Royal Mail share subscription excess should be refunded immediately

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Royal Mail share subscription excess should be refunded immediately

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Investors who subscribed for shares in Royal Mail plc have paid the government, in advance, the full amount necessary to cover their requested subscription.

Investors who were allocated fewer shares should have their excess payments refunded immediately, not two weeks later. This amounts to unwarranted taxation.

While the government holds investors money, investors are (a) unable to invest in other business to the detriment of the country and (b) losing return on investment.

This is completely unjustified, unfair and unnecessary.

We call on the government to return investors money immediately or to otherwise compensate investors for the opportunity costs of holding their money for this extended perion.

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