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So 'IF' we're as skint as we're being told...

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
beeswax
Posts: 19
Joined: 28 Feb 2011, 09:52
Gender: Male

Re: So 'IF' we're as skint as we're being told...

Post by beeswax »

clashcityrocker wrote:
beeswax wrote: can we hold on till a later date?
When they'll be worth even less......
i wasnt say i would want to, just asking the question.

is the sell back tied into the BT2010?

the one where they have used our premium payment to pay our £1,000 or not as the case maybe.

at some point the company has to be worth £8bn there or there abouts but in the mean time a very different picture is being painted :hmmmm
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TrueBlueTerrier
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Re: So 'IF' we're as skint as we're being told...

Post by TrueBlueTerrier »

beeswax wrote:
clashcityrocker wrote:
beeswax wrote: can we hold on till a later date?
When they'll be worth even less......
is the sell back tied into the BT2010?
Thats a £1,000 question as two documents do not agree with each other.

The 2010 agreement mentions 2 buy backs of 50% each 1 in 2011 and 1 in 2012.

But the orginal paperwork that came with the colleagueshare certificate (Aka the Andrex Document) said we could elect to sell them in 2011 or hang onto them for a another year.

I'll guess we'll find out when they decide to tell us.
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clashcityrocker
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Re: So 'IF' we're as skint as we're being told...

Post by clashcityrocker »

My understanding of the agreement was the 2 buybacks would be obligatory.
But I also understood that the price quoted per share (£1.51?) was a minimum price that would be paid, and if the transformation of the business was going well, :left: they might be worth even more. :left:
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beeswax
Posts: 19
Joined: 28 Feb 2011, 09:52
Gender: Male

Re: So 'IF' we're as skint as we're being told...

Post by beeswax »

clashcityrocker wrote:My understanding of the agreement was the 2 buybacks would be obligatory.
But I also understood that the price quoted per share (£1.51?) was a minimum price that would be paid, and if the transformation of the business was going well, :left: they might be worth even more. :left:

CCR, is your surname higson by any chance? FFS :wink:

thanks for the info guys, this deal of the century must have been designed to shaft us for a century :no no
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BELIAL
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Joined: 15 Jun 2007, 17:33
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Re: So 'IF' we're as skint as we're being told...

Post by BELIAL »

clashcityrocker wrote:My understanding of the agreement was the 2 buybacks would be obligatory.
But I also understood that the price quoted per share (£1.51?) was a minimum price that would be paid, and if the transformation of the business was going well, :left: they might be worth even more. :left:
Yes ALAN went to all the trouble of printing 200,000 glossy brochures telling us we could get £5300 . I just assumed he meant each and not between us :d'oh!
Bye
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