Shareholder Asset Recovery Program

After completing a Merger, Acquisition, Reverse stock split and/or other mandatory Corporate Action, historically issuers find that there will still be up to 10-20% of the original shareholder base remaining as unexchanged. These shareholders have a host of issues that have kept them from responding to the exchange materials used to claim their assets.  Laurel Hill’s Shareholder Asset Recovery Program (“SHARP”) can successfully assist these unexchanged shareholders resolve the issues that have kept them from claiming their new assets, at no cost to our issuer client.

Various factors contribute to a shareholder remaining unexchanged; many of these shareholders may be unaware that action is required, cannot be located or require guidance on legal and estate matters. Our shareholder services experience in providing unique research methods and proven communication strategies are designed for success. Laurel Hill specializes in locating these ‘lost’ shareholders, educating them on the transaction, and providing them with valuable time-saving assistance in claiming their assets. The SHARP material educates the shareholder on how to participate, expiration dates and the associated fees; inclusive of how to claim the shares outside of our service.

We communicate with our issuer client throughout the program to provide information concerning the shareholder response and the overall results.  Our solution is customized and involves an integrated approach including plain language, professional design, and a unique focus on helping shareholders understand the assets due to them.

Our SHARP service will contact up to 90% of the remaining unexchanged shareholder base and achieve a 65%- 80% success rate of exchanges.  SHARP provides an ideal service for cleaning up out-of-compliance records and performing extensive due diligence efforts prior to escheatment.