End of the day for Extra windfall shares.
April 7th is the deadline, announced by the Halifax, for the 145,000 former members to claim their outstanding windfall shares. The estimated total worth is reported to be around £170m, which averages between £1,500 to £2,500 per owner.
The windfalls came about when the Halifax shed its mutual status back in June 1997 and converted into a PLC. Legally, former mutuals must offer shares for three years after conversion and then offer the cash equivalent for a remaining nine years. The three years is nearly up and after April 7th members will only be able to claim the cash (without interest) until early 2009, after which all rights are lost.
According to a report in the Guardian (13/01/01) the Halifax are saying that it can not rule out the possibility that a very small number of people may have deliberately not claimed their shares because they were vehemently opposed to it abandoning building society status.
To qualify for shares, there are numerous criteria for eligibility. If you believe you qualify then you can either phone the Halifax: 0870 240 0717 - 9am to 5pm Mon-Fri, or print off our claim form, add your details and post it to the address shown.
|Claim Form:||Word.doc||Acrobat File|