Link Group Asset Trace... any experience of them?

[ILikeCake]

I've had a letter from linkgroup.eu saying that I have some unclaimed dividends from some ITV shares I owned back in 2016.

Letter says to go to website and enter reference number to get details, but my suspicions were raised when I get a "Can't process claim online, call us" messgage. Buried in the Ts & Cs is mention of an administration fee. Reviews on TrustPilot are pretty ropey (putting it mildly): https://uk.trustpilot.com/review/linkgroup.eu

Liklihood of this being legit? Anyone got experience with them?

[xeny]

They're legitimate. Fees for tracking down abandoned dividends are likely to be pricey, but likely that's your only option to get any of the money isn't it?

[psi310398]

xeny said:

They're legitimate. Fees for tracking down abandoned dividends are likely to be pricey, but likely that's your only option to get any of the money isn't it?

Not really.

With a bit of sleuthing it should be relatively straightforward to find the company acting as registrar for ITV and get the money in exchange for a small fee for reissuing any dividend cheque.

[xeny]

psi310398 said:

Not really.

With a bit of sleuthing it should be relatively straightforward to find the company acting as registrar for ITV and get the money in exchange for a small fee for reissuing any dividend cheque.

Aren't Link the likely registrars?

[Zarco]

xeny said:

psi310398 said:

Not really.

With a bit of sleuthing it should be relatively straightforward to find the company acting as registrar for ITV and get the money in exchange for a small fee for reissuing any dividend cheque.

Aren't Link the likely registrars?

You'd have thought so.

[psi310398]

xeny said:

Aren't Link the likely registrars?

Link is not the registrar for any of my shares. I guess it might be a subsidiary of one of them but it would be a pretty poor show if it is the registrar to try to dun shareholders out of their money for this ‘service’ if it’s that easy to find them.

Anyway, whoever they are, simply applying in your own name for a reissue to the registrar will cost less.

EDIT - so a quick google does indeed have Link as registrar for ITV shares. I’d still suggest that the OP apply direct to the registrar. There is no need to pay this company.

I do also wonder what the GDPR implications are of passing on private financial information from one company to another (even if within the same ownership).

Edited by psi310398 on Saturday 30th September 15:44

[ILikeCake]

Thanks for the advice. I've pinged an email directly to the registrar. Prob only be a £3.25 dividend after all this

[ITVsharesquery]

Hey - I received my letter from Asset Trace + (part of Link Group)

Is it worth contacting ITV themselves to see if this is legit. There's nothing to say that a data leak of all ex-ITV employees could be the result of these letters.

[JagYouAre]

Don't contact ITV, contact Link Group (their share registrar):

Link Group, Central Square, 29 Wellington Street, Leeds LS1 4DL.

0371 664 0300

[ILikeCake]

Well... Good news is that the dividend was paid today. Now what to buy? Or reinvest and bring retirement forward?

[Zarco]

[psi310398]

ILikeCake said:

Well... Good news is that the dividend was paid today. Now what to buy? Or reinvest and bring retirement forward?

I really hate to pee on your chips but you have remembered to salt away Jeremy Hunt’s pound of flesh from that gross amount?!