As a result of a large corporate action, large amounts of cash and shares often remain unclaimed. Under the Companies Act 2006 companies have a responsibility to maintain unclaimed or dissentient registers as a result of a demutualisation, merger or acquisition for a period of 12 years. After 12 years, the outstanding consideration must be paid into Court and the company will be required to satisfy the Court that reasonable effort has been made to trace dissenters that still have unclaimed assets.

Our PostMerger CleanUp™ solution provides an end to end and fully managed service to locate, engage and reunite investors with their unclaimed cash or shares. Once the programme has been completed Georgeson can then arrange for any remaining funds to be paid into Court via our Payment to Court service.

The Georgeson service helps companies to be compliant with their obligations under the Companies Act 2006 in relation to unclaimed assets, typically at no cost to the issuer.

Companies lose touch with their investors when a shareholder moves address without notifying the company or registrar, or they die and those administering their estate are left unaware of the shareholding. This results in large numbers of dividends being unclaimed and inactive investors on company shareholder registers.

These ‘goneaway’ shareholders are the most vulnerable targets for identity fraud as there is little or no opportunity for the company or their registrar to verify any change to their circumstances at a current registered address.

The Georgeson register cleansing solution (Data Cleansing and Enhancement) enables issuers to identify, trace, engage and where appropriate reunite shareholders with unclaimed dividends. The service also enables shareholders to sell their shares using a low cost Share Dealing service and for shareholder details to be updated with the company registrar to ensure effective communication in future.

Our service is designed to:

• Enable you to re-engage with your investors and reunite them with shares and/or cash to which they are entitled
• Provide evidence of efforts made and an audit trail of steps taken before funds are paid into Court in accordance with the Companies Act 2006
• Help reduce your registry servicing costs
• Improve customer and brand protection by reducing the risk of identity fraud against your share register
• Update your share register to subsequently improve marketing impact and investor retention.

Our Registry and Investment solutions include:

• PostMerger CleanUp™ and Asset Reunification to reunite unclaimed dissentient shareholders with unclaimed cash and/or shares as a result of a specific corporate action
• Payment to Court service to pay monies into Court in accordance with the Companies Act 2006
• Register cleansing Data Cleansing and Enhancement to identify goneaway holders on company registers and reunite them with unclaimed dividends and shares
• Mortality Screening

To find out more about the Georgeson Asset Reunification Services please contact us using the details provided below.

James Devon > Head of Business Development, Georgeson Asset Reunification

james.devon@georgeson.com
+44 (0)870 7020316
+44 (0)7789 205 104

Alternatively, you can email us at assetreunification@georgeson.com.

Or if you prefer you can write to us at our main office address:

Georgeson Asset Reunification
2nd Floor, Vintners Place
68 Upper Thames Street
London
EC4V 3BJ
United Kingdom