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Started by Fair play, 18-10-19, 03:48PM
Quote from: Wilted20 on 28-01-21, 12:53AMThe consolidation ratio is quoted as 19 existing shares : 15 new shares1000 existing shares will consolidate to 789 new sharesAt yesterdayâ€™s closing rate of 244.90p, the existing shares will be worth Â£2499.00At yesterdayâ€™s closing rate of 244.90p, the new shares will be worth Â£1932.26The special dividend on 1000 shares will be Â£509.30, meaning a combined value of Â£2441.56 (an overall loss of Â£57.44)
Quote from: owlnight on 28-01-21, 03:03AMjust read this,What will happen if I have an SAYE scheme which reaches maturity on 1 February 2021 and I choose to use my savings to buy shares at the SAYE option price?If you have an SAYE scheme which reaches maturity on 1 February 2021, you will be eligible to receive the Special Dividend on the shares you buy at the SAYE option price if: (i) you enter your maturity instruction to â€œbuy shares to keep or transferâ€ before the cut-off dates shown below; and (ii) you do not sell the shares before 6.00 p.m. (UK time) on 12 February 2021. The Share Consolidation will also be applied to these shares.The relevant cut-off dates are as follows:â€¢ Booker 2017 three-year SAYE scheme â€" 2.00 p.m. (UK time) on 1 February 2021â€¢ Tesco Irish 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 3 February 2021â€¢ Tesco UK 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 5 February 2021If however you: (i) enter an instruction to â€œbuy shares to sellâ€ before the cut-off times shown above; (ii) enter any type of maturity instruction after these cut-off times; or (iii) sell your shares before 6.00 p.m. (UK time) on 12 February 2021 where you have entered your maturity instruction to â€œbuy shares to keep or transferâ€ before the cut-off dates, you will not be eligible to receive the Special Dividend on the shares you buy at the SAYE option price and the Share Consolidation will also not be applied to these shares.
Quote from: grim up north on 28-01-21, 11:53AMShare price WILL go up or should?
Quote from: Paulie on 28-01-21, 08:33AMHow will this effect SAYE schemes later than 2015 who are not entitled to special dividend.
Quote from: BlueToon on 29-01-21, 12:14PMMy difficulty with this is,Do I keep the dividend as re-invested shares (with the potential to sell some if needed later)?ORGet the dividend in cash and just accept the fact that I will have fewer shares after consolidation?Decisions, decisions?
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