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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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The email was sent by the managing director as a breakdown

Customer Question

The email was sent by the managing director as a breakdown of shares to various people in the company and showed the share price that month and what it should pay each individual.
However I have no contract and no share certificate issued as I never produced the goods to buy my shares.
Therefore no contract was ever drawn up and share certificate issued, however I feel hard done to slightly as I worked there for 3 months and saw the shares I should be getting and never got them.
Submitted: 4 years ago.
Category: Law
Expert:  Ash replied 4 years ago.

Alex Watts :

Hello my name is Alex and I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.

Alex Watts :

Could you explain the situation a little more?

Customer : I had a deal to buy into a company by purchasing shares by an input of stock, however after three months of working their the stock unfortunately did not materialise.
Customer : therefore I never got paid the shares as promised in the email, as said before there was no agreement made and no share certificate issued as the stock did not materialise.
Customer : However I have an email to proove a breakdown of shares in that period is this enough or am I throwing money away by challenging the situation in hand as a court battle could cost me a lot but the dividends for the alotted shares in this period could be £80k or more.
Customer : i have been told that with no agreement, minutes of the meeting to transfer shares and more importantly without a share certificate I haven't got a leg to stand on?
Alex Watts :

But you have an email saying you are entitled to X - have I understood you correctly?

Customer : Yes correct
Customer : I did get the amount on the email, however the email stated for example:- 158 shares totals £8135.00 for the month of February. Which is what I was paid, what I am now wanting to do though is chase my 158 shares every month since. Is this viable as I have no other communication other than the email on which as I have said I was paid this "dividend".
Customer : Here is a copy of the email:-
Customer : Sorry it will not upload
Alex Watts :

That is ok. Well even if you have the email (although there is no formal written contract) it shows an offer for shares which I assume you accepted.

Alex Watts :

Therefore you can rely on this as your contract. What you can do is write and ask for the shares or value and if you do not get them within 14 days you will go to Court. Make sure you send this recorded delivery and keep a copy.

Alex Watts :

If they refuse then you can issue proceedings which can either be done online at: www, or by completing form N1 and taking it to your local County Court.

Alex Watts :

The Court will then issue a claim which will be sent to the other side and they will have a limited to defend, if not you can enter Judgment.

Alex Watts :

If they do defend then the matter will be set down for a hearing and you can show the Judge the details of the email.

Alex Watts :

If this answers your question could I invite you to rate my service which I hope has been excellent today, if you need more information or help then please click reply.

Please remember that I am always happy to help if you have future questions, even if I am in Court I can normally respond within a few hours. For future information, please start them with ‘For Alex W’.

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