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[Slimy yet satisfying]

Confused!
Own 101 shares through Halifax, got email but am not sure what I should be doing. If i choose not to buy additional 1 euro shares (money a little tight just now 2 kids at uni) and keep my original holding do i need to do anything via Halifax. What impact will doing nothing have on a) the value of my holding and b) my shareholder membership? Any info appreciated...I thought i knew what i was doing...apparently not!

[A&S&O]

Confused!
Own 101 shares through Halifax, got email but am not sure what I should be doing. If i choose not to buy additional 1 euro shares (money a little tight just now 2 kids at uni) and keep my original holding do i need to do anything via Halifax. What impact will doing nothing have on a) the value of my holding and b) my shareholder membership? Any info appreciated...I thought i knew what i was doing...apparently not!

If you don't instruct Halifax to do anything, they won't do anything. You will still hold 101 shares.

Those 101 shares will be valued at the market rate (currently 1.25 euros).

If you buy extra shares at 1 euro, you can sell them for 1.25 euros to offset some of the loss in value of your original holding.
If you go this route, the money you spend on the new shares will be held up between the time of purchase and the time you can sell.

DLP say they will allow current members to remain as members with the minimum 100 shares. No one knows if this agreement will last forever.

[Slimy yet satisfying]

Sorry, not sure what you mean by held up.
Will halifax charge for purchasing these extra issue shares?
Is there a minimum time we would need to keep the additional shares before selling them?
Thanks

[A&S&O]

Sorry, not sure what you mean by held up.
Will halifax charge for purchasing these extra issue shares?
Is there a minimum time we would need to keep the additional shares before selling them?
Thanks

Sorry, by "held up" I meant the time between you being able to buy the shares at the preferential rate and being able to sell the shares at the preferential rate. So there would be a time when you held the shares and didn't have the money - you couldn't buy and sell at the same time.

I'm not sure if the Halifax will charge for buying and selling (potentially around £12 x2). Its a corporate action, so I don't know if they charge for that. By the way, I think you have until 30th January to choose.

There is a date that the buy-back will take place but I can't remember what it is. Its buried in one of the documents that were issued. February 20th is mentioned somewhere.

[mickeyspal]

Sorry, not sure what you mean by held up.
Will halifax charge for purchasing these extra issue shares?
Is there a minimum time we would need to keep the additional shares before selling them?
Thanks

Halifax are not charging an admin fee for the corporate event in my ISA stocks & shares account, although I think they would charge if I decide to sell thereafter. I don't know about other accounts but I assume if they are not charging 1 account then it would be the same for others.
If you decide to go ahead and purchase more shares then you must inform Halifax by 23.59pm 30/1/2015 and have cleared funds in account to enable Halifax to purchase the shares for you.
the shares will be credited to the account by 20/2/15, once the "rights issue" has been completed WDC will launch a tender offer @ 1.25euro no date has been given yet.
you will be able to sell the shares once WDC launches their tender offer, it's up to you whether you want to sell @ 1.25 or keep the shares and hope to get a better price when you do sell.

[Slimy yet satisfying]

Break out the value beans and the kids will have to pay for their own Tesco shopping until at least 20th Feb!
No Jimmy Choo's for me either

909 safely ordered thanks to all for your advice

[A&S&O]

909 safely ordered thanks to all for your advice

Almost enough for one for each ghost in Phantom Manor!

[mickeyspal]

Well I've done it, ordered my full issue of 900 shares, wasn't going to purchase the lot but thought what the heck go ahead and do it, I can always  sell all or some of the shares  to WDC 

[norhel]

I've also did it. Did it the day after they started with the rights.

[CJNorth]

Hi,

My Euro Disney SCA shares are held by Societe Generale and I have today subscribed online via the Societe Generale sharinbox website to purchase my full entitlement of 1080 PSR shares. 

As I have not received an email to request payment does anyone know if I'm expected to make payment immediately or do I wait for an invoice or payment request?

Thanks

Carl

[Slimy yet satisfying]

If it is anything like halifax you have to make sure your sharedealing account has enough funds in it to make the payment before they will process the transaction.

[CJNorth]

Thanks,

I've now had a closer read of the notification letter sent by Societe Generale and it provides bank account details & a personal reference to effect a Euro transfer of funds into as well as in small print at the bottom of the letter the amount to pay.

I guess as you say they expect immediate payment to process the transaction.

Carl

[norhel]

You have to have enough money on your share account. Your brooker will probably take money automatically from that account when the transaction is done.  My brooker will take the money February 20, ie no invoice,  I have to have money on my account.

[norhel]

Or you can also double check with your brooker how their doing it.

[disneymagique]

Can I still buy Euro Disney S.C.A. (EDL) Shares?
And hoping it will go up in value again?

Or will they kill (stop trading) the shares after the transition?