Royal Mail - shares payout

Royal Mail - shares payout

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Original Poster:

44,427 posts

211 months

Wednesday
quotequote all
Have people had their £££ from the takeover of IDS plc (aka Royal Mail)?

I had the minimum 227 shares and received £819 a few weeks ago but my eldest hasn't. I was just wondering if it's some kind of phased payment.

If all the payouts have been made who do we need to speak to to get our payment?

hidetheelephants

30,254 posts

208 months

Wednesday
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Not received anything yet.

Tighnamara

2,397 posts

168 months

Wednesday
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Received both ours middle of May, this was through Equiniti who held the shares.

Not sure that helps, may be worth giving who held your sons shares a call.

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Original Poster:

44,427 posts

211 months

Wednesday
quotequote all
Thanks both

It looks like payments are not all being sent out at the same time (I got mine in June)

I assume everybody gets paid and it's not just a subset of shareholders?

JoshSm

1,100 posts

52 months

Wednesday
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I got a cheque in May (?), someone else got theirs a bit later.

And someone else just got a letter reminding them they hadn't taken the payment (cashed the cheque?) but I'm not sure if they'd actually got one yet! Slightly vague on what's happening there.

princeperch

8,118 posts

262 months

Wednesday
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Sorry to jump on this.

My wife and I have the original 227 holding. I forgot to update the address when we moved 3 years ago.

I don't particularly want to sell the shares, but equally if they've been sold due to any failure on my part then fair enough. I've collected some post from my old house and I have about 20 letters that they've sent me, some of which were by registered post.

I cannot be bothered for tonight to look at all the letters. Perhaps tomorrow when I update the address

In the meantime what happens on the basis we didn't accept the offer and still retain the shares? An idiots guide please if poss.

hidetheelephants

30,254 posts

208 months

Wednesday
quotequote all
No choice, it's a buyout so your mail will hopefully contain a cheque.

princeperch

8,118 posts

262 months

Wednesday
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hidetheelephants said:
No choice, it's a buyout so your mail will hopefully contain a cheque.
I'm not sure that it would because for annoying reasons not worth going over I have the physical share certificates. That said I have most of them but prob not all of them.

How much of a ball ache is this going to be to resolve if I don't have all the share certs and how badly will they try and shaft me to replace them?

princeperch

8,118 posts

262 months

Wednesday
quotequote all
Ok so I've opened the post.

My wife and I have 4 cheques.

Both of us have a cheque for £28.72 which is a dividend confirmation

Both of us also have a cheque for £2.45 which was a cash residue.

No sign of any other cheques.

Shall I keep quiet and hope the dough turns up at the old house and grab the letter or shall I expose myself to a potential world of pain and try and resolve it?

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Original Poster:

44,427 posts

211 months

Wednesday
quotequote all
@pperch- have you been getting the dividends into your bank account? If so you should probably get the share sale money directly paid in as well

princeperch

8,118 posts

262 months

Wednesday
quotequote all
No they've been reinvested. No electronic account it's all been done over paper which I'm hindsight was obviously a massive mistake but it is what it is.

DSMSMR

248 posts

4 months

Wednesday
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coupla weeks ago got my £££

Panamax

6,222 posts

49 months

Wednesday
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Lost certificate fees etc here,
https://equiniti.com/uk/help-and-support/lost-cert...

Shareholder Helpline,
+44 (0) 333 207 6505

princeperch

8,118 posts

262 months

Thursday
quotequote all
If the certificates are for shares no longer traded it seems a little rich to charge me for replacement certificates!

I think I'll contact them to confirm receipt of their correspondence so they know I'm not dead and see if they send the cheque thereafterm

Panamax

6,222 posts

49 months

Thursday
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princeperch said:
If the certificates are for shares no longer traded it seems a little rich to charge me for replacement certificates!
Not at all. Without the certificate they don't know whether they're paying the right person. However, as the link I sent shows you may be away and laughing if the amounts involved are small.

princeperch

8,118 posts

262 months

Thursday
quotequote all
Panamax said:
Not at all. Without the certificate they don't know whether they're paying the right person. However, as the link I sent shows you may be away and laughing if the amounts involved are small.
Yes I've looked at that this morning and you're right the amounts aren't all that big. In fact if I can find the original 227 certificate then I might not have to pay anything at all for the subsequent certificates if I've interpreted it correctly

soad

33,931 posts

191 months

Thursday
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£819 doesn’t sound like a great return, and I’m being generous here with my words.

Tighnamara

2,397 posts

168 months

Thursday
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soad said:
£819 doesn t sound like a great return, and I m being generous here with my words.
Not sure the question was on value or not.

princeperch

8,118 posts

262 months

Thursday
quotequote all
Iirc the shares were 6 quid 2 years after issue. Should have sold then but didn't .

It has been a waste of time overall but better than losing money I guess.