Are you all selling

[RHONE]

Maybe the wrong place but can't seem to find an answer on whether to sell my shares or not , what happens if not ,do you loose them ?
£3.60 seems to cheap will I get taxed etc

[JKSmudge]

You won't pay tax on shares held within the SIPP.

If you don't sell and the EP bid goes through you can hold onto your shares but they will be difficult to sell as will no longer be listed.

If the banks all want to sell then it's a done deal.

[RHONE]

Thnx

[Itsgonet*tsup]

You won't pay tax on shares held within the SIPP.

If you don't sell and the EP bid goes through you can hold onto your shares but they will be difficult to sell as will no longer be listed.

If the banks all want to sell then it's a done deal.

I have contributed weekly to purchase shares through the scheme. My online account says the bulk of my are taxable. Will they be taxed?

[robking]

You won't pay tax on shares held within the SIPP.

If you don't sell and the EP bid goes through you can hold onto your shares but they will be difficult to sell as will no longer be listed.

If the banks all want to sell then it's a done deal.

I have contributed weekly to purchase shares through the scheme. My online account says the bulk of my are taxable. Will they be taxed?

If you don't sell any but accept the bid, Once the bid becomes unconditional there will be no tax to pay unless you are a high rate taxpayer or have had more than £500 in dividends outside of a tax free wrapper such as an ISA or a SIPP (not to be confused with a SIP)
This is because 8p per share of the bid offer is in the form of a special dividend which is potentially taxable, however basic rate taxpayers have a £500 per year tax free allowance.
The main part of the offer is a payment of £3.60 per share is treated as a capital payment, under the rules of the SIP there will be no capital gains tax liability for an unconditional takeover.

[Itsgonet*tsup]

You won't pay tax on shares held within the SIPP.

If you don't sell and the EP bid goes through you can hold onto your shares but they will be difficult to sell as will no longer be listed.

If the banks all want to sell then it's a done deal.

I have contributed weekly to purchase shares through the scheme. My online account says the bulk of my are taxable. Will they be taxed?

If you don't sell any but accept the bid, Once the bid becomes unconditional there will be no tax to pay unless you are a high rate taxpayer or have had more than £500 in dividends outside of a tax free wrapper such as an ISA or a SIPP (not to be confused with a SIP)
This is because 8p per share of the bid offer is in the form of a special dividend which is potentially taxable, however basic rate taxpayers have a £500 per year tax free allowance.
The main part of the offer is a payment of £3.60 per share is treated as a capital payment, under the rules of the SIP there will be no capital gains tax liability for an unconditional takeover.

Thats brilliant news, thank you for clearing it up for me pal!!

[Katopatterdale]

I agree,If you don’t sell you’re shares they are pretty much worthless,You would become a shareholder in a company that will be de-listed from the stock exchange,It would be almost impossible to sell them.
I spoke to Equiniti yesterday and they confirmed to me that the 75% has been achieved so the deal will go through on the 30th of April,You will get your share payment 15 days after so by the 15 of May we should all have been paid all monies owed,This is also tax free so no deductions whatsoever.
In my opinion it would be pointless voting no on principle,It’s time to take the offer and take your money,The deal is going through and there is nothing we can do about it,The 75% is done so don’t throw your money away.

[Bazbuz]

I believe if you do not agree to sell and the offer is accepted then you have 14 days after the de-listing to agree to sell your shares. Also I believe that the offer goes unconditional as soon as the 75% is achieved and not necessarily on the last date of acceptance.

[Katopatterdale]

I had it confirmed yesterday that they have reached 75% already,The lady at Equiniti confirmed that the deal date of completion will be 30th April and we will be paid out 15 days after.
As far as I’m aware you have until the 25th April to decide to sell or keep your shares,
Basically the deal is done take it or take nothing.

[RobertT]

If the 75% had been reached it would have already been announced, and the day of that announcement will be the unconditional date!

Do you really think a woman on the phone will tell you before the official announcement is made via the stock market?

In reality, the last official figures released were an acceptance level of 35%(inc DK's holding) as of 11th April.

[Katopatterdale]

We were told a couple of weeks ago that we had reached 68%,That was by our union rep,
I can only tell you what Equiniti told me,She said the deal is proceeding on the 30th of April as the 75% had been reached,She also said that they may well achieve the 90% which I think triggers the automatic buy out of all remaining shares.
I’ve no idea why you think they should make it up,I have always considered Equiniti to be one of the better companies that deal in shares.
I personally think it’s not a great deal,I think it’s a fairly low price,The shares reached a much higher price during Covid and then fell rapidly when Thomson was throwing his weight around.Having said that I still think it’s better to accept the deal and come out with a few quid then end up with nothing

[korky]

spoke to a few at my place and they've never got a letter to sell, they only have a few, under a 100
they didn't seem too fussed when i said they could lose them or be millionaires in a few years!

[RobertT]

We were told a couple of weeks ago that we had reached 68%,That was by our union rep,
I can only tell you what Equiniti told me,She said the deal is proceeding on the 30th of April as the 75% had been reached,She also said that they may well achieve the 90% which I think triggers the automatic buy out of all remaining shares.
I’ve no idea why you think they should make it up,I have always considered Equiniti to be one of the better companies that deal in shares.
I personally think it’s not a great deal,I think it’s a fairly low price,The shares reached a much higher price during Covid and then fell rapidly when Thomson was throwing his weight around.Having said that I still think it’s better to accept the deal and come out with a few quid then end up with nothing

Personally I've always thought the 75% would be attained, if not 90%. But a large proportion of IDS shares are held by institutional investors and they're not expected to make their decisions until quite late in the process. So the figures you quote are nowhere near correct at the moment.

If the 75% had already been reached it would have been officially announced and the deal would be proceeding from that date – they don't have to wait until 30 April!

If you want to see the official announcements on percentage of acceptances, take at look at the IDS page on the LSE website. Scroll down and look for 'acceptance level update': https://www.londonstockexchange.com/sto ... mpany-page

[clashcityrocker]

spoke to a few at my place and they've never got a letter to sell, they only have a few, under a 100
they didn't seem too fussed when i said they could lose them or be millionaires in a few years!

How could they be millionaires?

[wandle]

We were told a couple of weeks ago that we had reached 68%,That was by our union rep,
I can only tell you what Equiniti told me,She said the deal is proceeding on the 30th of April as the 75% had been reached,She also said that they may well achieve the 90% which I think triggers the automatic buy out of all remaining shares.
I’ve no idea why you think they should make it up,I have always considered Equiniti to be one of the better companies that deal in shares.
I personally think it’s not a great deal,I think it’s a fairly low price,The shares reached a much higher price during Covid and then fell rapidly when Thomson was throwing his weight around.Having said that I still think it’s better to accept the deal and come out with a few quid then end up with nothing

That was never the case. The misinformation that was being repeated and amplified by people who should know better.