How much did an account holder receive
No payment but 450 shares. There were also loyalty shares issues for those who held onto the original share allocations. 23 after one year and a further 22 after two years. Members also had the right to buy a certain number of additional shares at the offer price but I can't remember the precise details. I'm sure that a quick
Google will throw something up on this.
did both parties on a joint account or just the account (1 party) receive payment
I belive that only the first named person on a joint account received shares.
did everybody receive the same regardless of account size?
Yes - but some members were both qualifying borrowers and qualifying savers so received two lots of 450.
did it require a mimimum balance?
No - other that any minimum loan or investment savings account balance required to guarantee membership in the first place. For example
EBS currently require you to have €625 outstanding on your mortgage or €127 (?) or more in a share account to guarantee membership and (where these balances apply for a certain period prior to a general meeting) voting rights. I presume that most or all other mutuals had/have similar rules.
and then what happened when the HBOS became involved in 2004?.
You mean
Ulster Bank who it was who actually bought
FA at the time? They bought the
First Active shares for cash. Prior to this
FA also made a capital repayment to shareholders. Again a quick
Google should shed more light on these issues.
Basically I am trying to work out what capital gain would have been made on an account in total between both events
Ah - you are going to have some fun so! If I can dig out my figures I will post them for you but it's a little complicated not least of all due to the capital restructuring/repayment that I mentioned.