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Unread 19 Jan 15, 02:12 PM  
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#25
LufcDeb
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They don't make it very clear, do they lol I would only buy more shares I if need them for the future to still be a member, otherwise I'll stick to the 100 I already have

I would think that you would be classed as a new member? When did you buy the 20 shares?

The thing is, they may change it that you need 500 shares to become a member

I've emailed the shareholders club, so will wait and see if they reply.
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Unread 19 Jan 15, 02:19 PM  
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#26
A&S&O
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Originally Posted by kempydee View Post
I've only got 20 shares - so my dilemma is - can I buy the 80 shares needed to renew my membership or will I be classed as a new member and therefore have to wait to see what the new terms are.
I'm going Feb half term but shouldn't think I will have it sorted by then!
Once the mechanism has been worked out, you should be able to buy 9 shares for every 1 that you have currently at the reduced 1 euro rate. That would give you 200 shares in total, which would be enough to renew (if they count it as a renewal), but probably not enough for you (or anyone) to take out a new membership.
It all depends on whether they let you renew or count you as a new member. Only the person that processes renewals can answer that, and from what I've read, it may vary depending on who is doing the processing.

Figures of 900 - 1000 shares being needed have been mentioned for people wanting to become new members, but I've not seen anything official. I think that amount (around 1000 euros worth) is in line with the original amount that people had to invest to become members of the Shareholders Club when it originally started.
The drop in the share price and people's income over the last few years meant that people were able to join for around 90 euros.
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Unread 19 Jan 15, 02:21 PM  
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#27
keiko315
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You're right - they don't make it very clear. This is why they charge and make a LOT of money from things like this.

With regards to the Shareholders Club, if you are currently a member then you can do nothing and even if the number of shares required increases in the future (say to 500), you will be unaffected, so long as you retain those 100 shares minimum. If at any point you sell some or all of those shares, bringing you below that threshold of 100, then you will lose your membership and be subject to any new requirements that are brought in.

If the only reason you own the shares is to benefit from the Shareholder Club, then you need do nothing. TWDC will buy up your portion of the shares and as far as you are concerned, things can stay the same.

Some people have asked if they can buy the 900 shares and then sell them straight back, making a little profit. Yes is the short answer to that. However do bear in mind that the 900 would be tied up for a few weeks so only do this is you can afford to.
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Unread 19 Jan 15, 02:33 PM  
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#28
kempydee
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Brilliant Martin thank you!

If anyone needs to contact Halifax sharedealing;

08457 225525
Mon-Fri 8am-9.15pm
Sat 9-1pm
Email;
Customercare.hsdl@halifax.co.uk

Don't forget the shares are EDL and not DLP.
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Unread 19 Jan 15, 02:55 PM  
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#29
jonjo
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Halifax have confirmed their customers can take part in the rights issue. A message on how to take part will appear in the "Important Notifications History" section of their website.

Logon On -> Current Valuation -> Important Notifications History
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Unread 19 Jan 15, 03:08 PM  
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#30
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Originally Posted by keiko315 View Post
I personally have (or rather had) my shares with Hargreaves Lansdown and was told last week that I would NOT be eligible for the rights offer.
That's VERY annoying. Did they give any reasoning or any other information?


Thanks for all your other info by the way.
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Unread 19 Jan 15, 05:07 PM  
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#31
tinker82
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Originally Posted by jonjo View Post
Halifax have confirmed their customers can take part in the rights issue. A message on how to take part will appear in the "Important Notifications History" section of their website.

Logon On -> Current Valuation -> Important Notifications History
Motley Fool are saying similar - they are finalising their information & will be e-mailing eligible shareholders hopefully by tomorrow lunchtime at the latest
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Unread 19 Jan 15, 08:53 PM  
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#32
LufcDeb
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I'm with Halifax but there's no message on my account yet
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DLP! AGAIN!
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