EMap have sent me a cheque for Initial Redemption. What does that mean? Does it mean I have to sell all the shares that I have with them? What if I dont want to sell the shares now that the option is over have I lost out?
2006-10-13 22:53:47 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Read Page 6 of the attached document:
http://legacy.planetemap.com/circular.pdf
Basically, it says that as a result of the sale of eMap France, it is issuing these B Shares which will subsequently be redeemed at some point in the future for cash. You have no choice whether or nor they are redeemed; your only choice involves WHEN of 3 possible times they will be reddemed, and what the tax treatment of the redemption will be.
If you do nothing, the document states that all of your B shares will be redeemed - free of commission or expenses - on 5 October.
2006-10-13 23:46:51 · answer #1 · answered by Gremlin 2 · 0⤊ 0⤋
basic rule is that division of shares in A and B is made on market capitalisation of shares.normally big companies falls in A
2006-10-14 10:35:23 · answer #2 · answered by manoj p 2 · 0⤊ 1⤋