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[cazspence]

Looks like it.

[A&S&O]

Am I correct when I say that only people in UK and France may take part in the new share issue?`
And that I who lives in Norway can't take part of it? Or am I wrong?

It looks like there's some wording that says its also open to other EU countries. I'd be very surprised if they could restrict the offer to UK and France and not the rest of the EU.

[never2old]

I've sent a message to the shareholders club to ask about that... If I'm not allowed to participate, I wonder if I can at least sell my subscription rights?

[norhel]

Am I correct when I say that only people in UK and France may take part in the new share issue?`
And that I who lives in Norway can't take part of it? Or am I wrong?

It looks like there's some wording that says its also open to other EU countries. I'd be very surprised if they could restrict the offer to UK and France and not the rest of the EU.

To be honest, I also think it's odd that other EU countries can't.
I also did see that the wording may open it for me, but I think this documents can be confusing sometimes.

I've sent a message to the shareholders club to ask about that... If I'm not allowed to participate, I wonder if I can at least sell my subscription rights?

Good question and point. It shall be interesting to see what they answer.

[disneymagique]

I got an e-mail from my bank (BINCK) in Holland, asking me if I want to participate in recapitalization proposal for 1 euro per share.

If I do not participate before 12:00h on the 5th of February, then they will try to sell all my shares an take 10% commission of what is left of it. Yesterday the price dropped more then 65% to 1,26 euro per share

It looks like a pay or lose it all situation  :-(

[FoX]

I got an e-mail from my bank (BINCK) in Holland, asking me if I want to participate in recapitalization proposal for 1 euro per share.

If I do not participate before 12:00h on the 5th of February, then they will try to sell all my shares an take 10% commission of what is left of it. Yesterday the price dropped more then 65% to 1,26 euro per share

It looks like a pay or lose it all situation  :-(

No, it's all part of the recapitaliztion plan of EuroDisney. As a shareholder you have the right to buy 9 new shares for €1 for each existing share in your current portfolio. As the new shares are worth €1.25, you have an immediate profit of €0.25 per new share. This profit compensates for the loss of the devaluation of your current share to €1.25.

[never2old]

I got an answer back from the Shareholders Club...

Dear Shareholder,

Thank you for your e-mail and your interest in Euro Disney S.C.A.

You should contact the bank in the books of which your shares are registered and ask this bank what is the procedure to exercise or sell the rights attached to your shares. Such bank will provide you the procedure, depending on your choice.

In the meantime, you can access some information concerning the recapitalization proposal and notably a webinar presentation, on our website: http://timon.disneylandparis.com/corporate/en (section: overview of the proposal and documents). The webinar presentation is only available in French.    

Feel free to contact us for any further information.

Which didn't answer my question at all... I have seen however that I have been credited with 100 new shares (the subscription rights), so I guess that means I will be able to participate.

I got an e-mail from my bank (BINCK) in Holland, asking me if I want to participate in recapitalization proposal for 1 euro per share.

If I do not participate before 12:00h on the 5th of February, then they will try to sell all my shares an take 10% commission of what is left of it. Yesterday the price dropped more then 65% to 1,26 euro per share

It looks like a pay or lose it all situation  :-(

They cannot sell your original shares; what they want to sell are your subscription rights.

What's happened is that the original share (traded with ISIN FR0010540740, and priced last friday around 3.40 EUR) has been split into two: the shares (with same ISIN FR0010540740), and the subscription rights (new ISIN FR0012444743). The original price was also split between the two, so the old shares were priced around 1.20 and the new shares around 2.20

So if you had 100 of FR0010540740 (price 3.40 EUR, ie value 340 EUR) on Monday after the split you would have 100 of FR0010540740 (price 1.20 EUR), and 100 of FR0012444743 (price 2.20 EUR), so total value still around 340 EUR.

You can choose to exercise your rights to buy up to 9 'old' shares per subscription right (so if you had 100 shares before, you can buy up to 900 more), but you can also choose to sell your subscription rights, which would mean you would earn back the money lost because of the price drop in the original shares. The rights are quoted on the market so their price can go up or down, but so far it's pretty stable around the 2.20 EUR mark, so if you want to sell you should get most of your money back.

Your bank says that they will sell your rights because after the deadline, they will be worthless. If you don't want to re-invest in DLP and exercise the rights, the best option is to sell the rights.

Of course you can also exercise part of your rights, and sell the rest!

Hope this clarifies a bit....

[never2old]

Useful simulation tool:

http://investors-relation.com/dlp/recapitalisation2015/simulation/?lang=en

[cazspence]

I got an answer back from the Shareholders Club...

Dear Shareholder,

Thank you for your e-mail and your interest in Euro Disney S.C.A.

You should contact the bank in the books of which your shares are registered and ask this bank what is the procedure to exercise or sell the rights attached to your shares. Such bank will provide you the procedure, depending on your choice.

In the meantime, you can access some information concerning the recapitalization proposal and notably a webinar presentation, on our website: http://timon.disneylandparis.com/corporate/en (section: overview of the proposal and documents). The webinar presentation is only available in French.    

Feel free to contact us for any further information.

Which didn't answer my question at all... I have seen however that I have been credited with 100 new shares (the subscription rights), so I guess that means I will be able to participate.

I got an e-mail from my bank (BINCK) in Holland, asking me if I want to participate in recapitalization proposal for 1 euro per share.

