Firstly I can share my opinon, it is not legal advice so DYOR.I...

First 33 Last

Share
Profile

Follow
SignOfTheTimes

1,962 Posts.

1191

21/04/22

16:04

Post #: 60953799
Share

Originally posted by squid2020: ↑

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?

Expand

Firstly I can share my opinon, it is not legal advice so DYOR.

I don't think you have missed anything. If he is an Australian Resident you will get 1.15ADN shares per MEP share.

I dare say you probably already have them. Mine arrived today in Computershare, so I imagine yours may be there as well, and if not, it should be in the next batch.

-----------------------------

To the learned out here, I see the ADN allocation in Computersahre but it has a Issuer Reference number. Will this be converted to my HIN or is this something I need to organsie a transfer for.

MEP Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply