Investor Warning - Potential Scam
It has come to our attention that one or a number of overseas firms have contacted certain individual shareholders of LiDCO Group Plc ("LiDCO") concerning a proposed offer for their shares which may be false. The shareholder may be told that this is in respect of a takeover bid. Requests are made to shareholders for them to provide certain personal information, shareholding proof, and/or send funds to an escrow account in order to proceed.
LiDCO believe that this contact may be an example of advance fee fraud and/or recovery room fraud. The Financial Services Authority ("FSA") has warned that it is increasingly common for shareholders to receive unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based brokers who target UK shareholders. Shareholders are advised to be very wary of any unsolicited advice, offers to transact in shares or offers of free reports into our Company.
Any firm soliciting investments from private individuals in the UK needs to be authorised by the FSA to carry out investment business. The FSA maintains a register of authorised firms on www.fsa.gov.uk/fsaregister.
If, after having checked the FSA website, you are in any doubt as to the action you should take or the legitimacy of any such offer or the request for information, LiDCO advises that you should immediately seek your own independent financial advice from your stockbroker, solicitor, accountant or other appropriate independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser. You may also contact, if you so wish, the FSA in the United Kingdom.