Forum Archive Index - November 2003

["Malcolm Cameron" <malharcameron@hotmail.com>]

Snoopy they are only doing what Telstra instucts them to do and Telstra 
seems to have screwed down the price it pays for the service as well. Had 
similar problems with both B K and computershare with other companies over 
dividend payments Both Carter Holt will only pay dividends in NZ dollars to 
those on NZ register and Australian dollars to those on Australian register. 
Where choice of currency etc would be very beneficial to shareholders of 
dual listed shares. Tower had a bad problem with the Australian equivalent 
of B K registries somebody put the wrong letters in the envelopes to 
shareholders there was supposed to be different letters depending on size of 
share holding. They were supplied by Tower but postage, sorting & addressing 
were part of the registry service.
Malcolm






>From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Disgraceful Service, BK Registries and TLS
>Date: Thu, 27 Nov 2003 19:11:36 +1300
>
>Hi Malcolm,
>
> >
> >Snoopy Don't blame the Registry. They just do as they are told Blame
> >Telstra the registries do not send out reply paid envelopes with
> >Telstra documentation.
> >
>
>If you are correct, why does the offer document cover have a note on
>the top LH side that says:
>
>"If undeliverable return to:
>
>Telstra Share Registrar,
>c/o BK Registries Limited,
>PO Box 384,
>Ashburton 8300
>New Zealand"
>
>It looks to me like BK registries 'did the deed'.
>
>I would like to also add that BK registries informed me earlier in
>'another incident' that all Telstra dividends will from now on be paid in
>$NZ to those on the NZ Registry (which I don't want), and that I must
>supply them a bank account number, as they are going to refuse to
>send me a dividend cheque.
>
>I have never heard of a company that pays a dividend but refuses to
>pay a cash dividend by cheque.  I am surprised that BK registries didn't
>pull TLS up on this.    I have doubt that the refusal by TLS to write
>cheques is even legal.    Can any lawyer out there confirm?
>
>SNOOPY
>
>discl: Hold TLS, and will soon me moving registries.
>
>
>
>
>--
>Message sent by Snoopy
>on Pegasus Mail version 4.02
>----------------------------------
>"Dogs have big tongues, so you can bet they don't
>bite them by accident"
>
>
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