Unfortunately late to this thread. My father (who has dementia) held some MEP shares until recently. I now get all his mail but am overwhelmed with paperwork and missed the takeover offer (not that I know much at all about share trading, especially shares bought via a traditional broker years ago). From reading it seems that he/we should have accepted the offer (I have POA financial for him). Anyway, too late. We got the compulsory acquisition form a few weeks ago and I have posted that off. It says he'll either receive a cheque ("for the amount stated above" - except only the number of MEP shares formerly held are showing on the form) AND/OR there will be a transfer of Andromeda shares now held by Minotaur on his behalf.
I'm a bit confused. He will be receiving a cheque or not?
And if he will be receiving a cheque, does anyone know how much per share he will receive?
MEP Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
