Share scams are often run from ‘boiler rooms’ where fraudsters cold call investors offering them worthless, overpriced or even non-existent shares. While they promise high returns, those who invest usually end up losing their money.
You may also receive a call from someone offering to buy your shares in Bellway p.l.c., or other companies in which you are a shareholder, usually at a higher price than their market value. This might sound like a great deal, but will likely come with a request for money up front as a bond or other form of security, which the scammers say they will pay back if the sale does not go ahead. This is probably an advance fee scam – where you pay money but never hear from them again. Find out how the scams work and what to do to avoid becoming a victim by reading this FCA leaflet.
Suspect phone calls
A number of our shareholders have received unsolicited phone calls or correspondence offering to purchase their shares at apparently inflated prices. The correspondence claims that they represent a majority shareholder who is looking to take over Bellway. Please note that Bellway is not the subject of a take-over attempt, hostile or otherwise, and that approaches such as those currently being experienced by our shareholders are usually made by unauthorised companies and individuals. The approaches can be very persistent and extremely persuasive. We advise our shareholders to be very wary of any unsolicited advice, offers to buy shares at a premium or offers of free reports into the company.
If you have received any calls or have any queries, then please contact us at email@example.com or call us on 0191 2170717.