Share value questioned after merger

A Fin24 user wants to know if the Sub Nigel shares he owns still have any value after the company was sold and the new holding company then entered into a merger. He writes:

I have Sub Nigel Shares but the company got sold to Gold One and then they merged with another company.

Any value left in the shares?

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Pierre Kruger, group company secretary of Gold One International, responds:

Sub Nigel changed its name to Aflease Gold in January 2006, which was then acquired by Gold One International [JSE:GDO] in May 2009.

In 2011 a Chinese consortium acquired 89% of the shares in Gold One and in January 2014 it acquired all the shares by way of a compulsory acquisition.

You can surrender your Sub Nigel shares to Computershare together with the relevant payment notification and will receive A$0.30 converted at A$1:R9.5510 per share.

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