Frequently asked questions

Why have I not received a dividend?

At McBride plc's General Meeting on 24 March 2011, shareholders approved the issue of non-cumulative redeemable preference shares with a nominal value of 0.1 pence each (B Shares) as a method of making payments to shareholders rather than paying a cash dividend. However, you can still receive cash from the Company provided you complete and return an Election Form by the relevant deadline.

What is a B Share?

B Shares are non-cumulative redeemable preference shares of 0.1p each in the capital of the Company that can, during defined periods, be redeemed for cash. The Company expects to issue B Shares to ordinary shareholders in May and November each year in lieu of a cash dividend.

What can I do with my B Shares?

You can do one of two things with your B Shares:

1. Redeem all (or part of) your B Shares for cash

You can receive cash, each time the Company makes a payment to shareholders, by completing an Election Form or making an instruction through CREST, depending on whether you hold your ordinary shares in the Company in certificated or uncertificated form. If you hold your ordinary shares in certificated form (i.e. not in CREST) you should return your Election Form to the Company's Registrar, Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU, at the earliest opportunity.

If you hold your ordinary shares in uncertificated form (i.e. in CREST) and want to redeem the B Shares being issued to you for cash, you should submit an electronic message through the CREST system.

2. Keep the B Shares

If you make no election at all then you will automatically receive B Shares and you will be sent a B Share certificate (or, if you are holding your ordinary shares through CREST, your CREST account will be credited with B Shares). If you retain B Shares you will receive cash dividends on the B Shares twice a year fixed at 75 per cent of the interest rate known as LIBOR.

Can I sell my B Shares?

B Shares are not listed on the London Stock Exchange and therefore there is no ready market in which you can sell your B Shares, although you can transfer them privately.

Can I redeem B Shares at any time?

No. The Company expects to set redemption dates in May and November each year for so long as B Shares are in issue. If you are issued with a B Share certificate and later want to redeem your B Shares, you will need to complete the form on the reverse of the B Share certificate and return it to the Company's Registrar, Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU. Provided the certificate is received by the relevant deadline for that redemption, the shares will be redeemed at 0.1 pence per share on the next redemption date.

Why have I not been told about this change to dividends?

A pack of information was issued to shareholders prior to the General Meeting held on 24 March 2011, explaining why the Company wished to adopt the B Share scheme. It also provided information on what shareholders can do with the B Shares and it is available on the Company's website.

Where can I go for more information?

Information regarding the B Share scheme can be found in the booklet entitled "Your Guide to B Shares". Alternatively you can contact the Company's Registrar's helpline on 0871 664 0300 (calls cost 10p per minute plus network extras; lines are open 9.00am to 5.30pm, Monday to Friday), or +44 208639 3399 if calling from overseas.

B Shares apportionment values

PDF download

Your guide to B Shares

PDF download

Shareholder warning

Boiler room scams

Share fraud includes scams where investors are called out of the blue and offered shares that often turn out to be worthless or non-existent, or an inflated price for shares they own. These calls come from fraudsters operating in 'boiler rooms' that are mostly based abroad.

While high profits are promised, those who buy or sell shares in this way usually lose their money. The FCA has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200 million lost in the UK each year.

Protect yourself

If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or research reports, you should take these steps before handing over any money:

  • Get the name of the person and organisation contacting you.
  • Check the Financial Services Register at www.fca.org.uk/consumers/scams to ensure they are authorised.
  • Use the details on the Register to contact the firm.
  • Call the FCA Consumer Helpline on 0800 111 6768 if there are no contact details on the Register or you are told they are out of date.
  • Search our list of unauthorised firms and individuals to avoid doing business with.
  • REMEMBER if it sounds too good to be true, it probably is!

If you use an unauthorised firm to buy or sell shares or other investments, you will not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a scam

If you are approached about a share scam you should tell the FCA using the share fraud reporting form at www.fca.org.uk/consumers/scams, where you can find out about the latest investment scams. You can also call the Consumer Helpline on 0800 111 6768.

If you have already paid money to share fraudsters you should contact Action Fraud on 0300 123 2040

Other useful information

Company's registered office

McBride Plc
Middleton Way
Middleton
Manchester
M24 4DP
Company Number: 02798634

0161 653 9037

Registrars

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU
United Kingdom

0871 664 0300*

shareholderenquiries@link.co.uk

www.linkassetservices.com/

*(calls cost 10p per minute plus network extras; lines are open 9.00am to 5.30pm, Monday to Friday), or +44 208639 3399 if calling from overseas.

Financial advisors and brokers

Investec
30 Gresham Street
London
EC2V 7QP

Financial public relations advisers

FTI Consulting LLP
200 Aldersgate
London
EC1A 4HD

Auditors

PricewaterhouseCoopers LLP
No 1
1 Hardman Street
Manchester
M3 3EB

Principal bankers

HSBC Bank plc
4 Hardman Square
Spinningfields
Manchester
M3 3EB

BayernLB
Moor House
120 London Wall
London
EC2Y 5ET

KBC Bank N.V.
5th Floor
111 Old Broad Street
London
EC2N 1BR

BNP Paribas
10 Harewood Avenue
London
NW1 6AA

Barclays Bank
Corporate Banking
North West Key Clients
1st Floor
3 Hardman Street
Manchester
M3 3HF