Unclaimed share dividends

[Deleted User]

Hi,

seems you were offered £1.50 a share in July 2007, and takeover completed

September 2007, have a look here for more info.

I would contact Sky first and see what they say, try 020 7705 3000.

elektra

If anybody still not dealt with letter from Capita Tracing ..

I too received one of these letters. Didn't see why we should have to pay Capita tracing a cut, so phoned Capita Registrars ( a phone number from www.saynoto0870.com) and they confirmed that there was an unclaimed dividend (National Grid) from 2002 and all we had to do was write to them and the cheque would be re-issued.

The address I wrote to was

Capita Registrars
PO BOX 1269
Huddersfield
HD1 9UT

Wrote to them and cheque received very quickly ( 10-14 days).

First class stamp was cheaper than going through Capita Tracing

HTH

Cozworth806

Can I ask if you have all changed your method of payment to a direct mandate into your banks now?

elektra

Most of ours are anyway. One above dates back to 2002. good idea to remind people about paying dividends straight into bank.

Tyler08

I too received communication from Capita Tracing Solutions in Beckenham. They advised me that the National Grid had a cheque for £1600 waiting for me. Since I wasn't expecting any money at all I chose to take up their offer and write off the 15% + VAT.

I received a letter from them on 03 July thanking me for completing the claim form and advising that the cheque would be sent within 30 days.

Guess what's coming next? I have still not received a cheque!

I have phoned them twice to be told that they are experiencing "A System Failure" and my cheque would be posted in 2-3 weeks. Has anyone else had experience of this?

I wouldn't mind if this had cost me nothing but I relied on the cheque coming, spent more than I had and now have an overdraft which is costing me.

I’ll try the Capita Registars route and see how that goes.

Regards

Tyler

(I wish I had found this place earlier!)

sparklinglime

I've been handed a Capita tracing solution letter from the person who bought my parents' house in May 1997. It says there is £296.18 unclaimed dividends in my father's name.
My Dad died in 1991, although my mother never changed the name on any shares. My mum died in 1996. I don't recall every seeing National Grid shares.

Please can someone advice me what to do? The letter is dated July and the offer ended on 30 September.

Thank you very much.

elektra

sparklinglime wrote: »

I've been handed a Capita tracing solution letter from the person who bought my parents' house in May 1997. It says there is £296.18 unclaimed dividends in my father's name.
My Dad died in 1991, although my mother never changed the name on any shares. My mum died in 1996. I don't recall every seeing National Grid shares.

Please can someone advice me what to do? The letter is dated July and the offer ended on 30 September.

Thank you very much.

see above post 13

sparklinglime

Thank you very much :beer:

mcessex

I too received letters from Capita Tracing regarding unpaid National Grid dividends from 2005.

The reason has now become obvious to me. In June 2005 National Grid Transco proposed "Return of Cash to Shareholders of 65 pence per Existing Ordinary Share, by way of one B Share for each Existing Ordinary Share and a 43 for 49 Share Capital Consolidation and Notice of Extraordinary General Meeting" (look for this link : nationalgrid.com/NR/rdonlyres/B0D94B6C-368B-47F1-9C6E-B59513A44822/414/circshare0406.pdf). This was one of their interminable changes to the share structure and/or company name, whereby the initial 10 pence shares changed from 11+13/17 pence each on 31 July 2005 to 11+17/43 pence each on 1 August 2005.

On 1 August 2005 a new share certificate for the 11+17/43 pence shares was issued to me, consisting of two A4 pages joined and folded like a booklet, with the certificate on 'page 1'.

At the same time National Grid issued a dividend cheque and a smaller value cheque for the 'B' shares which I did not take up. These cheques were printed at the bottom of two joined A4 pages and were folded face in as a booklet, so that 'page 1' appeared as a blank page. As an additional measure of concealment, the cheque booklet was placed within the certificate booklet, ie as pages 3..6 of the 8 pages.

As per usual, without reading the attached 'small print' attached to the certificate, I filed it away. It was only a few days ago when reviewing my certificates for another reason that I discovered the two 'hidden' cheques. Had the cheque pages been folded in the same manner as the certificate pages and also not included within the certificate pages, then I would definitely have found them back in 2005 and been able to make use of my rightful dividend proceeds at that time.

I suspect that you and others will find your missing cheques hidden within your share certificates. A sceptic might suspect that Capita registrars had found an underhand way of taking their own '15% dividend' from a proportion of National Grid shareholders. National Grid has also benefited from an interest-free loan of all the unpaid dividends. The whole nature of their mailing suggests that a large number of dividend cheques were not cashed in during 2005.