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Thread: Shareholders letter

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  1. #1

    Re: Shareholders letter

    I got a letter as well.

    Total gobbledygook to me.

    Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

  2. #2

    Re: Shareholders letter

    Quote Originally Posted by Michael Morris View Post
    I got a letter as well.

    Total gobbledygook to me.

    Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.
    Glad it's not just me then ! Doubt it's good news for small investors.

  3. #3

    Re: Shareholders letter

    Quote Originally Posted by Michael Morris View Post
    I got a letter as well.

    Total gobbledygook to me.

    Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.
    Can’t understand a single word of that letter! Looks like they are issuing new shares with a nominal value of £0.01 having the same rights as ordinary shares with a nominal value £0.10 but no idea what that actually means!

    There is an option to sign but not returning the forms means you dont agree - which seems unusual as not doing anything is probably the default setting of most of the small investors

  4. #4

    Re: Shareholders letter

    Quote Originally Posted by Michael Morris View Post
    I got a letter as well.

    Total gobbledygook to me.

    Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.
    Mike

    We checked this morning and the Trust as a shareholder have not received a letter. I have chased up the club on this but, in the meantime, if someone can scan and post a copy of the letter on here I will be free later to comment on it

    Keith

  5. #5

    Re: Shareholders letter

    Quote Originally Posted by Ninian1962 View Post
    Mike

    We checked this morning and the Trust as a shareholder have not received a letter. I have chased up the club on this but, in the meantime, if someone can scan and post a copy of the letter on here I will be free later to comment on it

    Keith
    If someone could do that it would be great. I’m travelling this afternoon and I don’t have the letter with me

  6. #6

    Re: Shareholders letter

    Quote Originally Posted by Michael Morris View Post
    I got a letter as well.

    Total gobbledygook to me.

    Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.
    Same here!

    I bought my shares many years ago but never expected to make any money out of it (and I haven't been surprised in that regard). At the time I equated it with giving money to a charity.

  7. #7

    Re: Shareholders letter

    Quote Originally Posted by Gofer Blue View Post
    Same here!

    I bought my shares many years ago but never expected to make any money out of it (and I haven't been surprised in that regard). At the time I equated it with giving money to a charity.
    Same here

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