Shareholder - Idiot Guide to Required Action?

meryll83 · Jan 31, 2015

So do I just need to make sure I have £12.50 credit, click sell next to the bottom line and go through those steps?

Then what happens in terms of a payback? It's immediate? Coz doesn't it say something about just 'trying' to sell them?

cazspence · Jan 31, 2015

meryll83 said:
So do I just need to make sure I have £12.50 credit, click sell next to the bottom line and go through those steps? Then what happens in terms of a payback? It's immediate? Coz doesn't it say something about just 'trying' to sell them?

The 12.50 would just come off the money you would get. Doesn't need to be credit in your account.

Ware Bears · Jan 31, 2015

No need to load up your account, as cazspence said the £12.50 comes out of the proceeds.

And yes, just click the sell on the second line, it takes you to another page where you can check it all before confirming it, and once the sale is completed it will say executed. Within a few minutes of this I saw the proceeds appear where it says how much £ you have available to invest, in a few days that figure will also appear where it says how much £ you can withdraw, then you can transfer it to your bank account.

missiemouse · Jan 31, 2015

Thanks for this. Fingers crossed they can sell them for me!

bpeacock · Jan 31, 2015

I am so confused, so what do we do when we have 100 shares, are we still to go on Halifax site and sell our rights.

What happens if we do nothing? :confused3

.

I just don't know what to do. I have 101 shares and want to keep in the shareholders club.

Thanks

Update: just being on Halifax account and it states in the letter I had til 30 January 23.59 to make a decision, then this gives Halifax time to process it, so looks like I missed out on selling rights.

eeyorefanuk · Jan 31, 2015

I think I have messed up

I only have 24 shares. I didn't realise you had to increase to 100 before 16 jan

I didn't buy any so as I only have 24 shares isle my membership when the two years runs out?

Selftrade only gave me til 5pm Friday gone

tennisfan · Jan 31, 2015

Disneyfied family said:
Hope this may help someone. I have just spoken to Halifax share dealing who say I have until 6/2/15 to trade these 'writes' and to try after 8am on Monday.

bpeacock said:
I am so confused, so what do we do when we have 100 shares, are we still to go on Halifax site and sell our rights.

What happens if we do nothing?.

I just don't know what to do. I have 101 shares and want to keep in the shareholders club.

Thanks

Update: just being on Halifax account and it states in the letter I had til 30 January 23.59 to make a decision, then this gives Halifax time to process it, so looks like I missed out on selling rights.

As mentioned above, the poster spoke to someone in Halifax who said they had until 6th Feb to trade

meryll83 · Jan 31, 2015

Thanks for the advice everyone - think I've finally got this!!

As long as my original shares stay with me and I can just sell my rights, I'm in!

Anyone know what time the markets reopen on Monday?

Ware Bears · Feb 2, 2015

meryll83 said:
Thanks for the advice everyone - think I've finally got this!!

As long as my original shares stay with me and I can just sell my rights, I'm in!

Anyone know what time the markets reopen on Monday?

8am if not before - good luck!

Ware Bears · Feb 2, 2015

bpeacock said:
What happens if we do nothing?.

The Halifax say they will endeavour to sell all unexercised rights on your behalf but whether they mean they will do this automatically or only if you instruct them to sell them. :confused3

I think you need to phone them to clarify it. It was quite clear with my French shares that if I did nothing they would have become worthless and void. The deadline to sell these rights is Friday, but of course depends on the market, if no one wants to buy them they won't be worth anything.

bpeacock · Feb 2, 2015

Just been on the phone to Halifax, apparently you cannot sell your rights over the internet anymore and have to do it over the phone, they will honour the commision price for me of £12.50 and the exchange rate is currently £1.32. I have instructed them to sell my rights and if they are sold the money should be in my share account on Friday.

So I would recommend if anyone is thinking of doing nothing to at least sell their rights, at least it is a bit of extra money in your pocket, mine is going towards my trip in August, so to me Disney is still getting my money back. lol

Thank you for the advice Ware Bears, maybe you should start charging commision for your advice. lol

meryll83 · Feb 2, 2015

bpeacock said:
Just been on the phone to Halifax, apparently you cannot sell your rights over the internet anymore and have to do it over the phone, they will honour the commision price for me of £12.50 and the exchange rate is currently £1.32. I have instructed them to sell my rights and if they are sold the money should be in my share account on Friday.

So I would recommend if anyone is thinking of doing nothing to at least sell their rights, at least it is a bit of extra money in your pocket, mine is going towards my trip in August, so to me Disney is still getting my money back. lol

Thank you for the advice Ware Bears, maybe you should start charging commision for your advice. lol

Looks like it will still let me do it online.
One last question before I do this - I'm not giving up my rights to ever by shares again am I? Just this particular offer?
i.e. If they put the membership minimums up in future I can still buy more?

bpeacock · Feb 2, 2015

To be honest that is something I never asked, as I just presume it will be the same as before where you click onto buy and buy whoever shares you want.

I must have drove him mad though as I kept saying, this will still mean I keep my original 101 shares won't I.

Just had an email from Halifax to say my Trade has been executed.

Just checked on my Halifax Account and I still have the original 101 shares, under my current valuation, but the new EuroDisney shares have dissapeared. If i go into Dealing History, the new shared are listed in there and I now have £150.00 credit in my account. So i got a bit less than Ware Bear but £150.00 I was not expecting. yipee

missiemouse · Feb 2, 2015

I think £150 sounds right as it takes off the £12.50 commission. I think I have got the same although I can't withdraw the money yet. Just about to pay for our APs so that will go nicely towards paying for that. Thanks a lot everyone who has helped work this out :thanks:

tiggerifictiggers · Feb 2, 2015

I've chosen to exercise my rights and purchase the additional shares, credited my Halifax account but the money's still sitting there. Do I need to do anything? My important notification letter stills says I chose Option1 -- does anyone know when Halifax will buy the additional shares for me? Thanks all in this rather confusing time

missiemouse · Feb 2, 2015

The actual deadline is this Friday, but Halifax needed instructions by last Friday to give them time to process the order. Presumably it's more complicated than usual trading which is done instantly. So as long as your account says you have opted to buy I'm sure you will have them by Friday. You could ring Halifax if you're worried though.

tiggerifictiggers · Feb 2, 2015

missiemouse said:
The actual deadline is this Friday, but Halifax needed instructions by last Friday to give them time to process the order. Presumably it's more complicated than usual trading which is done instantly. So as long as your account says you have opted to buy I'm sure you will have them by Friday. You could ring Halifax if you're worried though.

Ah fab, thank you. May just give them a call to be sure

tiggerifictiggers · Feb 2, 2015

Just to let anyone know who's exercised their rights and accepted the new shares that after speaking with Halifax they said the expected date for shares to hit accounts is 20th Feb as the advice date for the corporate event was only last Friday!!

cherrymarzipan · Feb 2, 2015

Thank you. I chose to purchase too although I'm in no way certain that I did the right thing.

Mummy Minnie · Feb 2, 2015

Thanks for all the advice. I've sold my rights this morning online & had contract note through. I would never have realised it was possible to do this. Thanks Warebears. I read online about rights issues, & it says the company will try to sell for you but you're likely to get less money if you haven't instructed them to sell.

Shareholder - Idiot Guide to Required Action?

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