Statement of Outstanding payments + fees ...Equiniti

ShazzaDazza

Hi can anyone advise? Had a letter through from Equiniti that I dont understand. A previous employer ..saying I have a statement of outstanding payments..and there's a management fee payable?

Ive no idea what this letter relates to..I haven't sold any shares (that I know of) There was a de merger but I have been issued a statement for shares in the New company, so no idea what this statement is for..not ever seen one like this.

of course can give Equiniti a ring but thought id ask the MSE universe so I can get my dumb Q out of the way amongst friends Lol

wmb194

https://forums.moneysavingexpert.com/discussion/6656405/statement-of-outstanding-payments-fees-equiniti

Can you give more details of what the letter says?

ShazzaDazza

https://forums.moneysavingexpert.com/discussion/comment/81894158#Comment_81894158

hope this is ok.. had to cover up some details.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81894207#Comment_81894207

It's phrased oddly but it looks like it's saying Equiniti owes you money and you need to get in touch with it before 27/02/26 to claim it. If you don't there will be an annual £10 admin fee and this fee will continue to be charged until you either claim the money or what's owed to you is extinguished by the fee. If I were you I'd call Equniti in the coming week.

It mentions, "new valid account details" so perhaps it doesn't have your bank account details so cannot just send the money to you.

ShazzaDazza

https://forums.moneysavingexpert.com/discussion/comment/81894228#Comment_81894228

Mmmmmn I agree that its oddly phrased. agreed ill ring equiniti, but worried there's a CGT charge i didnt see coming... Eeeek.... Thank you

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81894231#Comment_81894231

How much are we talking about? Were shares sold? Usually demergers are either a capital reduction for the original holding and that's the starting value of the demerged holding or it's classified as a dividend. Which company and which demerger?

JGB1955

I had one of those on behalf of my (deceased) father. I/he had been sent a cheque for a dividend, payable in euros (my father had ticked the wrong box for RDS dividend payments). The cheque remained un-presented for several years. I then got 'the' letter as his executor. Eventually (5 years+ later) I persuaded them to donate the €16 to charity…..

ShazzaDazza

https://forums.moneysavingexpert.com/discussion/comment/81894233#Comment_81894233

will have to ask Equiniti how it arose. thanks for your help!