"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, September 25, 2007

Northern Rock Share Action group formed by UKSA

The United Kingdom Shareholders Association have formed a Northern Rock Shareholders Action group.
Contact : Roger Lawson, Communications Director, UKSA, email: uksa@uksa.org.uk, telephone: 020-8467-2686, PO Box 62, Chislehurst, BR7 5YB.

Although none of the following is essential it would help to provide the following information: Name, Email address, Telephone number, Postal address, Number of shares held and whether held in a nominee account, in certificated form or personal crest form. Any such information will be held in confidence by UKSA and will be used to communicate with you to provide further information as it becomes available

They have issued 2 press releases one on the 19th September and one on the 24th September announcing the formation of the group which raises 5 Questions they feel the Board should answer.

Their website also reproduces the Company statement issued at 6.30pm today 2 hours after the news had leaked to the press about cancelling the divvy.

"In light of recent speculation the Company wishes to provide the market with an update.The Company has received a number of approaches regarding a variety of potential transactions, including the possibility of an offer being made for the Company although no price has been referred to.

The Company is in preliminary discussions with selected parties but emphasises that there can be no certainty as to the outcome of such discussions.The Board is also continuing to progress the evolution of its business model in the light of current market conditions.

The Board believes that it would not be appropriate to make any interim dividend payment until it can make a full announcement regarding the outcome of discussions with other parties and the development of the business model.

Accordingly the Board is cancelling ***the interim dividend per share of 14.2p announced on 25 July 2007 which was due for payment on 26 October 2007."

Cancelling ...not postponing.

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