Donate SIGN UP

What happens to shares after takeover?

Avatar Image
gt43 | 15:39 Wed 16th Jun 2010 | Business & Finance
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?
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by gt43. Once a best answer has been selected, it will be shown here.

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
Question Author
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.
Question Author
Just looked again and this is exactly what I needed : )

1 to 3 of 3rss feed

Do you know the answer?

What happens to shares after takeover?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.