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[Sulley's Arms]

DLP have confirmed this morning that membership of the Shareholders Club (Club Actionnaires) will continue for 10 years following the expected compulsory buy-out by TWDC.

This is FANTASTIC news for all current members who will have been agonising over the future of their beloved club!

[Slimy yet satisfying]

Explain...I don't understand?
If I have to sell my shares then when my shareholder card expires how will be able to renew?
Will the perks still apply e.g. discounts in shops, restaurants and AP purchases?
More importantly will Salon Mickey still be open?

[A&S&O]

Explain...I don't understand?
If I have to sell my shares then when my shareholder card expires how will be able to renew?
Will the perks still apply e.g. discounts in shops, restaurants and AP purchases?
More importantly will Salon Mickey still be open?

Precisely what I was wondering. What format will the Club take?

Is it a sweetener to get people to agree to hand over their shares?

[pfspock]

I think that this is exactly what it is. A golden handshake to make your decision to sell easier. I guess that every existing member as of today will be able to prolong their membership until 2027. Then the club will dissolve.

[Slimy yet satisfying]

I do believe in fairies, I do, I do!
Wish granted 😀

[Sulley's Arms]

I presume they'll automatically renew everyone's cards with a 2027 end date?  We'll see...

It can most certainly be seen as a bribe of sorts. But equally I think that on the basis that I was expecting Club Actionnaires to simply dissolve immediately when TWDC take over, I'll most definitely welcome a 10 year continuation - I don't know whether anyone else does the same but I've made a note of the discounts / freebies we've had with the CA card.

Based just on discounts for buying APs, plus the 'saving' we make for no longer having to buy mid-morning snacks & coffees (which we always had every day), over the past 4 years we've saved over £900. Then there's the additional discount for table service & buffet resturants plus shops; I haven't made a note of those but it's obviously even more, so we've already had a fantastic innings and have just been told we can have 10 more.

My cup appears to be 1/2 full !

[DisneyDuffer]

Can anyone confirm for sure that if I sell my shares I will still be in the Shareholder's Club after the "Operation" this is the sentence I am referring to which is causing me to worry -

At the end of the operations:

A new card will be delivered to all active members, valid 10 years, without any action on your part. This card will grant you the same advantages and services as previously.

As technically we will not be active shareholders at the end of the operations.  Or are they referring to active members on the 31st March 2017.

[Sulley's Arms]

Can anyone confirm for sure that if I sell my shares I will still be in the Shareholder's Club after the "Operation" this is the sentence I am referring to which is causing me to worry -

At the end of the operations:

A new card will be delivered to all active members, valid 10 years, without any action on your part. This card will grant you the same advantages and services as previously.

As technically we will not be active shareholders at the end of the operations.  Or are they referring to active members on the 31st March 2017.

Catherine Powell stated at the AGM that all existing members of Club Actionnaires will have there existing membership extended to 10 years regardless of what happens with the share offer.

Obviously this is intended as a sweetener to incentivise private shareholders to sell, to ensure TWDC achieve their required min. 95% stakeholding.

All corporate shareholders will definitely sell, since they'll have no business incentive to hold on to their shares (if TWDC don't reach the 95% mark Euro Disney will perform another recapitalisation, flooding the market with more shares and devaluing their price massively).

There's therefore very little point in private shareholders holding on to their shares, or in even spending time considering the different options & outcomes, because the above will put TWDC at 94.5%, meaning that if less than 1/10 of all private shareholders sell, TWDC will be able to make a compulsory buyout of the remainder.

But we can all remain members of the Club for 10 years and continue to enjoy free pastries & coffees, plus discounts, etc. for a very long time to come. Plus, because TWDC will own our parks, the Disney experience will be a whole lot more magical than it has been for the past 5-6 years.

QED, sell.

[A&S&O]

Although I think they've said that they have the right to withdraw any benefits / close the club at anytime.

[DisneyDuffer]

Thank you for your clear explanation I was 90% sure that was the case but there was this niggling doubt.  Phew I can relax now and enjoy Salon Mickey for 10 years. Brilliant.

[Slimy yet satisfying]

Does anyone know if we have to sell up ourselves or if they will just be reabsorbed with notification from our broker e.g. Halifax. I don't want to sell now and find out that I shouldve waited in order for the pass extension to kick in. Anyone heard from their brokers?