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  • FIRST POST
    • joncombe
    • By joncombe 14th Mar 18, 8:44 PM
    • 256Posts
    • 106Thanks
    joncombe
    Company acquisition - Shareholders vote
    • #1
    • 14th Mar 18, 8:44 PM
    Company acquisition - Shareholders vote 14th Mar 18 at 8:44 PM
    deleted . . . . . . . . . . .
    Last edited by joncombe; 20-03-2018 at 6:34 PM. Reason: delete post
Page 1
    • gettingtheresometime
    • By gettingtheresometime 14th Mar 18, 8:59 PM
    • 3,710 Posts
    • 9,185 Thanks
    gettingtheresometime
    • #2
    • 14th Mar 18, 8:59 PM
    • #2
    • 14th Mar 18, 8:59 PM
    Do you actually own the shares or do you 'save' some of your salary to buy shares at a discount price after 5 years?

    I always thought that with these share save schemes you actually bought the shares in your own name & not in a trustees name .
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    • joncombe
    • By joncombe 14th Mar 18, 9:03 PM
    • 256 Posts
    • 106 Thanks
    joncombe
    • #3
    • 14th Mar 18, 9:03 PM
    • #3
    • 14th Mar 18, 9:03 PM
    Do you actually own the shares or do you 'save' some of your salary to buy shares at a discount price after 5 years?

    I always thought that with these share save schemes you actually bought the shares in your own name & not in a trustees name .
    Originally posted by gettingtheresometime
    Own. Essentially I put money and this is used directly to buy shares each month. In addition there are matching shares. In this case the company matches employee contributions, but the shares bought in this way have a 3 years holding period before they can be sold (conditional on still being employed). There are also dividend shares, which are bought with the dividends paid on the shares owned.

    The Equniti website shows how many of each type of share I have.
    • ssparks2003
    • By ssparks2003 14th Mar 18, 9:21 PM
    • 374 Posts
    • 511 Thanks
    ssparks2003
    • #4
    • 14th Mar 18, 9:21 PM
    • #4
    • 14th Mar 18, 9:21 PM
    As you are talking of a purchase in the region of a billion and you are a share holder within a staff share scheme the best that your vote would be if you had voting rights would be slightly less than sod all, something around 0.0001% or less. What exactly is your vote going to achieve exactly?
    • steampowered
    • By steampowered 14th Mar 18, 11:15 PM
    • 2,584 Posts
    • 2,520 Thanks
    steampowered
    • #5
    • 14th Mar 18, 11:15 PM
    • #5
    • 14th Mar 18, 11:15 PM
    If you wish to direct the SIP trustee, you should follow the instructions in the below question “How do I vote”.
    Originally posted by joncombe
    What does the "How do I vote" section say?

    I would have thought there would be an option to vote against the scheme.
    • lincroft1710
    • By lincroft1710 15th Mar 18, 4:08 PM
    • 10,726 Posts
    • 8,983 Thanks
    lincroft1710
    • #6
    • 15th Mar 18, 4:08 PM
    • #6
    • 15th Mar 18, 4:08 PM
    Non-voting shares are quite common for company share schemes. As ssparks says, your holding would carry a very, very, very minimal weight in the current situation.
    • bap98189
    • By bap98189 15th Mar 18, 4:37 PM
    • 2,832 Posts
    • 4,883 Thanks
    bap98189
    • #7
    • 15th Mar 18, 4:37 PM
    • #7
    • 15th Mar 18, 4:37 PM
    It is quit normal for there be different classes of shares and for each class to have different rights. I suspect your shares are classed as "non-voting" shares. They normally have the same rights with regards to dividend and capital return, but have no right to vote on matters concerning the company activities.
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