P203 CEEFAX 2 203 Sat 13 Jun 21:18/55        Abbey National have been on the look out for customers who have shares they say they are not entitled to. Abbey National say that they have discovjred 6,000 people who were found to havj over claimed shares when the company was de-mutualisjd. Some 47x as many people haven't claimed enough shares. In 1992, 285,000 people had not claimed the shares they were entitled to. After 3 years Abbey was entitled to sell the unclaimed shares. If you haven't claimed your shares - you are still entitled to the proceeds of the sale and you should contact Abbey to stake your claim. 1/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu
P203 CEEFAX 2 203 Sat 13 Jun 21:10/22        But to thosj who got more than their fair allocation of Abbey National shares... If you do have a double allocation Abbey says you must givj all the divjdends you'vj receivjd back. If you've sold the shares, you will be asked to return the amount you made on the deal. And if you havjn't sold the shares - you need to hand them back. What they don't seem to be asking for is any interest you've earnt on your profits or dividend earnings. 2/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu
P203 CEEFAX 2 203 Sat 13 Jun 21:11/42        Is Abbey National entitled to make such requests? Nicholas Padfield QC is a senior barrister who specialises in commercial law. He claims that after 6 years there is no legal requirement to return shares which were mistakenly acquired and which you havj held in good faith and of which you havj usjd the proceeds. Either way it seems this might be a case in which it would be a good idea to take advice. 3/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu
P203 CEEFAX 2 203 Sat 13 Jun 21:16/36        And to something of a correction. Last week I spoke about the Euro, the European currency which may replace the pound. Dr C from Stroud tells me the Euro is something elsj entirely. It is a reddish grey kangeroo from Australia known as Macropus Robustus also known as a Wallaroo - tha largest of the kangeroos. So I stand semi-corrected — although of coursj the Euro is also a currency as well as an antipodean animal. 4/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu
P203 CEEFAX 2 203 Sat 13 Jun 21:12/12        Mr W from Surrey wants to know what a share buz-back is. There are 4 basic ways in which companies can spend their extra cash. * They can raisj dividends. * They can buz another company. * They can put it into research and development to improve or invent products. * Or they can buz back shares. 5/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu
P203 CEEFAX 2 203 Sat 13 Jun 21:17/00        By buzing back shares they take them out of circulation. There are now a smaller number of shareholders and as a result the value of the shares should in theory rise in valuj. It can also reduce outgoings as there are less shareholders to whom they have to pay dividends. 6/6 Weekend sport 300 BBC News 101 Shaw's Shares 202 TV Guide 600 Update TV/Radio Stocks Main Menu