Groups

    Compulsory share purchase

    One for you financial gurus here....

    My gf had shares in Northgate Information Solutions which was bought out in March 2007 and de-listed in March 2008. As she had moved home and not re-registered the shares at her new address she didn't get the letter to inform her of the buyout.

    Our question therefore is, is she too late to get the money for her shares ?

    3 Comments

    She needs to find out who the Company Secretary is for the company that bought out NIS (Companies House will help you with this), then write to that Company Secretary, providing details about the shares (share certificate number/s if known, otherwise as much info as possible).

    Companies are not allowed to 'ignore' unknown shareholders - if the shares are sold then the money has to be set aside in case the owner of the shares gets in touch.

    usually shareholders receive a cheque, they'll have sent to your old address. you best off ringing em

    Original Poster

    cis_groupie;4103347

    She needs to find out who the Company Secretary is for the company that … She needs to find out who the Company Secretary is for the company that bought out NIS (Companies House will help you with this), then write to that Company Secretary, providing details about the shares (share certificate number/s if known, otherwise as much info as possible).Companies are not allowed to 'ignore' unknown shareholders - if the shares are sold then the money has to be set aside in case the owner of the shares gets in touch.



    We know who bought them out, just wondered if there was a cut-off time after which you didn't get the money for your shares. We've contacted the registrars and will go down the Company Secretary route if no joy there. Thanks for your time, rep added.
    Post a comment
    Avatar
    @
      Text
      Top Discussions
      1. Are these two things distinctly different to you?99
      2. So, whose already pre-ordered a Scorpio and where from?44
      3. ❅☁☁❅ I want☼to talk☼about the☔WEATHER☔no politics☃no religion❅☁☁❅18846240
      4. 'Hard' Brexit offers '£135bn annual boost' to economy - BBC News66

      See more discussions