I wonder if it could be a situation whereby a share purchase offer (or share swap) was offered, and was accepted by the required majority thereby making the offer unconditional, which means that anyone who didn't accept would be deemed to have accepted the offer nonetheless. This would mean that if one was entitled to shares or a price/value for shares, at the time the offer became unconditional, these terms will apply indefinitely until all those who are eligible are eventually satisfied. I hope this is clear enough, but I am not aware of the background to the TSB takeover, nor do I feel like looking up the relevant Companies Act references which cover the above at this early stage. Try the Irish Life investor relations website link.