THE removal of Power shares from the stock market means that about 1,000 small shareholders have effectively lost any money they invested in the company. Since the shares were suspended at 1 1/2p in October, 1995, the shareholders have been unable to sell their shares.
Power shares peaked at 215p in 1990. Company founder, Mr Robin Power, spent about £11 million buying shares in three rights issues, borrowing £8 million secured against the value of the shares. At the peak price his shareholding was worth £33 million. Today, that shareholding is worthless. His bankers have declined to comment on the current status of his loans.
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