Lost shares in a company that has been taken over by a mutual

[bobbys]

Hi,

A relative had shares in a LPI provider in the 1990's which merged with another company and was then subsequently taken over by a mutual in the early 2000's. He has lost his original share certificates. As there are now no shares (and no registrar, I assume), how does he go about tracing any money owed to him?

 

[Brendan Burgess]

First of all, which company was it?

Are they worth anything?

Brendan

 

[bobbys]

It was United Friendly. They merged with Refuge Assurance and then the new company was taken over by Royal London mutual. He said he had "a few thousand" UF shares. At the time of the takeover it looks like they were around £4 per share I think

 

[Brendan Burgess]

You will have to contact Royal London

http://www.royallondon.com/customers/existing/information-for-policy-holders/

If he claimed and got his actual share certificates after the demutualisation or whatever happened, then I think that he will be able to replace them or get whatever cash Royal London paid.

If he didn't claim the windfall shares at the time, he probably won't be able to claim them 20 years later.

Brendan