ShARP OVERVIEW
The Altman Group’s ShARP service is employed by companies after mergers and/or acquisitions to tie up the loose ends that remain from the transaction. Whether these shareholders are confused, lost, deceased, lost their certificates, etc., the simple fact is that they have not responded to multiple mailing(s) by the transfer agent. Our experience is that these holders are not likely to come forward to claim their assets unless a pro–active campaign is undertaken to locate and assist them in doing so.
The Altman Group’s ShARP service is designed to locate, contact and assist those shareholders that remain unexchanged. Whether they need legal documents or just need to be hand held through the process of the exchange, we ensure that the shareholders are aware of the Program and all of the options available to them. ShARP is voluntary on the part of the shareholders, and we fully disclose the asset they are due, our fees for assisting them as well as the fact that they still retain their right to exchange for free via the transfer agent.
Hiring Altman for a ShARP program is a turnkey solution for the issuer and will require very little, if any, ongoing attention while the program is running. The Program will be managed internally at The Altman Group from start to finish, as we do not rely on outside third parties for any component of our program. The program will include a simplified one page LT mailing, an 800 number for phone calls, all processing and paying the participating shareholders, as well as ongoing reports detailing our progress. We typically generate response rates in excess of 75%.