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Jul 31, 1999

The disappeared

Unclaimed assets are on the UK's IR agenda

The total value of financial assets seeking their rightful owners can probably be reckoned in billions of pounds in the UK alone. They take the form of unclaimed lottery winnings, dormant bank and savings accounts, National Savings and, as far as shareholders are concerned, unpaid dividends and shares. Not many companies, however, seem to be doing much about tracing their disappeared shareholders. The issue is about to come under public scrutiny in the UK. Under the 1988 Companies Act there

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