Halifax Unclaimed Shares from Demutualisation
Halifax Building Society converted from member ownership to a stock company – a process called demutualisation – in June 1997. Qualifying Members were entitled to receive shares in Halifax plc, as a consequence of this demutualisation. To be eligible to make a claim, you must have had a mortgage or savings account continuously between 24th November 1994 and June 1997.
After demutualisation in 1997, savers or mortgage holders had three years to claim their shares. The shares were sold in 2001 for £8.34. Some 75,000 former members had until August 2010 to claim their share of the proceeds of sale – £158m cash – which is paid without interest, but does include associated dividends and other related payments.
While those qualifying members who did not claim their shares before 2001 can no longer receive shares, they can still claim the proceeds from the sale of those shares, along with associated dividends and related payments.
If you believe you are entitled, contact Shareholder Solutions, a trading name of Computershare Investor Services plc. You will be issued an Eligibility Form so that your claim can be validated.
Note: In 2001 HBOS was formed by the 2001 merger of Halifax plc and the Bank of Scotland. The HBOS Group Reorganisation Act 2006 resulted in the transfer of Halifax plc to the Bank of Scotland. The group became part of Lloyds Banking Group following a takeover by Lloyds TSB on 19 January 2009. Lloyds TSB was subsequently renamed Lloyds Bank on 23 September 2013. For additional information go to: www.lloydsbankinggroup.com.
Halifax Unclaimed Demutualisation Shares
PO Box 1286
Tel: 0800 073 3919 (Freephone)
International Tel: +44 870 702 0018
|Claims Information & Eligibility|