Disneyland Paris Shares

[Guest]

Had the email from Halifax to say I have a notification, log in to see nothing there yet. The waiting continues!

[Guest]

Showing in the account now, just bought mine

[HFJohnson]

Thanks Keiko, that's what I'll do then.

I've now received an email from Halifax advising that a notification has been added to my account. The notification explains that I have the option to do nothing, buy 900 shares (based on my holding) or request to buy more than 900. I have to make my choice by 30th and also make sure that there are sufficient funds on my account by the same date. It mentions the buy back offer and that more information about that will follow at a later date.

[HFJohnson]

Originally Posted by Gtw

Had the email from Halifax to say I have a notification, log in to see nothing there yet. The waiting continues!

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Have you looked in the right place? I looked at the notification tab above my holding in the valuation page and there was nothing so looked under Account Management -> Important Notifications and it was there.

[HFJohnson]

Sorry, just saw your second post!

[LufcDeb]

Originally Posted by keiko315

Most people do not buy shares in EDL as a serious investment. In fact, the majority of the thousands of small shareholders hold their shares so that they can available themselves of Salon Mickey and other benefits offered by the Shareholders Club.

If I look at what I have actually saved over the past few years through shop, restaurant and hotel discounts etc (Yes, I am one of those sad people who keeps track of these things using a spreadsheet), this amount is currently several times over my initial investment (which I still have) and thus I am already better off than not having the shares.

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I bought mine just for the benefits of the Shareholders Club, I've saved more through all the discounts than what they cost me!

Out of interest, are you going to buy the new shares?

Do you think they will change the Shareholders Club for current members so you need more shares to renew, like they did recently when it used to be 20, now it's 100?

[A&S&O]

Originally Posted by LufcDeb

Do you think they will change the Shareholders Club for current members so you need more shares to renew, like they did recently when it used to be 20, now it's 100?

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They have specifically said that current members can continue to be members with 100 shares, although how long that will continue is anyone's guess.

Didn't something like this happen last time there was a reissue of shares?

In hindsight, they may have been better waiting before upping the requirement from 20 to 100 shares.

[Guest]

LufcDeb: Yes. If I am eligible (still waiting to get confirmation), then I will indeed be taking up the rights offer.

With regards to the Shareholders Club - Last time, when it increased from 20 to 100, it was only for new members. It will be the same for this.

They have said that they are reassessing the entry requirements and figures of 900-1000 minimum shares for new members were mentioned although nothing is yet official.

Let me reiterate, if you held 100 shares (or 20 under the previous agreement) on 15th January 2015, then your membership will remain the same - for the time being at least.

I would expect however for some of the benefits to be reduced or removed over the next few years.

[stitcher3000]

I thought with the last refinancing that there was a certain date that if you purchased your 20 shares after then if you wanted to continue your membership then you had to have 100 shares. We let ours lapse on the basis of this (we'd held our membership for 2 yrs at the time of the last shake up and quickly renewed our membership with our 20 shares so had another 2 yrs which ran out last October) so I'm a bit confused now 😕

[Guest]

stitcher3000:I don't know the exact details of all of the previous agreements, although I can look into that if anyone wants specifics.

I do know however that there are some Shareholders who are grandfathered in under a previous agreement which means because because they had 20 shares and have retained those, that agreement stands and they remain members of the Shareholders Club. This was mentioned at the AGM.

After a certain date, other shareholders who were not under this arrangement (which it sounds you may have been one), needed to increase their holding to 100 shares to be eligible for membership.

It's certainly not straightforward. With so many different contracts, rules and refinancings of EDL, they have created a lot of confusion.

As I have stated earlier though , I do expect the goal posts to change for both the entry requirement of new members, benefits offered to all and further down the road, the entry requirement for the Club itself - if it doesn't get dissolved completely that is.