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Originally Posted by James Henry
I have a feeling that your shares will now be completely worthless and will have lapsed. You would have been written to with information on what to do.
You'd have lost 98.5% of your Telewest shares and been given 1.5% of these in Telewest Global. Each 804 shares you had would have been worth 1 share in the newer company. Of the 1.5% remaining I think less than 0.5% would be remaining in shares and perhaps 1% in cash from the merger.
I think again however that you may have lost your holdings as you didn't respond when Telewest Communications became Telewest Global 2 years ago. You'll have no share certificate for the new company.
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Thanks and your spot on, rang the company who delt with the shares at the time and your right 800 shares for one NEW share, as I had less than the cut off 800 all I got was £3.25 in Aug` 04. I read the info that came with that BIG cheque again and it was the final payout! I thought at the time it was some divi` payment never really read it just banked the cheque. With all this talk of payouts and mergers I though I was in for some money. All I`ve done is lose about a grand on Telewest what a waste of money that was. I could have had a good 2 weeks in Thialand with that money