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lastminute.com shares
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Hello,
I bought �133 of these shares at 380p on its IPO in 2000. Then I forgot all about them.
I've lost all my paperwork and have now learnt that the company went private in March last year.
Does that mean my money has gone forever?
I bought �133 of these shares at 380p on its IPO in 2000. Then I forgot all about them.
I've lost all my paperwork and have now learnt that the company went private in March last year.
Does that mean my money has gone forever?
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My maths says you bought 35 shares; if you were still the registered owner when the Company went private then you will be entitled to 35 x the purchase price.
The purchase price was 165p per share, so you should receive �57.75 - a loss, clearly, but not a total loss.
If you have no paperwork - and as a shareholder you would have been sent details of the proposed purchse - then you shoud contact the Company's then Registrars, whose details can be found heremy label.
The announcement of the completion of the sale was made on 29 June 2005 - nearly three years ago, and said inter alia:
"Shareholder Approvals
"On 12 May, 2005, Sabre and lastminute.com announced they had reached agreement on the terms of a recommended cash acquisition of lastminute.com at a price of 165 pence per lastminute.com Share to be effected by means of a scheme of arrangement under section 425 of the Companies Act, and to be made by Travelocity Europe. On 6 June, 2005, lastminute.com despatched to lastminute.com Shareholders a circular (the "Scheme Document") containing the terms of the Acquisition.
"Sabre and lastminute.com are pleased to announce that, at the Court Meeting held earlier today, the Scheme was approved by the requisite majority. Subsequently, at the Extraordinary General Meeting, the special resolution required to implement the Acquisition was also passed by the requisite majority.
"In accordance with the Scheme, lastminute.com Shareholders will, within 14 days of the Scheme becoming effective, receive 165 pence in cash for each lastminute.com Share held at the Scheme Record Time."
So you should have received your cheque in 2005.
All lastminute's press releases - including statutory Stock Exchange announcements - can be found 16:01 Fri 14th Mar 2008
The purchase price was 165p per share, so you should receive �57.75 - a loss, clearly, but not a total loss.
If you have no paperwork - and as a shareholder you would have been sent details of the proposed purchse - then you shoud contact the Company's then Registrars, whose details can be found heremy label.
The announcement of the completion of the sale was made on 29 June 2005 - nearly three years ago, and said inter alia:
"Shareholder Approvals
"On 12 May, 2005, Sabre and lastminute.com announced they had reached agreement on the terms of a recommended cash acquisition of lastminute.com at a price of 165 pence per lastminute.com Share to be effected by means of a scheme of arrangement under section 425 of the Companies Act, and to be made by Travelocity Europe. On 6 June, 2005, lastminute.com despatched to lastminute.com Shareholders a circular (the "Scheme Document") containing the terms of the Acquisition.
"Sabre and lastminute.com are pleased to announce that, at the Court Meeting held earlier today, the Scheme was approved by the requisite majority. Subsequently, at the Extraordinary General Meeting, the special resolution required to implement the Acquisition was also passed by the requisite majority.
"In accordance with the Scheme, lastminute.com Shareholders will, within 14 days of the Scheme becoming effective, receive 165 pence in cash for each lastminute.com Share held at the Scheme Record Time."
So you should have received your cheque in 2005.
All lastminute's press releases - including statutory Stock Exchange announcements - can be found 16:01 Fri 14th Mar 2008
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