The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Cheque arrived now , but will sadly miss dividends , GLA with your new investments
Paper cheque received this morning...
"all RSA ordinary share certificates dated prior to 29 May 2021 are now invalid and should be destroyed...."
thats the shredder doing overtimethen... all that cupboard space....
No paper cheques yet… :-(
Held on paper , be a longer process no doubt, I'm use to been very very patient with shares
Monies were paid into Halifax accounts yesterday so yours should be along soon!!
Still no pay out
Monies have been credited on a Halifax share dealing account this morning.
.... and for all the others amassed over the years with various share-saves, the post will no doubt be a little longer.
End of an era...
The money went into my ii account yesterday, although I wasn't expecting it till the 15th !
RSA states payment will be received no more than 14 days after 2nd June, will miss the large cheque from divs
Nothing in Bank or a cheque, or a letter from RSA explaining, what is happening , guess a google search needed
when will we hear the final quack from this dead duck and get SOME of our money back ?
Anybody tell me what's going on14 r&s without from different company on here
This take-over is dragging on. Having invested in this "dead Duck", the view of the market, not my opinion. Looking forward to getting some of my money back, after 20 years of R S A failure.
No dividend at all. Besides RSA's dividends are extremely low!
No, not at all.
Not much info forthcoming - much of what is available on link below fwiw
https://www.rsagroup.com/investors/offer/statements-regarding-offer/
Long Stop Date (1) 18 November 2021
(1) This is the latest date by which the Scheme may become effective. However, the Long Stop Date may be extended
to such later date as may be agreed by Regent, Tryg A/S (“Tryg”) and RSA(with the Panel’s consent and as the Court
may approve (if such approval(s) are required)).
Has a date been given yet when we will receive the cheque, does anyone know
As expected no dividend !
If memory services any further dividend will be deducted from the 685 offer price. I am not sure if there is a cut-off date for due diligence or any financial penalty if the process is dragged out for a long time.
Could there be another Divi before takeover is completed.
Still 6 months for this deal to close. Assuming the mid point of Q2.
(685 / 677) ^ 2 -1 = 2.4% annualised. However, potential future dividend payments may effect this.
https://mergerarbitragelimited.com/rsa-insurance-group-rsaif-acquisition/
No mention of the Preference Shares. What happens with these?
Thanks Wolfbag.... very much appreciated :-)
At 672 it appears the II believe it is a done deal. Funding is in place and DD shouldn't be too much of a concern
685 (soonish) v 672 (now) - less than 2%
I can make more than 2% today with that money - nice profit over all
GLA
Spike - Yep totally correct - you'll also receive your divi
Ageos - Noted !