mikes333
- 12 Apr 2006 09:04
Candover have annouced that the holders of Ordinary GBP 0.25 shares will receive an income payment of 457p/share in the form of 'B' shares which will be automaticly be redeemed and cease to exist, OR receive 'C' shares and have the option of redeeming for 457p/share at a later date, although the directors expect a further offer for redeeming the 'C' shares in a subsequent tax year, there can be no guarentee that such an offer will be made.
What advantage is there in holding the 'C' shares?