In the dark yet again
30 Jul 2015
Re: Fractional shares As mentioned there never was any 'fractional entitlement'. I know where you are coming from - 4 separate accounts so you assume your broker will have received an entitlement based on the total held in the nominee but only distributed 1 for each full 20 in each individual account, thereby trousering the balance...... but not in this case. Lloyds had the details of each individual and their entitlement from the initial IPO applications and that's what they distributed, cash on an individual, person by person basis. You broker will not have made a bit on the side on this one - they do on pretty much everything else though!My worst 'hit' was when they consolidated the old Shell T&T into RDSB and I was left hanging with a 0.95 'partial' of a £20+ share. It clearly stated in the brokers T&Cs that there was no distribution of any 'partial, residual'. Had I had the shares in my own name (certificated/CREST individual) RDS would have paid me cash for the partial (subject to a £3 minimum; any less and RDS would have dumped it to a charity of their choice) but because it was in the nominee, the broker keep it - they would have received their bundle based on the total number in the poled nominee but shared them out based on each individual account holding, any fractions, straight in their back pocket.If you check you'll probably find it's pretty much standard operating procedure for most brokers.Just another reason why the biggest single beneficiary of the current nominee system is the brokers. What's in it for us? Well hopefully it means they can settle the trades more efficiently and pass on those cost savings as lower dealing commissions, otherwise absolutely nothing!Regards,ITDYA
elijah baley
28 Jul 2015
Re: Fractional shares The deal was for 1 new share for every 20 held (on original issue) - so a straight multiple. It was NOT for 1/20th of the share holding. There is/are no fraction(s).
nk1999
23 Jul 2015
Fractional shares Hi all,I had 576 shares each in 4 family members nominee accounts with one provider. We have been paid equivalent of 28 shares each @ 340p on Monday 20/07.Just wondering as the nominee account holding would have been clubbed as far as Lloyds is concerned, is the nominee account provider keeping our money of 0.8 X 4 shares in this case?Has anyody received payment for fractional shares?Not a huge sum, but a question of fair treatment IMHO.nk
i WISH i WAS i
21 Jul 2015
Re: MY BONUS SHARES PAID ON MONDAY Me too.
Kool Keith
21 Jul 2015
Re: MY BONUS SHARES PAID ON MONDAY £129.20 in iii at 13:11 today
Investor KT
21 Jul 2015
MY BONUS SHARES PAID ON MONDAY Mine finally got paid yesterday. It seems, depending on the broker, some investors get paid earlier than others. ATB
i WISH i WAS i
20 Jul 2015
Re: bonus shares No money from
trendywendy
20 Jul 2015
bonus shares bonus shares paid out by T D Inv today
Investor KT
17 Jul 2015
Re: BONUS SHARES PROCEEDS PAID YET? MANY THANKS FOR CONFIRMING. Sadly mine is still outstanding - however nice to know payments have begun.
malkis
17 Jul 2015
BONUS SHARES PROCEEDS PAID YET? jarvis paid mine @this afternoon £129.20done and dusted Warm regards Malkis
turkey10
17 Jul 2015
Re: BONUS SHARES PROCEEDS PAID YET? Just waiting as usual for Interactive Investor, so slow.
ahollingshead
17 Jul 2015
Re: BONUS SHARES PROCEEDS PAID YET? Nothing for me yet, I'm with ii.
gt94sss2
17 Jul 2015
Re: BONUS SHARES PROCEEDS PAID YET? My broker paid me the share bonus amount today : £129.20
Investor KT
17 Jul 2015
BONUS SHARES PROCEEDS PAID YET? HiWould appreciate someone posting a message once they have received the Bonus Shares proceeds. I have not, as yet, received that payment. It is due today I believe.Many thanks.
In the dark yet again
15 Jul 2015
Re: Paid today Thanks LB,I'd forgotten about the maximum entitlement. 1 for 20 but limited to £2,000 worth was what the IPO said, those originals issued at £2.60: 2000 / 2.6 = 769 rounded down; 769 / 20 = 38 rounded down; 38 at £3.40 is £129.20. It all makes sense.Oh well, a tenner less than I had planned but still better than a poke in the eye with a sharp stick.Regards,ITDYA
