ICI Shares from my childhood

Confusedandconfused123

Hi! 

I know this probably sounds really weird, but when I was 3 years old, I was brought some shares in Imperial Chemical Industries PLC. I have the certificate and everything. I just found them today. I have done some digging and understand that the company merged with another one back in 2008. I was just curious and very confused about if there is any use in the certificate anymore? Are there still shares? I'm very new to any of this and just feel very confused, excuse my naiveté. 

Thank you! 

Brie

A google turned up this quite old thread similar to your situation - i.e. finding out whether the share have any value.

Might be worth a quick read.  Meanwhile I see that ICI is currently holding steady at 667p a share.  Do you have enough for this to be worth chasing?

How do I check if a share certificate from 1963 is still valid? — MoneySavingExpert Forum

Imp.Chem. Share Price History - Historical Data for ICI

wmb194

Brie said:

A google turned up this quite old thread similar to your situation - i.e. finding out whether the share have any value.

Might be worth a quick read.  Meanwhile I see that ICI is currently holding steady at 667p a share.  Do you have enough for this to be worth chasing?

How do I check if a share certificate from 1963 is still valid? — MoneySavingExpert Forum

Imp.Chem. Share Price History - Historical Data for ICI

Where are you seeing ICI? It no longer exists. 667p was about the price Akzo Nobel paid to buy it.

DRS1

Is it your name on the share certificate?

Do you now have shares in AstraZeneca?

Have you looked at Wikipedia?

Imperial Chemical Industries - Wikipedia

What happened to all the dividends over the years?

wmb194

Confusedandconfused123 said:

Hi! 

I know this probably sounds really weird, but when I was 3 years old, I was brought some shares in Imperial Chemical Industries PLC. I have the certificate and everything. I just found them today. I have done some digging and understand that the company merged with another one back in 2008. I was just curious and very confused about if there is any use in the certificate anymore? Are there still shares? I'm very new to any of this and just feel very confused, excuse my naiveté. 

Thank you! 

Whose name is on the certificate? You need to be 18 to own shares so I'm guessing someone else must be on there or was named as a trustee? Can you ask them what's happened?

How old are they? In c.1993 ICI was split up and part ultimately became AstraZeneca and part was sold - the Dulux paint bit - in 2008 to Akzo Nobel. If you had them in 1993, you/your trustee should have received some shares in Zeneca which became AstraZeneca and the Akzo acquisition was all cash in 2008, 670p per share. 

IIRC ICI also paid dividends so where were they going?

Ultimately, if you have no one to tell you what happened, you can try contacting the share registrar. The problem is that this is all so long ago that if the registrar hasn't had your/your trustee's contact details any shares and outstanding cash may have been forfeited.

https://forums.moneysavingexpert.com/discussion/5849395/ici-zeneca-demerger-1993

https://forums.moneysavingexpert.com/discussion/6453599/ici-shares

https://www.reuters.com/article/business/autos-transportation/akzo-nobel-agrees-to-buy-ici-for-162-bln-idUSL13670210/

https://en.wikipedia.org/wiki/Imperial_Chemical_Industries

Brie

wmb194 said:

Brie said:

A google turned up this quite old thread similar to your situation - i.e. finding out whether the share have any value.

Might be worth a quick read.  Meanwhile I see that ICI is currently holding steady at 667p a share.  Do you have enough for this to be worth chasing?

How do I check if a share certificate from 1963 is still valid? — MoneySavingExpert Forum

Imp.Chem. Share Price History - Historical Data for ICI

Where are you seeing ICI? It no longer exists. 667p was about the price Akzo Nobel paid to buy it.

on the link I included.  must admit I did wonder at the price being so steady - you've explained why!!