|
Northern Rock Campaign – Appeal for Funds
to Fight for Fair Compensation
We believe it is morally and legally
wrong for the Government to dictate the terms of reference for the
determination of compensation to be paid to Northern Rock shareholders.
We have therefore supported a legal challenge to the approach the
Government has taken with a view to obtaining a fair value based on a
truly independent and unbiased valuation process using normal commercial
principles.
Although UKSA management and the members of the
Northern Rock Action Committee do not charge for their time or costs
incurred in running this campaign, we do have considerable other
expenses that also need to be covered. This comprises printing, postage,
the cost of purchasing the company’s share register and other incidental
and administrative expenses. In addition we are incurring substantial
legal costs. We are therefore asking all
former shareholders in Northern Rock to contribute to a fund for this
purpose.
Our objective is to raise at least £15
from every shareholder and more where those shareholders
held considerable number of shares (after all those with more shares
will benefit more if the legal action is successful). These
subscriptions will help to cover the basic expenses that we have for
administration and communications with shareholders.
Chris
Hulme and Shumm Ghumman, co-chairs, Northern Rock
Shareholders Action Group
To make a donation you can do so by
clicking on the following link to make a donation on-line:
Donation, or you can print this page out and
post it
with a cheque. You can also make a
donation by direct bank transfer - see below.
Name: _________________________________________________________
Address: _________________________________________________________
_________________________________________________________
_________________________________________________________
Postcode: ________________
Email
Address (please write clearly in capitals):
___________________________________
Telephone (optional): ________________________________
Number
of shares held _____________________
I
enclose a cheque for £ ______________ made payable to the UK
Shareholders’ Association as my donation to this campaign. (We
suggest a donation that is calculated as follows based on the number of
shares you held - the amount being asked for is based on the money we
need to raise and the likely number of respondents. The suggested
contribution is 2p per share held, but please simply give as much as you
can afford. A table that gives some sample
figures is shown below)
|
Shares held |
Subscription Amount @ 2p per share |
|
500 or less |
£ 15.00 |
|
1,000 |
£ 20.00 |
|
2,000 |
£ 40.00 |
|
5,000 |
£ 100.00 |
Please return this form together with a
cheque for the amount being contributed to the following address: UK
Shareholders' Association Ltd, Chislehurst Business Centre, 1 Bromley
Lane, Chislehurst, BR7 6LH
Foreign shareholders or those who
wish to pay directly into our bank account should contact UKSA to obtain
our bank details.
The UK
Shareholders Association warrants that any contributions made in respect
of this matter will be used solely to promote the interests of the
shareholders of Northern Rock Plc. If the committee set up to organise
this campaign subsequently determines at some point that no further
action is necessary, then any funds remaining will either be returned by UKSA to contributors pro-rata to their total contributions, or may be
used for any charitable purpose to promote the interests of UK
shareholders in general by UKSA. Money paid to UKSA for this campaign
will be accounted for separately, and any expenses incurred likewise,
and a statement of income and expenses will be supplied to contributors
at appropriate points in time, but no less than annually. The
UK Shareholders Association (UKSA) is a “not for profit” company limited
by guarantee – see
www.uksa.org.uk//about for more information. The Northern Rock
Shareholders Action Group is a group operating under the constitution of
UKSA.
|
All Northern Rock shareholders responding to this appeal
are invited to take advantage of a first year 50% discounted
subscription offer for membership of the UK Shareholders'
Association, which exists to serve and promote the interests of
all private shareholders. To take advantage of this offer,
please do not send a cheque but complete and return a
standing order
form, or call 020 8468 1027. |
If you
have any questions on this matter, then please call
020 8468 1027
(Int: +44 20 8468 1027)
|