Shareholder FAQs
The Group consists of several regulated entities, including a number of law firms licenced and regulated the Solicitors Regulation Authority (the “SRA”). Under the Legal Services Act 2007, there are rules as to the holding of restricted interests in licenced law firms. In this context, a restricted interest is 10% or more of the shares of the licensed law firm or the ultimate parent company.
As a result, SRA consent is required should any persons who are non-authorised in the context of the Legal Services Act 2007 seek to acquire a shareholding of 10% or more in NAHL Group plc. It is a criminal offence for any non-authorised person to acquire a restricted interest without first notifying the SRA or to acquire a restricted interest having notified the SRA but before obtaining their consent. The SRA also has power to force the divestment of any shareholding which breaches this rule via the courts.
Other regulated entities include National Accident Helpline, which is regulated by the Financial Conduct Authority (FCA). Part XII of the Financial Services and Markets Act 2000 (FSMA), requires persons to seek approval before gaining (or in some circumstances increasing) control over an authorised firm. In this context, controllers are persons who hold a shareholding of 20% or more.
Any person seeking a shareholding of 20% or more in NAHL Group plc should therefore seek approval from the FCA via a section 178 Notice. It is a criminal offence if a person fails to both seek and obtain such approval before making the acquisition in question. The FCA also has the power to place restrictions on, or order the sale of, shares that have been obtained in breach of these rules.
Any investors intending to obtain a restricted interest holding in NAHL Group plc should contact investors@nahl.co.uk or 01536 527500 for more information or seek professional advice.
Regularly updated prices are on this website and are also available from the London Stock Exchange website.
If you have lost your share certificate, you should contact the Company’s Registrar, Link Asset Services Limited, as quickly as possible, quoting your shareholder reference number if you have it - this can be found on your share certificate or on the tax voucher accompanying your dividend. The Registrar keeps a record of shareholders names and addresses, and the number of shares they own.
Link Asset Service’s registered address is:
Link Asset Services Limited
+44 (0) 871 664 0300
The Registry,
34 Beckenham Road,
Beckenham,
Kent,
BR3 4TU
The Company has suspended the dividend until further notice.
On 3 February 2020, in light of market circumstance and in order to de-risk the Group, the Board decided to suspend the Company’s dividend until further notice.
Tel: +44 (0) 1536 527500
1430 Montagu Court,
Kettering Parkway,
Kettering,
Northamptonshire,
NN15 6XR
Allenby Capital Ltd, acts as the Company’s nominated adviser and broker.
Contact the Company’s Registrar, Link Asset Services Limited, as quickly as possible, quoting your shareholder reference number if you have it - this can be found on your share certificate or on the tax voucher accompanying your dividend. The Registrar keeps a record of shareholders names and addresses, and the number of shares they own.
Link’s registered address is:
Link Asset Services Limited
+44 (0) 871 664 0300
The Registry,
34 Beckenham Road,
Beckenham,
Kent,
BR3 4TU