PLDT Preferred (SIP) Shares - Redemption

[KuyaDanny]

http://www.pldt.com.ph/investor/Docu...d%20shares.pdf

FYI, PLDT will be redeeming these shares in January 2012. A paper copy of the notice to all shareholders is being sent to your registered addresses. The notice is also available in PDF at the link above.

If you think you have shares, you might want to start working on getting the paperwork done, especially if your stock certificates have been lost. If you need to check with PLDT if you have any unclaimed stock certificates, bear in mind that since the issuance of this notice, the PLDT office has been swamped with inquiries from shareholders. It might take a few visits and good timeing before you are able to get served.

This is also a good opportunity to get any stale dated and undeposited dividend checks on these shares redated when you visit the stock transfer agent.

[juliacorpuz]

http://www.pldt.com.ph/investor/Docu...d%20shares.pdf

FYI, PLDT will be redeeming these shares in January 2012. A paper copy of the notice to all shareholders is being sent to your registered addresses. The notice is also available in PDF at the link above.

If you think you have shares, you might want to start working on getting the paperwork done, especially if your stock certificates have been lost. If you need to check with PLDT if you have any unclaimed stock certificates, bear in mind that since the issuance of this notice, the PLDT office has been swamped with inquiries from shareholders. It might take a few visits and good timeing before you are able to get served.

This is also a good opportunity to get any stale dated and undeposited dividend checks on these shares redated when you visit the stock transfer agent.

Considering it might take a few visits before one gets served, I have second thoughts of redeeming my 100shares@P10.00(par value). ~sighing~

[BG]

parang ang baba nga eh..

[KuyaDanny]

Well, if you have the certificate already you don't even need to visit PLDT. Just wait until January and go straight to the redemption agent.

Now, if your certificate has been lost, and the redemption is, as in your case, P1,000, then it would not be worth the trouble. I have been cleaning up my stock paperwork this year and have needed to reconstruct lost stock certificate. The typical cost for affidavits, notarial fees, publication fees, and certificate cancellation and replacement is more than P1,000 per case. So if you cannot recover more than that from the redemption, don't waste your time.

[TalkTalk01]

Inquired about this as I have 4 dead people having SIP stocks with PLDT. For a measly sum equivalent, kelangan pa ng extra-judicial settlement at publication sa diyaryo for 3 weeks??? Having second thoughts on doing this.

[mommie_ni_pao]

may ganyan din father ko. sabi ko sa kanya pag-aralan muna namin kung bibyahe pa sya para lang kunin un, kasi baka di worth it, malaki pa magagastos.

i'm not really literate when it comes to stocks (except sa mga books na nababasa ko from Robert Kiyosaki & Bo Sanchez). Meron kasi ako nabasa na may option ka to change it to common stocks. Baka mas maganda pang ganon na lang kasi the last time I check sa free demo account ko sa Citiseconline, mataas ang value ngayon ng PLDT shares, more than 2K per share!

KuyaDanny you seem knowledgable pagdating sa stocks, baka pwede mo kami matulungan. Naiisip ko din kasi mag-invest sa stocks for long-term (e.g. retirement), pinag-iipunan ko lang yung min requirement na 5K sa Citiseconline. Thanks in advance!

[KuyaDanny]

Re: Conversion of Preferred to Common

Before considering this, check to see how much your preferred shares are worth (par value x number of shares). In my case, the preferred shares are worth P1,800. They may be converted to common at a price of 90% of the market value of the common shares. PLDT common are worth P2,378 this morning. 90% of that is P2,140.20, so all my preferred shares are not enough to convert to one common share.

[BG]

kuya Danny pareho kayo ng dami ng kay dad.. sayangs...

[KuyaDanny]

That was the investment requirement when applying for a single-line residential telephone connection. I am not converting, but I am redeeming for cash if I can locate the stock certificate. If the certificate turns out to be lost, I will abandon my investment.

[BG]

aaahhhh...explaination noted.

mukhang mas ok na nga *** pag redeem.

[bryan1207]

My mother also receive a letter from PLDT. And we don't know how to redeem it. We use PLDT late 90s I think and she lost or miss placed SIP Certificate.

[KuyaDanny]

If what you got was several sheets in a brown envelope, the instructions for redemption are all there. The instructions are also in the PDF downloadable from the link above.

[bangkeroboy21]

Kuya Danny, we also received those, but my mother doesn't remember anything about that, talaga bang may ganito? I'm sorry because we simply don't remember buying stocks (heck we didn't even know about stocks till recently) i'm working under the assumption this is legit then?

[KuyaDanny]

If you applied for a PLDT landline sometime between 1974 and 2005, you were requested to also purchase preferred shares. The purchase price was paid along with installation fees, etc, at application time.

So, yes, you can assume this is legit, especially if you got a notice. This is the chance to get your money back if you still want it.

[KuyaDanny]

The PLDT redemption agent has set up an offsite center to process all the SIP redemptions. According to the people staffing the place, they estimate a total of about 2,000,000 shareholders to redeem shares over the next few months.

If your requirements are complete, proceed to:

ALCO Building
391 Sen Gil J Puyat Avenue
Makati
8:00am - 4:00pm
Near MRT Buendia/EDSA Station
Before Buendia Fly Over
Beside Landbank
Formerly Jaguar Show Room

Note: This location is different from the place stated in their official notice.

I just came from there and transacted in person. The process can be completed in about 30 minutes from the time you walk in. There are plenty of places to sit while waiting, and the air conditioning is excellent.

They will have a record of your unclaimed dividends, the amount of which will be added to the par value of your shares when they calculate the payment. You will walk away with a check drawn against RCBC.

[CIRIL]

I want to know how to compute the total amount to be redeemed. My share is 180.

[CIRIL]

I lost my stock certificate and despite diligent effort having been exerted the same could not be found. If it's worth the effort, I will process for the replacement but if not I'll leave it...

Please let me know kuya the computation. Thank you ahead

[KuyaDanny]

I want to know how to compute the total amount to be redeemed. My share is 180.

Redemption amount for 180 shares is P1,800. You might also get unclaimed and accrued dividends in addition to that.

[CIRIL]

Redemption amount for 180 shares is P1,800. You might also get unclaimed and accrued dividends in addition to that.

Thanks kuya... How are we going to know kuya that the registered SIP is individual or corporation? I have two stocks cert.to be processed I do not know which is individual and which is the corporation. I'm gonna going to processed their Affidavit of Loss.

Thank you Kuya.

[KuyaDanny]

I think you should contact either PLDT or the stock transfer agent to find out the information you need.