FAQs
British Energy is no longer a publicly listed company and is now a wholly owned subsidiary of EDF S.A.
If your question about dividends, ordinary shares or other shareholding matters is not covered below, please contact our Registrars.
- What do I do if I move house?
- What do I do if I change my name or get married?
- My British Energy share or warrant certificate has been lost or stolen. What should I do?
- When will the next British Energy dividend to be paid?
- My partner or relative has passed away. What should I do about their shareholding?
- How do I find out how many British Energy shares I hold?
- On which exchanges is British Energy Group plc listed?
- What happened to any old British Energy ADRs I held once the restructuring became effective?
- What happened to any old British Energy shares I held on the restructuring becoming effective?
- How much were my New British Energy shares sold for if I did not elect to receive new shares?
What do I do if I move house?
You will need to notify Equiniti (previously Lloyds TSB Registrars) in writing by completing a change of address form. If you hold shares in joint names, the request to change the address must be signed by the first named shareholder. To determine this, look at your share certificate or tax voucher.
What do I do if I change my name or get married?
To ensure the details of your shareholding are correct on the register you should notify Equiniti in writing of any change to your name. You should also include a copy of your marriage certificate or change of name deed as evidence of your name change. If you need uncashed dividend cheques to be reissued in your new name, please also include them in your envelope.
My British Energy share certificate has been lost or stolen. What should I do?
If you lose your share certificate, or it has been stolen, you should inform Equiniti immediately. You can do this by calling the British Energy helpline on 0871 384 2045. A record of the lost share certificate will be made to prevent it being used and a letter of indemnity will be sent to you to sign. This is to protect British Energy from the possible misuse of your certificate while it is not in your possession. A replacement share certificate will then be sent to you. There is a charge for this service, so we advise you to keep your share certificate in a safe and secure place.
When will the next British Energy dividend paid?
As announced on 5 January 2009, the acquisition of British Energy Group plc by Lake Acquisitions Limited, a wholly owned subsidiary of EDF S.A., became effective. Therefore, the British Energy dividend policy is no longer applicable.
For data regarding the dividends paid to shareholders, please click here.
My partner or relative has passed away. What should I do about their shareholding?
Please contact Equiniti at your earliest opportunity and they will assist you with the documentation required. This may involve the small estates procedure or require a Grant of Probate and they will be able to make the process as straightforward as possible for you.
How do I find out how many British Energy shares I hold?
You can confirm the number of shares you hold by calling Equiniti on 0871 384 2045.
On which exchanges is British Energy Group plc listed?
British Energy delisted from the London Stock Exchange on 3 February 2009 and is now a part of EDF Energy.
What are the Capital Gains Tax implications for former shareholders of British Energy plc?
There will be a capital gains disposal by each former British Energy plc shareholder, who is within the charge to UK capital gains tax or UK corporation tax on chargeable gains, of their shares in the former British Energy plc, on cancellation of the shares when the restructuring became effective on 14 January 2005. Broadly, the gain/loss is calculated by deducting the initial cost of the shares from the consideration received.
For shareholders who disposed of their shares by having them sold by the nominee on their behalf, the consideration is deemed to be the proceeds received from the nominee.
For shareholders who elected to receive shares, the consideration is deemed to be the market value, on the first day of trading, of the shares (262.875p per share) and warrants (172.375p per share) received along with the sale of the fractional entitlement.
For further information, including a sample capital gains calculation, click here.
The above is only intended as general guidance. Shareholders are encouraged to consult their own tax advisers concerning the tax consequences in light of their own personal circumstances.
What happened to any old British Energy ADR's I held once the restructuring became effective?
For you to have received the new shares and warrants, JP Morgan must have received a validly completed letter of transmittal by 6 January 2005 otherwise you will have received the cash proceeds (net of selling expenses) in lieu of the new shares and warrants to which you were entitled.
For every 50 ordinary shares of British Energy underlying your ADRs, you were entitled to receive 1 new share and 2.1 warrants of new British Energy. 1 ADR represented 75 ordinary shares, therefore for each ADR for which a valid election has been made, you have been entitled to receive 1.5 new shares and 3.15 warrants of new British Energy.
For shareholders whose shares were sold by the company upon restructuring, and subsequently net proceeds remitted, the value was 1 share sold for 255p before expenses and 2.1 warrants sold at 162p each before expenses for every 50 shares.
The precise number of shares would have been rounded.
What happened to any old British Energy shares I held once the restructuring became effective?
For you to have received new shares and warrants, Lloyds TSB Registrars (now known as Equiniti) must have received a validly completed letter of application by 13 January 2005, otherwise you will have received the cash proceeds (net of selling expenses) in lieu of the shares and warrants to which you were entitled.
For every 50 ordinary shares of British Energy underlying your ADRs, you were entitled to receive 1 new share and 2.1 warrants of new British Energy.
For shareholders whose shares were sold by the company upon restructuring, and subsequently net proceeds remitted, the value was 1 share sold at 255p before expenses and 2.1 warrants sold at 162p each before expenses for every 50 shares held.
The precise number of shares would have been rounded.
How much were my New British Energy shares sold for if I did not elect to receive new shares?
Shares and warrants were placed on the evening of 17 January 2005 at prices, before expenses, of 255p and 162p respectively. Proceeds from the placing would have been remitted in early February 2005.
