Briefly: Pay up or lose your shares

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The Independent Online
SHAREHOLDERS in the regional electricity companies who have not yet paid the final instalment on their shares are being warned that they must pay up immediately if they are not to forfeit their shares.

Letters have been sent to investors who have still not paid the third instalment of 70p a share which fell due on 15 September.

Unless payment is received immediately they will lose the right to their shares as well as to any special entitlements that they have enjoyed, such as vouchers and bonus shares.

Defaulters will be reimbursed with pounds 1.70, the value of the first and second instalments, less any costs incurred.

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