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Downing One DRIS

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
naflod
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Downing One DRIS

#394692

Postby naflod » March 11th, 2021, 5:48 pm

Yesterday I sent an email to Link Group, the registrar for Downing One, to point out that the share certificate and dividend comfirmation appeared to have used an incorrect price for the new shares, showing a cost price of 59.06p per share.

The RNS issued on 26th February stated that the issue price was 57.45p being the latest NAV less the dividend:

https://www.londonstockexchange.com/new ... s/14880428

The figure in the RNS corresponded to the figure that I was expecting to see.

So far I have not received a reply.

naflod

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Re: Downing One DRIS

#394741

Postby cprof » March 11th, 2021, 8:19 pm

Well spotted.
I also subscribed to DRIS and was isued shares at the same price as you. I await to hear of the response to your query to LInk.

naflod
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Re: Downing One DRIS

#395830

Postby naflod » March 15th, 2021, 5:05 pm

I forwarded a copy of my email to Downing yesterday so that it would be awaiting them today, as Link had not responded last week.

I have now had a reply from Downing, apologising for the error and stating that Link will be issuing replacement share certificates shortly.

It seems surprising that there hasn't been an RNS announcement to alert shareholders to the error.

naflod

naflod
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Re: Downing One DRIS

#398634

Postby naflod » March 24th, 2021, 12:43 pm


naflod
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Re: Downing One DRIS

#403137

Postby naflod » April 10th, 2021, 11:30 am

And the saga is complete, this morning's post brought the correcting share certificate :D

naflod


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