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'someone' told me that B&B would be writing/doing something, re their shares, 'shortly' (This was told to me at Xmas). I am referring to the 250 free shares allocated some years ago. Ceased trading last year at 20p I think. Anyone know ?? Thanks
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879The general opinion is that the shares are worthless now. However, there should be something coming from someone eventually. It is quite possible that they are waiting to see if there is a challenge to the process under Northern Rock before proceeding with B&B.
Don't hold out any hopes. If you get anything it will be a bonus.
Posted on 12 February 2009 |
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32I get the odd contact from the shareholders association (or something like that) which is currently considering various legal challenges. I've previously posted on this subject where to me the biggest beef was the £400m capital they raised to solve their liquidity/solvency problems just before they collapsed in to a heap with liquidity/solvency problems. Fraud or Theft? - you choose.
Posted on 12 February 2009 | Love 0 loves
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0I see that today the Northern Rock shareholders attempt to get compensation, has been 'binned' by the High Court - ARE B&B shareholders attempting something like this ?
(I get no contact from the 'shareholders assoc' - is there a contact address/email, please ?)
Posted on 13 February 2009 | Love 0 loves
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32The contact to me is through my share dealing account, it is from UKSA and this link may help www.uksa.org.uk/BradfordBingley.htm
Posted on 13 February 2009 | Love 0 loves
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thanks Cpt Flak - just received this
Your Ref:
In reply please quote: H55/JH/CHARM087628
Friday 13 February 2009 Direct Dial: 01535 276407
Thank you for your recent communication.
All shares in Bradford & Bingley were transferred to the Treasury at 8am on 29 September 2008.
On 18 December 2008, Parliament issued the Bradford & Bingley Compensation Scheme Order which includes the details of the compensation scheme for determining the amount of any compensation payable to persons who held Bradford & Bingley shares immediately before they were transferred into public ownership.
The scheme proposed provides for the Treasury to appoint an independent valuer who will set his own procedures for valuing the amount of any compensation payable. In conducting his valuation, he will be required by legislation to assume that at the time that Bradford & Bingley was taken into public ownership public support had been withdrawn and no further public support would be provided.
The Treasury will announce the appointment of the independent valuer following a selection process in due course at which point further information will be made available on our website.
Yours sincerely
James Hastie
Customer Relations Officer
Posted on 13 February 2009 |
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