BT is the world's oldest communications company and one of the world's leading communications services companies. It has an extensive global presence and serves customer needs in more than 170 countries.
Couldnt agree more, the board have been sending us in the right direction, you only have to click on the chart section of the BT page, select the 2y, 2y or 5y to get a good overall picture of how we are doing
Re your post yesterday, that is how the stock market works, you own a 'share' of a company, you elect the board to work on your behalf and vote for their policies or against them. If the majority vote for an Issue/ plan then it goes ahead. If the majority vote against a resolution then it doesn't go ahead ( and the board resign!! ) . Shareholders would only pay, in this case for a takeover of another company, if it was agreed to be a good plan as put forwards in a resolution by your board of directors. You will be able to vote for or against a possible take over and a system of paying for that take over, by more debt or a rights issue. What power we all have!! Good luck with your BT shares, I'm quite happy with the boards plans and co. direction.
At the end of your sharesave, which incidentally comes at a discounted value (provisionally 20%). You have the choice to a) exercise your option and take the shares or b) have your money back with any bonus that may have accumulated during the intervening period. No one will make you buy the discounted shares rest assured.
Eurotunnel , some years ago did a share consolidation ( where I think 1 share was awarded for every 20 held ) and this if I remember rightly was allied to a rights issue ------- the sharesave was cancelled .
I know in the past, on one occasion, our share save deal was adjusted so we got more shares at the end. I can't recall if that was when there was a rights issue or when the special dividend was paid or something else! So, I'm not much help - sorry.
RE: Rights Issue
What would happen to the employee sharesave schemes that have not reached their maturity. My point is that the scheme that you have signed up for is basically being diluted before its maturity and as you do not own the shares until maturity then would you be entitled to the RI ?
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