Post Office shares Q.

[SnafflesMaisieandGraemeSouness]

A while ago we bought some Post Office shares. And apart from the odd dividend rather forgot about them.

Recently something seems to have happened and we have received emails and letters about some sort of deal where we are invited to sell the shares to someone at a fixed price. If we don't take this deal then at some point in the future it will be forced on us at this fixed price come what may ?

That's my understanding. Sadly the family member who set this up isn't really in any state to help anymore, and I thought this might be a place to start for some advice.

As far as I can tell there are only 2 options: sell now. Or not and possibly be forced to sell in future. But I can't see any downsides ?

Thanking anyone who replies in advance.

The post office is for sale and a offer has been made to buy your share of the company. If your Google it, There are a few reports on the who and why.

I would agree with your view of why not sell if you have no interest in holding the shares.

DH got a letter also, looks like you either take their offer, don't take it and hope they offer a better price, if people don't take up on the offer, I don't know if that is likely at all, The new company taking over RM needs 75% of the total shares, which if they get they will sell your shares anyway.

I can't see DH filling in the form with any speed, it's sat in a pile of letters so they will probably just end up with new company buying them back, he had the allocation you was allowed when it floated which I think was about £700 worth, so we are not talking about a big shareholding here.

There is a small thread on it in MSE forums in the banking and borrowing/investment bit which has a few posts about it so I will probably keep an eye on that, to give DH a shove if I think he needs to act on the letter

It's Royal Mail NOT the Post Office.

RM was privatised in 2013, Post Office acts as their agent to sell postal services. And agent for banks to do basic banking and DVLA to do driving licences and so on.

A current shareholder of RM (Daniel Kretinsky) has bid to take RM into private ownership. It's RM so the daily mail and distribution services in the UK under the Universal Obligation (USO) and their parent company which runs international logistics.

DH has sold his now, he only had 227 which was the holding that a lot of people got at the time, I think it was the max allowed, postal workers got more. The closing date looks like it is the 22nd August to do this with the letter we have been sent.