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Share Name Share Symbol Market Type Share ISIN Share Description
Adams Plc LSE:ADA London Ordinary Share IM00B986V543 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 12.50 11.00 14.00 12.50 12.50 12.50 8,906 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -0.3 -0.3 - 5

Adams Share Discussion Threads

Showing 2851 to 2875 of 3250 messages
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DateSubjectAuthorDiscuss
03/6/2008
15:34
I applied in writing for my tax residence form and I have today received a letter from my local tax office "To whom it may concern: I confirm that M J Crockett is a resident of the UK" Not quite what I expected. I think a phone call is needed. MJ
mjcrockett
03/6/2008
10:40
Never let it be said, that SelfTrade's right hand ever knew what the left hand was up to. Following their recent internal-mail to the effect that certificates would be issued for ADA shares (thereby enabling the 'nowt to do with us gov' gambit to be set in stone), I have now today received (unsolicited) a letter from them, offering exactly the same 'fill out this form + residence proof and we will reclaim withheld tax for you' procedure, as other brokers have already long since offered to do. There is however still one snag. SelfTrade have left this so late, that they have set a deadline of just 16th June. So I guess any SelfTrade customer who has not long since applied for their tax residense certificate (which fortunately I have), will still likely be frustrated by the standard HMRC delay...
katylied
29/5/2008
09:05
mjcrockett - Barclays told me on 27 May that they have contacted Corporate Actions but unfortunately they are still awaiting a further update from the registrar. When they have received this additional information they will write to me with an update and I will be able to pursue the matter further. This beggars belief. I thought these were professional organisations instead of headless chickens wandering around cluelessly. At least Selftrade seem to have a way forward - even if it is less than satisfactory - with a share certificate you can at least progress the matter as an individual sharegolder.
lignum
28/5/2008
13:31
I've had the same problem as Katy. HMRC will only accept a written application. I sent almost 3 weeks ago, so will hopefully get my certificate soon.
mmc71
28/5/2008
07:49
thanks for the info... ..katy and et all
latifs100
27/5/2008
08:42
Lignum, have you had any further word from Barclays? My Relationship Manager tells me that the Corporate Actions team "are waiting on clarification from the registrars and it likely that they will be posting a letter to clients in the near future." MJ
mjcrockett
26/5/2008
09:33
latifs100 - I called HMRC (used the phone-number on my self-assessment form, so I was dealing with my own tax-office). They understood what I needed and were prepared to issue it, but (1) I had to apply in writing giving the specific detail of why I needed it, and (2) They said at the time, that all mail was being processed on a 3 week delay, so I shouldn't hold my breath...
katylied
24/5/2008
09:18
selftrade not interested too, now self trade is issuing share certificates in adamind.. what a shambles.. bloody adamind could have made the process easier. can someone please give the link to the hmrc tax form to be signed or the form number, form for residency.. tia. how do we get the remainder of the money
latifs100
12/5/2008
17:31
Barclays continue to offer no help (shares held in a marketmaster account) although I continue to push them. I agree with a naming and shaming approach and hope that it gets fed back to the offending brokers' marketing people. MJ - I have been dealing directly with Barclays' corporate actions team (tel 08459 412222) and would be interested if your relationship manager has more success than I'm having.
lignum
11/5/2008
10:39
I have my Adamind shares held in a Barclays SIPP account (NB Sippdeal do part of the SIPP administration for Barclays). Barclays are currently doing nothing to assist in the Adamind situation, but I have pointed out that Sippdeal and other are being more helpful. My Barclays relationship manager has promised to discuss this matter with their Corporate Actions Dept and get back to me shortly. I will report progress, or lack of it, on this board. MJ
mjcrockett
10/5/2008
21:22
Why not begin by drawing on our collective knowledge and draw up a list of brokers that are taking this seriously? sippdeal/James Brearley are. They have written to me and have asked I return the declaration and tax residence confirmation by June 1st. They will then take it from there. I am currently in discussions with Stocktrade re a separate account holding and will post again if and when their position clarifies. I also believe Hoodless Brennan are acting helpfully based on feedback from a friend. In dealing with brokers that are acting sloppily, it may strengthen the case against them if they can be shown they are failing against the competition.
luafc
10/5/2008
21:05
Legal action is impractical in my experience, whatever the rules are. People die of boredom and run out of funds before any conclusion is reached. This should be something a 'regulator' deals with - someone who can arrange a conference call between the registrar and the brokers and get them to talk and work out exactly what we have to do to get our withholding tax refunded. The regulator must be able to see that the brokers' refusal to comply with the requirements of the RNS denies us the chance to get the tax refund that is due. I have already emailed the financial ombudsman at enquiries@financial-ombudsman.org.uk - if someone has a better contact please let us know.
