Hi suzie
Just to clarify the posting guideline. We don't allow speculation about whether a share is good value or not. But we have no problem with discussing the mechanics of rights issues, cancellations etc. as these are hard to understand.
I can't find anything online about their share cancellation programme. As a good general guide, the share price today reflects the impact of any future transaction like this. So, I think you are better off just selling the shares and distributing the cash.
How much are the shares worth? If it's a lot e.g. €30k or more, you might investigate further.
If one of the beneficiaries wants the shares, you could transfer them to that person and reduce the amount of cash that they receive. Although this could be messy if the share price rises or falls significantly.
Brendan