Shareholder Information
Securities and Shareholdings
National Milk Records plc has 21,239,702 issued ordinary shares of which 26.57% are in public hands (Being those shares not held by related parties or by persons who have an interest in 5% or more).
Major interests in Shares
On 14th December 2021 the following shareholders held an interest of 5% or more in the issued share capital of the company.
Shareholder
Shareholder | Shareholding | % of issued |
Aurora Nominees Ltd | 6,310,000 | 29.71% |
Livestock Improvement Corporation (UK) Ltd | 4,194,880 | 19.75% |
| PH Nominees Limited | 2,120,000 | 9.98% |
ROY Nominees Limited | 1,692,334 | 7.97% |
| Guernroy Limited | 1,279,680 | 6.02% |
Share options are outstanding over 300,000 ordinary shares of the company. Full exercise of all the options would result in a dilution of 1.4%
No other person has notified an interest in the ordinary shares of the company required to be disclosed in accordance with the Companies Act 2006.
Share Trading and DRIP
In 1997, during the de-regulation of milk supply and the breakup of the Milk Marketing Board (MMB), NMR plc was created with 27,000 shareholders who were all the active dairy farmers suppling the MMB at the time. Since then NMR has made significant progress to gain liquidity in its shares and to develop a proper trading environment.
- In 2003 NMR offered to re-purchase up to 250 shares at 30p per share in a share buyback scheme which was taken up by over 600 shareholders.
- From 28 December 2006 our shares were traded on the ISDX market which has subsequently became the NEX Exchange. Designed specifically for small and mid-cap entrepreneurial companies, the NEX Exchange provides access to a wide range of dynamic companies from many different sectors. Companies on NEX Exchange are not "listed" on the UKLA's Official List and are therefore considered by HMRC to be "unquoted" for most UK tax purposes. NEX Exchange shares can be included in tax advantaged savings structures, namely ISAs and Self Invested Pension Plans. Investors have access to the various tax benefits available to shareholders in private trading companies such as business property relief for inheritance tax. The ISDX market enjoys Growth Market Exemption of stamp duty and stamp duty reserve tax on transfers of securities. The exemption is pursuant to the Finance Bill 2014.
- In 2010 NMR completed a successful share consolidation process by which shareholdings below 320 were paid out at 28p which was the prevailing market price at the time. As a result NMR now has less than 7,000 shareholders and a liquid market in our shares.
- In June 2017 NMR completed a successful project to exit the Milk Pension Fund which is a multi-employer defined benefit pension scheme which is legacy of NMR’s roots in the Milk Marketing Board. This project involved the issue of new shares which approximately doubled the number of ordinary NMR shares in issue by means of a share subscription which enabled a number of corporate investors to become NMR shareholders
I would like to take the opportunity to remind shareholders of the Dividend Re-Investment Programme (DRIP) provided by Equiniti Financial Services Limited, which enables shareholders to buy new NMR shares with their dividend payments. This is a convenient and cost effective way to use your dividend payment to increase your shareholding in NMR. If you have not already joined the DRIP programme, more details and how to join can be found at www.shareview.co.uk/info/drip
If you want to buy shares in NMR all you will need to do to trade is to call your stockbroker.
All enquires on current share holdings should be addressed to our registrars who are Equiniti on 0371 384 2030. Lines are open 8.30am to 5.30pm (UK time), Monday to Friday, excluding English public holidays. Or you can visit the website www.shareview.co.uk.
ShareGift
Another option is to donate unwanted shares to ShareGift, the share donation charity (registered charity 1052686). ShareGift was set up in 1996 to provide a charitable solution for small holdings of shares that are uneconomic to sell. Shareholders in this position can transfer unwanted shares to ShareGift and obtain tax relief as a result. The charity then consolidates the shares into meaningful quantities, sells them when there are enough and uses the proceeds for charitable donations. Millions of pounds have already been distributed to over 1,000 different charities as a result.
If you wish to use this free service, please download a ShareGift Transfer Form from www.sharegift.org. You simply need to complete the number of shares you are donating, add your name and address, sign the form where indicated and return it, with your share certificate(s), to: Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA
In the event that you cannot locate your share certificate, shareholdings of less than £100 in value can still be transferred to ShareGift without incurring a lost certificate or administration fee. For transfers of shares of over £100 in value that are not accompanied with a share certificate, an application for a formal indemnity will need to be made to Equiniti. Such transfers will also incur a £10 administration fee.
For further information about donating unwanted shares for charitable purposes:
ShareGift: 020 7930 3737 www.sharegift.org
Share Trading - Frequently Asked Questions
Please contact Equiniti at the earliest opportunity and they will assist you with the documentation required. This may involve the small estates procedure or require a Grant of Probate and they will be able to make the process as straightforward as possible for you.
If you lose your share certificate, or it has been stolen, you should inform Equiniti immediately. You can do this by calling the NMR helpline on 0371 384 2030. A record of the lost share certificate will be made to prevent it being used and a letter of indemnity will be sent to you to sign. This is to protect NMR from the possible misuse of your certificate while it is not in your possession. A replacement share certificate will then be sent to you. There is a charge for this service, so we advise you to keep your share certificate in a safe and secure place.
Please contact Equiniti who can investigate the reason for non-receipt.
Yes, providing you have it endorsed by your bank or building society. Complete a Bank Mandate Form and return it to Equiniti.
Equiniti Ltd
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA
You will receive a tax voucher to your registered address
NMR dividend cheques may be cashed within one year of issue. After this time they need to be reissued. You can do this by returning the cheque to Equiniti. There may be a fee for replacing the cheque. To avoid this problem, you should consider having your dividend cheques paid directly to your bank or building society account.
You should notify Equiniti in writing of changes, which you can do by completing a Change of Address Form and return it to Equiniti. If you hold shares in joint names, the request to change the address must be signed by the first-named shareholder. You can determine this from your share certificate or tax voucher.
To ensure the details of your shareholding are correct on the register you should notify Equiniti in writing of any change to your name. You should also include a copy of your marriage certificate or change of name deed as evidence of your name change. If you need uncashed dividend cheques to be reissued in your new name, please also include them in your envelope.
You may at some point wish to transfer some or all of your shares to someone else (for example your partner or other member of your family). To do this, you will need to complete a Share Transfer Form, and return it to Equiniti.
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