lignum
09/5/2008
13:48
I will be contacting the Head of Corporate Actions at my broker as soon as I recieve the proof of Tax Residency from HMRC. If I don't recieve a positive response from them within a reasonable time frame I will then contact the CEO of my broker and then the FSA. One of the other posters on this forum has spoken about potential legal action against their broker to claim back the loss caused by their refusal to act. I'd personally rather not have the hassle of that type of action unless really necessary, but would be really interested in the basis of the case. I believe that failure to act on the intructions of a benifiary holder is an offense but haven't been able to locate any specific info on this. Does anyone have any details of these regulations since I believe this would help support an FSA complaint? Thanks, Danger
dangersimpson2
09/5/2008
12:55
Danger - you are right, shareholders should send the forms (certificate of residency available easily from HMRC together with a tax declaration) to their broker who should forward on to Capita together with a list of beneficial holders supporting the total number of shares they are holding as nominee. Unfortunately some brokers appear to believe they have no role to play. Barclays are also refusing to play ball. If Barclays, Selftrade (and others) refuse to carry out what the Registar is asking I can't see how shareholders (holding shares through a nominee) can possibly reclaim the withholding tax. There is no alternative mechanism by which we can reclaim the withholding. This should be brought to the attention of the FSA or Financial Ombudsman very quickly as private shareholders are being put in an impossible situation due to the lack of co-ordination / communication between the Company (via its Registrar) and the brokers that hold our shares as nominee. I will be making an initial complaint over the next day or so and suggest others in the same position consider doing likewise.
lignum
08/5/2008
10:51
Well that's not what the registrars have told me. According to them the forms and details must come from your broker. All HMRC can do is provide proof of your tax residency, how could they know what your beneficial holding in ADA is? I would trust the registrars to know what's going on more than you broker, particularly since other brokers don't seem to have any trouble acting on these instructions. I would suggest a letter with specific intsructions may be harder to palm off than a phone call.
dangersimpson2
08/5/2008
10:33
I have Just phoned Selftrade and I was told that they don't handle it. It must be do though the Inland Revenue.
fagine
08/5/2008
10:20
According to Capita (the registrars) all the brokers have been sent the forms and details in a circular, so it is likely that Selftrade are choosing not to pass this on to shareholders (this is what my understanding of what my broker Interactive Investor is doing.) My suggestion is to get the form off the website, contact HMRC to get your proof of UK Tax Residency and send them into the Head of Corporate Actions at Selftrade with specific intsructions to pass these on to the registrars together with details of your beneficial holding. If they fail to follow your instructions follow this up with a complaint to the FSA, change broker etc.
dangersimpson2
08/5/2008
09:58
latifs100 I emailed Selftrade and asked if they had received the form to reclaim the tax. They replied "you are not due to receive any forms" I will be talking to again.
fagine
07/5/2008
15:15
selftrade paid 19.33.. anyone who trades with self trade, have u been filling out this tax witholding form? tia
latifs100
07/5/2008
08:52
Yes, my local tax office said its something they could provide and is a declaration signed by the tax inspector. It hasn't arrived yet but they are usualy pretty efficient. Give your local office a call (numbers on the HMRC website) and tell them you need to provide proof of UK Tax Residency and they should be able to help.
dangersimpson2
07/5/2008
08:35
Does anyone know what document this "confirmation of residence from the tax authorities" actually is? Has anyone requested one yet from HMRC?
mmc71
06/5/2008
15:43
I have just spoken to IG They credited 23.87p to spreadbet holders on March 12th, but apparently they themselves then only received about 19p They are pressing their own brokers to go ahead with the tax reclaim, and expect it to be credited around the end of June (although this sounds a bit optimistic to me)
greenleaf
02/5/2008
13:34
mmc71: I have extracted below from this link of the latest company release of 28th April: http://www.investegate.co.uk/Article.aspx?id=200804280700481975T The cut and paste job EXTRACTS from the link above show the Tax Residence Confirmation details that are required to be produced by the shareholder and not the broker. If you fail to deliver the Tax Residency confirmation and provide just the Declaration, the company release says you will not receive the withheld amounts until liquidation which could go to July 2009. Check the final para in particular. .... .... .... "(I) Residents (both individual persons and entities) of countries that are signatories to a treaty with Israel for the prevention of double taxation (each such country, a 'Treaty Country') may receive the withheld amounts either: (i) if they deliver to the Company (A) confirmation of residence from the tax authorities of the Treaty Country in which they reside and (B) the form of Declaration for Purposes of Israeli Tax Withholding attached hereto as Exhibit A (the 'Declaration') in which they confirm that (1) they are not Israeli residents (as set forth in the Declaration) and that (2) they purchased the shares after the Company's IPO. For the avoidance of doubt the Company has been advised that any shares purchased as Placing Shares at the time of the Company's IPO will be classified as purchased after the IPO for these purposes; or (ii) upon liquidation of the Company, provided that it is consummated by 31 July 2009, if they deliver to the Company, at the time of such liquidation, the Declaration (but without the need to provide the confirmation referred to in clause (i)(A) above). .... .... .... Note that each Shareholder that holds shares or Depositary Interests through a broker or nominee must sign the Declaration and provide the tax residency confirmation themselves. Declarations and/or tax residency confirmations signed and/or provided by brokers or nominees will not suffice."
luafc
02/5/2008
09:49
This should be the one: http://www.adamind.com/pdfs/Tax%20Declaration%20Form.pdf Found on the main page under news/14th March
dangersimpson2
02/5/2008
09:37
mmc71 can you post the link here please to the form on Adamind website.
eenmakkie
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