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Boyporche,
You asked for a clip of last week's event. I don't read all the material on this board but if you register with Investor Meet Company (it's free) you can replay the whole event. See:
https://www.investormeetcompany.com/investor/meeting/update-following-closed-agm
Apologies if this has already been referenced.
Hi LionelFancy,
Prior to the Open Offer to shareholders, the bid price was above 3p. Immediately the offer was made public this dropped to just below the offer price (2.5p). If it hadn't, many holders would, I guess, have tried to sell as many shares as they were entitled to buy at the offer price and just buy them back under the offer at 2.5p. Dropping the bid price to just below the offer price would stop a lot of this..
However, as others have noted, you would still do this, eg sell at 2.4p if you wanted to take up the offer in order to give funds to QFI (to ensure they continue in business) without actually having to increase the amount of money you've invested in QFI. I have done this.
Hi DPExplorer, I don't know about Barclays, but I hold QFI shares in ISA share accounts with Halifax and II and have recently taken up the OO in both (and applied for a few more in one of these). If your shares are held in an non-ISA share trading account then I can understand Barclays position, otherwise not.
Thank you for this paulem. You are spot on. In the end, and after our holiday, I got a letter from HSDL stating my share ownership. Whitbread (via Link Asset Services for Whitbread) were happy to send the shareholder card on receipt of a scanned copy of this sent as an email attachment. Looks like we'll need to repeat this exercise next year if the offer continues. Luckily, Premier Inn accepted the out-of-date card as proof. I can thoroughly recommend Worcester Premier Inn. The hotel is new, overlooks the River Severn and the county cricket ground, the sun was shining and Worcestershire CCC were playing.
Has anyone else not received their shareholder benefit card for next year? Current one expires on 31 May 2018. We need it to get Sunday FOC at Premier Inn this weekend. Our shares held via Halifax Share Dealing and I suspect they haven't asked Whitbread for the card as they have in the past. Any help/suggestions appreciated.
Thanks very much for taking the trouble to reply, NigWit. It's helpful to know that at least the Halifax is consistent. My Somero shares are in an ISA and so I guess, proportionally, I've got more to lose. I'll have a go at Somero and CREST if I can find a suitable contact. Reading a bit about the W-8BEN form it seems that the payor should be the organisation to receive the form. I would have thought that this was Somero, though I guess it could be CREST if they are handling the tax business. I'll see if one or the other is interested in receiving the form from me! I won't be holding my breath. I'll post any success I have here.
My first post. I hold Somero share through Halifax online share dealing. As instructed by Halifax I completed a W8-BEN form to avoid US withholding tax. In spite of doing this, Halifax did not implement anything and my recent dividend payment was reduced considerably. I contacted Halifax my email and they said that the dividend for Somero is not eligible to receive the reduction in withholding tax which is covered by the W8-BEN, as this stock pays its dividends via the UK settlement market,(CREST), which allows for the dividend to be re-invested (foreign settled stocks cannot be automatically re-invested). The exchange rate used on the day was 1.3075 USD to GBP, however the 30% deduction at source meant that the recent dividend of 8.6 US cents equated to 4.603 pence per share by the time it reached my account. My question is: do other PIs here hold shares with other share dealing companies (i.e. not Halifax) who are able to sort this out for their investors through receipt of a W8-BEN form?