading account to see my Royal Mail shares are now shared in International Distribution services. 

I tried to see them and was unable. I called Hargreaves Lansdown and was advised that the decline was last week, I had missed it and lost all my money.

Is this correct? Can they do that? Surely I cant be the only person in this position?

Can anyone offer any advice or help?

Thanks

n15h

Have you actually lost all your money if the RM shares have only been transferred into IDS shares?
Did you not receive any notification or message that the transfer was happening?

FrugaiMacDugal

Have a read of this thread.

london21

Hopefully there would be a way to get something. My 2 siblings are in a similar situation with Equiniti. I had moved mine to iweb and accepted the offer but they are still with equiniti from the IPO. 

wmb194

Martyfunkhouser said:

Hi All,

Just logged into my Hargreaves Lansdown trading account to see my Royal Mail shares are now shared in International Distribution services. 

I tried to see them and was unable. I called Hargreaves Lansdown and was advised that the decline was last week, I had missed it and lost all my money.

Is this correct? Can they do that? Surely I cant be the only person in this position?

Can anyone offer any advice or help?

Thanks

This has been going on for more than a year so it cannot be a surprise; you shouldn’t have been told you’ve lost your money, and I doubt you were. At the moment you own shares in an unlisted company. 

I’m not up to date on the latest news but the acquirer will probably apply to have the outstanding shares compulsorily purchased at the offer price, otherwise you should look to see whether the tender offer still stands.

Martyfunkhouser

n15h said:

Have you actually lost all your money if the RM shares have only been transferred into IDS shares?
Did you not receive any notification or message that the transfer was happening?

Well I have not technically lost my money as I do have shares in IDS, however they are not tradable. 

I did receive notifications, but misunderstood them, I just assumed I would automatically receive cash once the take over of Royal Mail completed. 

Martyfunkhouser

london21 said:

Hopefully there would be a way to get something. My 2 siblings are in a similar situation with Equiniti. I had moved mine to iweb and accepted the offer but they are still with equiniti from the IPO. 

According to Morning Star (Found via chat GPT), as over 90% of the shareholders accepted the offer, it appears that those with International Distribution Services shares, will get bought out shortly, as the same price as those who accepted the offer. 

I hope this is correct -https://www.morningstar.co.uk/uk/news/AN_1748424207910245500/in-brief-international-distribution-services-to-be-delisted-next-week.aspx?utm_source=chatgpt.com

Martyfunkhouser

wmb194 said:

Martyfunkhouser said:

Hi All,

Just logged into my Hargreaves Lansdown trading account to see my Royal Mail shares are now shared in International Distribution services. 

I tried to see them and was unable. I called Hargreaves Lansdown and was advised that the decline was last week, I had missed it and lost all my money.

Is this correct? Can they do that? Surely I cant be the only person in this position?

Can anyone offer any advice or help?

Thanks

This has been going on for more than a year so it cannot be a surprise; you shouldn’t have been told you’ve lost your money, and I doubt you were. At the moment you own shares in an unlisted company. 

I’m not up to date on the latest news but the acquirer will probably apply to have the outstanding shares compulsorily purchased at the offer price, otherwise you should look to see whether the tender offer still stands.

It was not a surprise, I just incorrectly assumed that my Royal Mail Shares would be purchased and I would have cash to withdraw, I did realise they would be converted into a share of an unlisted company. Totally my fault! 

I was told by Hargreaves Lansdown, this morning, my money was lost. Not sure why you think I am lying?

It does appear from further research that my IDS shares should be compulsory purchased soon. They are able to do this as more than 90% of the shareholders accepted the offer. 

dasherman

The offer is actually still open to accept and is until 11th June, so you really should still be able to do that via HL.
Otherwise, you should receive notification of the compulsory purchase of your shares in due course.

Section62

Martyfunkhouser said:

wmb194 said:

Martyfunkhouser said:

Hi All,

Just logged into my Hargreaves Lansdown trading account to see my Royal Mail shares are now shared in International Distribution services. 

I tried to see them and was unable. I called Hargreaves Lansdown and was advised that the decline was last week, I had missed it and lost all my money.

Is this correct? Can they do that? Surely I cant be the only person in this position?

Can anyone offer any advice or help?

Thanks

This has been going on for more than a year so it cannot be a surprise; you shouldn’t have been told you’ve lost your money, and I doubt you were. At the moment you own shares in an unlisted company. 

I’m not up to date on the latest news but the acquirer will probably apply to have the outstanding shares compulsorily purchased at the offer price, otherwise you should look to see whether the tender offer still stands.

I was told by Hargreaves Lansdown, this morning, my money was lost. Not sure why you think I am lying?

I don't think wmb194 was accusing you of lying - it is just difficult to believe anyone at HL would tell you that you "lost all [your] money".  Seems more likely perhaps they said something like you'd lost the opportunity to accept the offer, which you heard as something more disastrous than that.

It is so easy for miscommunication to happen between two people... it doesn't mean one or the other is lying.

wmb194

Martyfunkhouser said:

wmb194 said:

Martyfunkhouser said:

Hi All,

Just logged into my Hargreaves Lansdown trading account to see my Royal Mail shares are now shared in International Distribution services. 

I tried to see them and was unable. I called Hargreaves Lansdown and was advised that the decline was last week, I had missed it and lost all my money.

Is this correct? Can they do that? Surely I cant be the only person in this position?

Can anyone offer any advice or help?

Thanks

This has been going on for more than a year so it cannot be a surprise; you shouldn’t have been told you’ve lost your money, and I doubt you were. At the moment you own shares in an unlisted company. 

I’m not up to date on the latest news but the acquirer will probably apply to have the outstanding shares compulsorily purchased at the offer price, otherwise you should look to see whether the tender offer still stands.

It was not a surprise, I just incorrectly assumed that my Royal Mail Shares would be purchased and I would have cash to withdraw, I did realise they would be converted into a share of an unlisted company. Totally my fault! 

I was told by Hargreaves Lansdown, this morning, my money was lost. Not sure why you think I am lying?

It does appear from further research that my IDS shares should be compulsory purchased soon. They are able to do this as more than 90% of the shareholders accepted the offer. 

But it isn't lost, you say yourself that you can see you have holdings in IDS:

"Well I have not technically lost my money as I do have shares in IDS, however they are not tradable."