Until I retired in September 2003 I was a director of a company whose business was estate agency. In 2000 we were approached by Fish4homes who, in return for uploading details of our properties to their website, issued us with 15000 shares in F4H.
The company heard no more about it until October 2003 (after I'd left) when F4H had the shares valued and asked us what we wanted to do with them. This was after my retirement and I think the company either didn't respond to F4H or perhaps decided to keep them.
In March 2004 the present directors put the company into administration. Yesterday I received a letter from the Administrator asking me about the shares. Apparently when F4H had written to the company in October 2003 they had addressed the letter to me personally and the Administrator wanted to know if I owned the shares or the company owned them.
I had no idea what had transpired and to be honest I wasn't particularly bothered (they are valued at 0.37p each) but I phoned F4H and explained what had happened to the company. Their response was ?Oh, in that case the shares are cancelled' No further discussion possible.
Can they simply cancel these shares because the Company is in Administration or do they belong to the Administrator?
Regards
Xavier