Ediston Property Investm... Share Discussion Threads

[skinny] 09/10/2024 11:04

Once again, HL credit something late but date it with the 'correct' date.

As above, appeared on the 4th, but stamped the 3rd.

[chucko1] 04/10/2024 08:13

Have a look now. Once again, HL later than most.

[spectoacc] 03/10/2024 14:49

Interesting - nothing in HL, neither money nor notification.

[perfect choice] 03/10/2024 14:48

Received my payment in my AJB SIPP today, the payment was at 1.45pps, so higher than the original announced 1.21pps, every little bit counts!

[ramellous] 03/10/2024 14:47

I’ve just been paid out with ii

[justdave20] 03/10/2024 14:30

From liquidator today.

Ediston Property Investment Company plc (In Members’ Voluntary Liquidation)(“the Company”)

Computershare has confirmed that the cheques were issued to shareholders on 30 September as planned and so the second cash distribution in the liquidation of the Company was made on that date.

Computershare continues to manage the Company’s shareholder register and so if you have any further queries on the distribution, please contact them on the details below.

Computershare Investor Services plc
The Pavilions
Bridgewater Road
Bristol
BS99 6ZZ

[chucko1] 02/10/2024 20:56

No news, no messages, no nothing.

[justdave20] 02/10/2024 15:51

Has anyone received any further update / cash in their accounts?

[justdave20] 25/9/2024 10:50

Soirce is the liquidators. I emailed them.

Broker have told me that they will pay cheques into accounts. Agreed probably some fees, but not much one can do about that.

For tax is this capital gains or divs?

[cwa1] 25/9/2024 08:22

Dear Mr Nickrl

After deducting our VERY modest handling fee, we are pleased to say you owe us £1237. This can be paid to us in any of the following ways...

Kindest regard

Rapacious Nominee Company

[nickrl] 25/9/2024 07:57

So if its by cheque presumably they send the cheque to the nominee company who then has to distribute it no doubt after they've charged a handling fee!

[feddie] 25/9/2024 07:37

Justdave20 (2115), what is the source of such information?

[chucko1] 24/9/2024 23:52

Did EPIC have some dotty old aunt who had money stuffed under her bed? Was she the one who forgot to invest the cash?

It's barmier than SLFR/X, and that is saying something.

[spectoacc] 24/9/2024 13:39

I guess HL pay the cheque into my ISA?

Love the little kicker at the end - how much extra per share? £10? £0.000000001?

[justdave20] 24/9/2024 13:02

Received the following good news.

Ediston Property Investment Company plc (In Members’ Voluntary Liquidation)(“the Company”)

I can confirm that there will be a second cash distribution to shareholders of the Company and we have received confirmation from the Company’s Registrar, Computershare, that this distribution (which will be made by cheque only) will be made to shareholders on 30 September 2024. The Joint Liquidators have confirmed that the rate of this distribution will be 1.45 pence per ordinary share.

There have recently been some developments as the Company may also be due additional funds, although, at this stage, it may some months before this is received. As such, we estimate that there will be a third and final distribution to shareholders around June 2025 (perhaps sooner if the funds materialise earlier) however we do not yet know the quantum of this distribution. We will provide an update to shareholders once these details have been confirmed and a third and final distribution can be made to shareholders of the Company.

[spectoacc] 16/9/2024 10:53

Some of these liquidations are comical - as are the liquidators' fees.

Had one where the messed up the spreadsheet for one of the payouts, and all hell broke lose (AKA added another year, and another year of £xx per hour fees).

Have to say, I'd be annoyed to see it still in my ISA by June 2025. Will gift it after the 1.21p I think (thanks @TheOldCodger).

[chucko1] 16/9/2024 10:30

I saw a total remaining amount, all things going well (that's marginally fanciful) of roughly 1.4pps. 1.21pps is now good to go, and I suppose up to 0.2pps in the fullness of time.

That's quite a long liquidation for something quite straightforward.

[theoldcodger] 16/9/2024 08:49

From AJ Bell today:

The liquidators intend to make a second cash distribution of approximately GBP0.0121 per share by the end of September 2024.

A further distribution is expected to be made around June 2025.

[ec2] 13/9/2024 07:35

Ah.. Perhaps I need to learn how to count. I'll give them another month.

[chucko1] 13/9/2024 06:36

October? (is 9 months)

"envisaged"!

EPIC!!!!

But yes, it's just one more unexpected hiccup, though nothing with EPIC can be categorised as "unexpected" as they were never in the business of envisaging anything.

[ec2] 12/9/2024 21:29

When will I be able to get this irritating line off of my books. Company circular dated 20 Dec 23 said the final distribution is envisaged to be in the region of six to nine months after the voluntary liquidation date (which was 12 Jan 24). Therefore nine months is up today.

[skinny] 09/6/2024 08:31

That's very nearly an armful to some people.

[spectoacc] 08/6/2024 17:49

Indeed, but we're due a little tickle at some point - just that I can't recall when, or how much. It's the final wind-up amount, have had it several years later in some cases, but am sure EPIC was stated as being sooner.

ie half a p or something, not big money.

[skinny] 08/6/2024 09:18

From the RNS :-

"It is expected that the Initial Distribution will be not less than 69.0 pence per Ordinary Share and will comprise the vast majority of the Company's assets."