If I do not participate before 12:00h on the 5th of February, then they will try to sell all my shares an take 10% commission of what is left of it. Yesterday the price dropped more then 65% to 1,26 euro per share

It looks like a pay or lose it all situation  :-(

They cannot sell your original shares; what they want to sell are your subscription rights.

What's happened is that the original share (traded with ISIN FR0010540740, and priced last friday around 3.40 EUR) has been split into two: the shares (with same ISIN FR0010540740), and the subscription rights (new ISIN FR0012444743). The original price was also split between the two, so the old shares were priced around 1.20 and the new shares around 2.20

So if you had 100 of FR0010540740 (price 3.40 EUR, ie value 340 EUR) on Monday after the split you would have 100 of FR0010540740 (price 1.20 EUR), and 100 of FR0012444743 (price 2.20 EUR), so total value still around 340 EUR.

You can choose to exercise your rights to buy up to 9 'old' shares per subscription right (so if you had 100 shares before, you can buy up to 900 more), but you can also choose to sell your subscription rights, which would mean you would earn back the money lost because of the price drop in the original shares. The rights are quoted on the market so their price can go up or down, but so far it's pretty stable around the 2.20 EUR mark, so if you want to sell you should get most of your money back.

Your bank says that they will sell your rights because after the deadline, they will be worthless. If you don't want to re-invest in DLP and exercise the rights, the best option is to sell the rights.

Of course you can also exercise part of your rights, and sell the rest!

Hope this clarifies a bit....

I'm
Now even more confused. Lol

[A&S&O]

Still no news from Halifax or Hargreaves Lansdowne on how to buy, or even if we can buy the new issue of shares.

[norhel]

I got an answer back from the Shareholders Club...

Dear Shareholder,

Thank you for your e-mail and your interest in Euro Disney S.C.A.

You should contact the bank in the books of which your shares are registered and ask this bank what is the procedure to exercise or sell the rights attached to your shares. Such bank will provide you the procedure, depending on your choice.

In the meantime, you can access some information concerning the recapitalization proposal and notably a webinar presentation, on our website: http://timon.disneylandparis.com/corporate/en (section: overview of the proposal and documents). The webinar presentation is only available in French.    

Feel free to contact us for any further information.

Which didn't answer my question at all... I have seen however that I have been credited with 100 new shares (the subscription rights), so I guess that means I will be able to participate.

I got an e-mail from my bank (BINCK) in Holland, asking me if I want to participate in recapitalization proposal for 1 euro per share.

If I do not participate before 12:00h on the 5th of February, then they will try to sell all my shares an take 10% commission of what is left of it. Yesterday the price dropped more then 65% to 1,26 euro per share

It looks like a pay or lose it all situation  :-(

They cannot sell your original shares; what they want to sell are your subscription rights.

What's happened is that the original share (traded with ISIN FR0010540740, and priced last friday around 3.40 EUR) has been split into two: the shares (with same ISIN FR0010540740), and the subscription rights (new ISIN FR0012444743). The original price was also split between the two, so the old shares were priced around 1.20 and the new shares around 2.20

So if you had 100 of FR0010540740 (price 3.40 EUR, ie value 340 EUR) on Monday after the split you would have 100 of FR0010540740 (price 1.20 EUR), and 100 of FR0012444743 (price 2.20 EUR), so total value still around 340 EUR.

You can choose to exercise your rights to buy up to 9 'old' shares per subscription right (so if you had 100 shares before, you can buy up to 900 more), but you can also choose to sell your subscription rights, which would mean you would earn back the money lost because of the price drop in the original shares. The rights are quoted on the market so their price can go up or down, but so far it's pretty stable around the 2.20 EUR mark, so if you want to sell you should get most of your money back.

Your bank says that they will sell your rights because after the deadline, they will be worthless. If you don't want to re-invest in DLP and exercise the rights, the best option is to sell the rights.

Of course you can also exercise part of your rights, and sell the rest!

Hope this clarifies a bit....

Just wondering, have you seen somewhere in the official DLP papers with regards to the stock split?
Can't remember seeing that anywhere.

[jj554]

Hi this may be a stupid question but I hold 100 shares. If I keep the 100 as they are and sell the 100 rights, leaving me with just 100 sad little shares, do we think they will change eligibility for the shareholders club? Or do we have no idea?

[A&S&O]

Hi this may be a stupid question but I hold 100 shares. If I keep the 100 as they are and sell the 100 rights, leaving me with just 100 sad little shares, do we think they will change eligibility for the shareholders club? Or do we have no idea?

They have specifically said that current members can continue to be members with just 100 shares.

I don't know if that will be forever, or if they will put a time limit on it though.

[mickeyspal]

Still no news from Halifax or Hargreaves Lansdowne on how to buy, or even if we can buy the new issue of shares.

I received email from Halifax today to check my account as a notification  about the shares had been posted on the account.
It gives instructions for purchasing the shares, whether I wish to take up the full 900 shares or partial amount. I haven't  decided if I want to go for the full amount or any, is it worthwhile buying more shares will we eventually receive dividends in the future ??

[captain rocket]

I had the same email and will buy some more shares, maybe not my full entitlement, as I think it will be inevitable that the ownership for membership of the shareholders club will rise in the future, as it has in the past.
As to wether a dividend is paid, who knows? The resort is till massively in debt and it will take an immense effort to overturn it, but this seems like a good starting point, maybe the best chance for years!