otemple10 Aug 2018 10:33
Hi
I hope this helps.
I have deleted my name and precise amounts available.
Credit to H/L
Professional to the hilt.
They are even having to buy back on open market.
A lot of shares!
I trust that they will be successful in reclaiming from the registrars (Link Asset Management)
I have cut the unnecessary part of the letter at the end .
I hope this assists you in claiming from ii. I don't think they have treated you investors very well.
''Dear Mr..............................
What has happened?
As you will be aware, we recently took part in the Trinity Exploration & Production plc Subscription Offer. The terms of the offer stated that shareholders could purchase new Shares at 15p each.
After applications were submitted, Trinity Exploration & Production plc took the decision to satisfy the first £10,000 of each application and scale back any applications in excess of £10,000.
Regrettably, Trinity Exploration & Production plc did not contact us as a Nominee to find out the number of underlying Shareholders included in our application. For this reason our application was treated as a single application and we were not credited with the first £10,000 of each individual client’s application. As a result all elections have been scaled back with Hargreaves Lansdown clients receiving approximately 27.87% of the Shares applied for.
How has my portfolio been affected?
Following the Subscription Offer your HL Fund & share Account has been updated as follows:
Total number of Shares successfully purchased through the Subscription Offer and credited to your HL Fund & share Account: ....... Shares
Cost per Ordinary Share: 15p
Total Cost: £.........
Cash in respect of any unsuccessful elections has been credited back to your Account.
What happens next?
We recognise that the result of this offer is not what you would have wanted. In order to put this right, we would like to offer you the option to be placed in the position you would have been had the scaling back been applied as expected. This means that we are offering you the opportunity to purchase ....... additional Trinity Exploration plc shares at 15p per share for a total consideration of £............
What do I need to do?
If you would like to purchase additional shares please call our Helpdesk on the number below with your debit card to hand by ........ ..... August. Our agent will take payment of the outstanding £ and ensure that your account is credited with an additional ............. Trinity Exploration plc shares.''