This is very interesting. Alex Mitchell, MD, Keysearch wrote to former shareholders in March 2007. Why are Computershare asking shareholders
individually to contact Computershare. Surely Computershare must deal
with Capita, the former registrars? And
Keysearch, part of Capita, has names, addresses
and share certificate nos for the shares
BAA dividends were paid in January and end of August each year. Computershare in July 2006
wrote on behalf of ADI to shareholders, requesting the original BAA share certificates. Shareholders duly sent off certificates. Some may have kept photocopies. Shareholders then received cheques in respect of these shares in early August 2006. At least some shareholders who were in the reinvestment scheme did not receive any August share certificates. These shares appear to be the shares which Alex Mitchell of Keysearch (part of Capita) is talking about in his letter of March 2007.
The exact wording is as follows "Following the takeover, ADI has now
acquired all remaining BAA shares, including those held by BAA
shareholders who did not accept the takeover". Hmm.
The Keysearch letter on the first page seems very official giving a free helpline
number for Keysearch. Stating Keysearch, part of Capita, had
been "appointed" by ADI. To search for "BAA shareholders who have lost
contact with the company and carry out an asset reunification
So between August 2006 and March 2007 some shareholders
"lost contact with the company", according to Alex Mitchell, MD of
Furthermore Computershare says on its form "If you have mislaid
your share share certificate please complete and sign below in order
that a letter of indemnity can be issued. Please note there is a fee
for the issue of each indemnity. Details of our fees ie administration,
countersignature and waiver fees will be sent with the letter of
But what if you HAVEN'T "lost" or "mislaid" the share certificates for the dividend reinvestment scheme but sent those received from Capita to Computershare when requested by Computershare in July (but kept photocopies), received a payout in August and didn't receive the August share dividend certificates from either Capita or Computershare which seem to be the shares which Alex Mitchell, MD of Keysearch, part of Capita, is talking about and has the share certificate no for.
Appreciate your thoughts on this!