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Irish Life and Permanent Shareholders Vote?

  • 25-11-2009 12:56pm
    #1
    acoc100
    Users Awaiting Email Confirmation Posts: 74 ✭✭


    Hey,

    I have a small number of Shares in IL & P.
    I no nothing about shares as they were bought for me by someone else.

    I got a letter saying they want to cancel my current share and give me equivalent shares in a IL & P Holding company instead.

    I am attaching the voting ballet which they posted to me.

    I was hoping to get advice from someone more knowlegable than myself which way would be in my best intersts, to vote as I am not up for trawling through the information they sent me, which I struggle to understand.

    Cheers Andy.


Comments

  • #2
    woolyhat
    Registered Users, Registered Users 2 Posts: 135 ✭✭woolyhat


    Hi I got just the same in the post today and like you do not know what to do. Help please anyone out there.


  • #3
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    Is this related to the breakup of the group?


  • #4
    woolyhat
    Registered Users, Registered Users 2 Posts: 135 ✭✭woolyhat


    Hi Just to quote some of the letter. They propose to create a new company for Irish Life & Permanent (IL& P) and want shareholders to vote for this proposal.It can not be effective until shareholders vote on it.and would be santioned by the High Court. Irish government would claim Tax on the shares as far as I know. A dividend have not been paid in a while now is it over a year if anyone know please let me know. Would it be a good idea to vote your approval?


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