Cable Forum - View Single Post - O2 Plc Shares

MovedGoalPosts · 27-03-2005, 23:24

It seems to be market value as at 5:00pm on March 2005 (some sort of effective date I think) plus 5 p for every share that was held, being some sort of incentive. That may be a reasonable offer, but that isn't really, to me, the point.

I recall seeing something in the city pages of a paper a few days ago that a number of people had gone for the cash offer. The paper thought they should have kept the shares, for the medium long term, althouhg price has since dropped.

I didn't need the cash back but know that it might have cost me more, in relative terms share dealings, etc., If I'd sold on my own on the future. I understand that O2 felt they had too many small shareholdings and that was costing them money. I might have chosen to sell, had I have realised or understood, I might not. My choice was removed. That seems wrong that by failing to act, you loose your ownership, even if you are reimbursed.

I just don't get how someone can sell what is my onwership / investment without my positive agreement to it.

27-03-2005, 23:24	#6
MovedGoalPosts Inactive Join Date: Jun 2003 Location: 127.0.0.1 Age: 61 Posts: 15,868	Re: O2 Plc Shares - Cash Alternative It seems to be market value as at 5:00pm on March 2005 (some sort of effective date I think) plus 5 p for every share that was held, being some sort of incentive. That may be a reasonable offer, but that isn't really, to me, the point. I recall seeing something in the city pages of a paper a few days ago that a number of people had gone for the cash offer. The paper thought they should have kept the shares, for the medium long term, althouhg price has since dropped. I didn't need the cash back but know that it might have cost me more, in relative terms share dealings, etc., If I'd sold on my own on the future. I understand that O2 felt they had too many small shareholdings and that was costing them money. I might have chosen to sell, had I have realised or understood, I might not. My choice was removed. That seems wrong that by failing to act, you loose your ownership, even if you are reimbursed. I just don't get how someone can sell what is my onwership / investment without my positive agreement to it.