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Unread 6 Oct 14, 09:45 AM  
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#33
gavvy
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Are we going to Be forced to buy new shares or sell our old ones. The statement is not clear. I got a feeling we will either have to buy 9 new shares for every 1 we hold or sell the lot to TWDC.

Anyone know?
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Unread 6 Oct 14, 09:56 AM  
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There is no mention of a share revaluation, as far as I can see.

Disneyland Paris are to be given more time to repay some of their loans back to the Walt Disney Company, and the Walt Disney Company are also going to provide more cash to DLP by converting some of the debt into shares. It's all paper money, but it means the pressure on DLP to repay some loans will be eased.
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Unread 6 Oct 14, 10:07 AM  
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Originally Posted by gavvy View Post
Are we going to Be forced to buy new shares or sell our old ones. The statement is not clear. I got a feeling we will either have to buy 9 new shares for every 1 we hold or sell the lot to TWDC.

Anyone know?
No it is optional, you can buy more shares at 1 each only if you want. And yes it is 9 for every 1 you own, but the choice is yours. Or you can choose to sell what you have to TWDC at 1.25 a share. No forcing of anything.
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Unread 6 Oct 14, 10:45 AM  
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I have 20 shares which was the old amount to be able to use cafe mickey & the other perks since sept 2012 it changed to 100 shares so as I'm reading it I can buy another 80 shares for 80 thus being able to keep my shareholders card & perks for dlp. Is that correct? Worth doing for the long term if so. I hadn't bought them before as for us it was cost prohibitive.

Edited at 10:51 AM.
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Unread 6 Oct 14, 10:57 AM  
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#37
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Originally Posted by stitcher3000 View Post
I have 20 shares which was the old amount to be able to use cafe mickey & the other perks since sept 2012 it changed to 100 shares so as I'm reading it I can buy another 80 shares for 80 thus being able to keep my shareholders card & perks for dlp. Is that correct? Worth doing for the long term if so. I hadn't bought them before as for us it was cost prohibitive.
No you will need to buy 9 shares for each 1 you hold. So 180 shares. 180 still a lot cheaper than it would have been.
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Unread 6 Oct 14, 11:25 AM  
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#38
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If that's the case; am wondering if we have to buy 9x our share holding (if we want to) or could we buy less. Can't remember how many I hold now. Think its 40. Also if I have to go through socgen again I don't think I will bother. Last time I topped up my shares with them it turned into a nightmare.
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Unread 6 Oct 14, 11:28 AM  
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Peter H
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You think that is complicated you should see what we got sent as shareholders. Anway Dole Whip is right. They are turning some of the debt into shares and as shareholders we can buy more. The Walt Disney corporation is turning some it into TWDC shares so that the debt is not massive. Profit can be made and thus the park can improve. The cost of new shares to shareholders is amazing.
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Unread 6 Oct 14, 11:40 AM  
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#40
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There is a really good explination on the euro Disney corporate website. Basically as the value of the shares are being diluted they are offering you the chance to sell your shares for 1.25 then buy 9x the holding at a euro each. Then sell these back to twdc at 1.25. If you do that you get 3.50 a share which is slightly more than it was trading at last week.

Phew
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