Toronto
BRAD ALLEN
366 Bay Street
Suite 200
Toronto, ON M5H 4B2
Direct (416) 637-4614
Vancouver
DAVID SALMON
666 Burrard Street
Suite 500
Vancouver, BC V6C 3P6
Direct (778) 370-1388
New York
FRANCIS BYRD
100 Wall Street
22nd Floor
New York, NY 10005
Direct (917) 338-3191
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Shareholder Asset Recovery Program (SHARP)
Post Merger Needs
For
Issuers following a merger or acquisition, there remains the cost of
maintaining accounts of shareholders who have not exchanged their
shares or claimed their assets. Laurel Hill’s Shareholder Asset
Recovery Program can assist as many as 80% of unexchanged shareholders
successfully claim their entitlements. In addition, this can benefit
Issuers in preparing for actions related to abandoned property or
escheatment laws.
Identifying Lost Holders
Various
factors contribute to the fact that up to 20% of registered
shareholders remain unexchanged for months or years following the
transaction. 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,
informing them of the transaction, and providing them with valuable
time-saving assistance in claiming their assets.
No Cost to the Issuer
Our
Shareholder Asset Recovery Program allows shareholders to voluntarily
participate in the program with minimal fees paid directly to Laurel
Hill so there is no cost to the Issuer. 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 and clearly presenting how we can assist. Learn more