ChatterBank0 min ago
What happens to shares after takeover?
3 Answers
Last weekend I discovered an old share certificate for Mecca Leisure shares while having a clearout. I think that Mecca were bought, ages ago - I think by Rank - and possibly again after that. As far as I'm aware nothing was done at our end to register the shares with Rank (or whoever owns it now) - so can we still claim the shares, and if so, how?
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For more on marking an answer as the "Best Answer", please visit our FAQ.The registrars should have issued either a new share certificate or sent a cheque in respect of the offer (depending whether it was an all cash offer or share option). Companies House should be able to inform you, as follows:
http://www.thisismone...494926&in_page_id=137
http://www.thisismone...494926&in_page_id=137
Thank you. My recollection (although I might be remembering wrong) is that we were asked to confirm whether we wanted our investment to be carried forward as shares in the new company. I'm pretty sure there was neither a cheque nor a new certificate (we'd have had to surrender the old share cert in order to get the new one, I think) - and because of family problems at the time, that didn't happen.
I'll try Companies House - thanks again for that.
I'll try Companies House - thanks again for that.
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