Anyone else had their companies listed? Need some info

[keith_henson]

evening all

our company DONG energy is being listed in the coming months. What should I be expecting? anything? nothing? shares to buy?

DONG Energy Ready for $15 billion IPO - Companies * Europe * News * Story - MSNBC.com

Details of the company listing above and DONG Energy homepage is our site.

Any info would be grand

thanks

Keith

[Big Kahuna]

You might get the option to get in on the IPO at a preferential rate as an employee. If you do this you are normally tied to holding onto the shares for a certain time period before being able to sell them on and there may be some other restrictions like selling them back to the company at an agreed rate of market value +/- a certain percentage.

You may also get the incentive of being offered shares to get you and work mates to perform well to boost financial results in the run up to the sale.

You could also get offered the ppertunity to take shares as part of the next financial years benefit package.

If you are concerned about it find a friendly IFA to have a chat with (there has probably got to be one on YD?) although bear in mind that if you don;t pay for the advice it is worth exactly what you paid for it.

A company I worked for a few years back floated and we got given shares as part of the renumeration package and the option to purchase at a discounted rate as part of the IPO. I think I put in about 2K at the time. Not a massive amount but for a then 19 year old it was a lot of wonga. I sold them on leaving the company for market value (ones I had been given and ones I bought).

The company engagaed and IFA that we all had access to. Might be worth seeing if your company does something similar.

Hope this helps.

[Adrian Kelland]

If the shares are listed in Denmark, you might find any dividend cheques to be worthless by the time you factor in conversion and costs. You would then be entirely reliant in share growth and favourable exchange rates. The shares can go up in value, but exchange for less. Would probably be less of an issue if you have a back account in the native currency.

You should also ask an IFA what the implications are of the Danish government holding a majority share until 2025, if the Wikipedia entry is correct.

Adrian

[keith_henson]

Originally Posted by Adrian Kelland

If the shares are listed in Denmark, you might find any dividend cheques to be worthless by the time you factor in conversion and costs. You would then be entirely reliant in share growth and favourable exchange rates. The shares can go up in value, but exchange for less. Would probably be less of an issue if you have a back account in the native currency.

You should also ask an IFA what the implications are of the Danish government holding a majority share until 2025, if the Wikipedia entry is correct.

Adrian

The main reason for the government holding on to the majority share is to prevent an international company taking over i.e. edf, Eon, statoil etc etc.

[SilvaFish]

When the company I worked for got demerged a few years ago, we all got given shares - a good chunk, but they could not be transferred to our names for 3 years for taxation reasons. I have since been transferred to another company so have qualified as a 'good leaver' and now have the share certificates.

That company now offers a scheme where employees are allowed to buy shares at a third discounted price (set in March/April), but not allowed more than £250 per month, tax reasons again! Normal capital gains tax on selling these shares (and also for selling the free ones).

It is worth discussing options with an accountant, more so seeing your company is registered outside of the UK?