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Piet CronjAA(C)

1 reviews | Active since Aug 2012

18 Aug 2015, 11:41

Ad**** Ingram (AIP): Expropriation of 15% shares

After at least 7 attempts, I received no proper answer to any of my questions to Standard Bank (SBG). So, I'd like to know if there are other investors that suffered the same fate or perhaps we can alert more senior SBG personnel to address the problem without delay.<br> <br> In an Ad**** Ingram Circular (par. 1.3.4) to shareholders in June 2015 shareholders were informed that 15% of all shareholdings would be expropriated on 27 July 2015.<br> They would be rewarded R52 per share (page 15 of Circular). On said date 300 AIP shares disappeared from my portfolio, without commensurate compensation. I also noticed 93 share options that were added. <br> I contacted Computershare (on 10/6/2015) and received no joy

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Replies (1)
Standard Bank
Standard Bank's reply20 Aug 2015, 15:35
Official
Hello Gargantua,

Thank you for your posting and allowing us an opportunity to investigate your complaint.

This matter will be assigned to a resolution specialist who will contact you to resolve your complaint.

Kind regards

Complaint Resolution Centre
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