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You would probably have to wait until it appears on HMRS' negligible value list (for example like with intu properties) here:
https://www.gov.uk/guidance/negligible-value-agreements
to handle it with your SA for tax purposes (if those are not on ISA)
If that the case why are my Shares in NMC still held in my H&L Account? Surely if this is a non-starter these would have disappeared a long time ago? They still seem to be live on system somewhere waiting for a decision on whether to re-float and gain additional funds on a raise? Maybe, not sure but my account still shows the shares as an entity?
Monty74: the new entity that owns the hospitals, health centres etc. of the former NMC Health plc may apply one day for an LSE listing, it’s possible. Though this time the UK regulatory agencies would want to take a very long look at it first. In any case, it won’t be of any but academic interest to the disenfranchised ex-shareholders of the former FTSE100 company, who have lost their investment. That company has been reorganised and now has new owners.
Sorry for my ignorance but will they list on the FTSE again?
Appreciate your reply. thnks
monty74: NMC is coming out of administration on 16 December and control will then be transferred from the administrators, who’ve been, in effect, running it for the past 19 months or so, to the new owners. These new owners are a consortium of creditors - largely the banks who lost a lot of the money they’d lent to the company when it was allegedly robbed/defrauded. They own the company. They may decide to run it for a while themselves or they may sell it or its assets. The people who owned the shares when it was a FTSE100 company have lost their investment.
The whole thing is an outrage. Dishonesty, lax Board oversight, questions over the audit, absence of effective regulation. I feel extremely sorry for small shareholders in it, they were entitled to honest management of their company and a far more effective regulatory environment.
Are they seriously going to start trading on Dec 16th.. Even if they come back at a £1 we still have a small chance! YES/NO
Any glimmer of hope? even a small one.. i've lost a fortune :(