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I have applied through ii in my ISA and so expect I will be told I cant hold the warrants in my ISA.
In previous cases where I have applied for shares from within my ISA (with warrants attached), I have had to move the warrants into my trading account from my ISA account.
All I do then at the time I want to, is apply for the shares and then transfer the shares into my ISA as part of my annual subscription. Simples (as they say in the annoying advert).
Can you really not hold the warrants in a Fidelity Investment account, alongside but outside your ISA? That would be the norm, although it looks like a problem.
I also wonder if/where the warrants will be listed, and whether tradeable?
Still worth subscribing anyway if only for the 22p shares, even if you have to waive the warrants, imo.
Help please
Does anyone out there understand this? apparently i am entitled to just under 10000 shares at 22p, but dont understand the bit about warrants
My qualifying shares are held in an ISA
I've cut and pasted the following from my Fidelity corporate action message-
You are entitled to by new shares at an issue price of £0.22 each
IMPORTANT: Please be advised under the terms of the event, 1 new unlisted warrant will be issued for every 1 new ordinary share subscribed for. This warrant will be exercisable at £0.285 for a period of 2 years from the grant date. These warrants are not qualifying investments to be held within an ISA or SIPP and not eligible to be held on the Fidelity platform, therefore please be advised there is a possibility that your election will not be actioned and will need to be reversed once further confirmation is received from the Company. Fidelity will only allow participation in this event if the rights to the warrants can be waived.
Help please
Does anyone out there understand this? apparently i am entitled to just under 22p, but dont understand the bit about warrants
My qualifying shares are held in an ISA
I've cut and pasted the following from my Fidelity corporate action message-
You are entitled to by new shares at an issue price of £0.22 each
IMPORTANT: Please be advised under the terms of the event, 1 new unlisted warrant will be issued for every 1 new ordinary share subscribed for. This warrant will be exercisable at £0.285 for a period of 2 years from the grant date. These warrants are not qualifying investments to be held within an ISA or SIPP and not eligible to be held on the Fidelity platform, therefore please be advised there is a possibility that your election will not be actioned and will need to be reversed once further confirmation is received from the Company. Fidelity will only allow participation in this event if the rights to the warrants can be waived.
Now available as a corporate action.
However: "Please note that any elections made will not be submitted to the Company until after our internal election deadline has passed. If the Broker Option is closed prior to our internal election deadline, we will not be able to submit your election."
Don't go moaning to Jim. He couldnt care less about whether you can or cant.
He'll politely tell you its someone elses problem.
Contacted Peterhouse who said "all HL have to do is contact us, which they haven't done" lol. Plenty of time for Twitter ... days to go yet
Probably too late for a social media campaign.
I don't know how platform/broker relationships work, but you'd think HL and Peterhouse between them could manage a limited one-off arrangement, so us PIs don't get frozen out here.
Not checked barclays yet. Had anyone else?
If anyone else is also interest in contacting Agronimics directly to highlight the effect it could have on their reputation
Be dissapointing if HL were seen to be acting in an unethical manner towards investors in an ethical animal investment fund
If anyone is also interested in launching Twitter and Facebook campaigns towards HL
Chris Hill is the CEO. HL tell me he'll see messages marked for him sent to enquiries@HL.co.uk.
I've been bombarding HL with calls and emails about this. Unlikely to make a difference, but imo it's important they understand ANIC PIs are being prejudiced by holding on their platform, whatever their reasons for not dealing with Peterhouse.
HL has just messaged me, following three messages to them since the announcement, and confirmed they do not have a relationship with the brokers, Peterhouse Capital Ltd.
I have responded accordingly and will now consider transferring to another share dealer.
Response from HL regarding Broker Option
Thank you for your interest in the recently announced Agronomics Fundraising.
On 11 May, the company announced their intention to raise a minimum of £50 million via a Placing and a Broker Option.
As the company decided to raise funds via a Placing, we are unable to act in a retail capacity. If you are a Qualifying Professional Investor, we were able to submit an order on your behalf, however books have now closed.
Unfortunately, we are unable to participate in the Broker Option as we do not have an existing business relationship with the bookrunner involved in the fundraising.
If you would like to buy shares in the secondary market, please visit the Shares section of our Website or contact our Stockbrokers on 0117 980 9800.
I hope this has been of assistance to you. If you have any further queries, please contact our Helpdesk on 0117 900 9000.
Kind Regards
First time poster - is the bit at the bottom of AJ Bell the vote to say you agree to the shares being available to purchase? I think there’s a vote at the AGM where that question is being posed. If you are opting to buy the 22p shares it would probably be a good idea to also vote for their release too. That’s my take on it but I am a brand new investor, someone with more experience may advise otherwise.
I assumed the bottom part was needed if there was a voting requirement which in this case there isnt. Did a vote one recently for Ramblers share consolidation agm item.
Yes, I've just responded to the ajbell offer process. reads that applications are open till 19th may.
Have just messaged Agronomics to query the confusion. Will get back to you when/if I hear something
Newbie investor here with HL. I just called them to ask about the Broker Option to which I was told that it wasn't open to PIs, only corporate clients. I then mentioned that AJ Bell and others seem to be offering to their clients, to which HL employee said he would raise that "new" info with the relevant team and come back to me. What an opportunity missed this would be
Thank you Rye, I have messaged them with my request and just left that bottom part alone. Cheers
Just got my offer via interactive investor. It says I must respond by the 21st of May which I already have, and the shares will be available on the 1st of June. However it’s not clear the deadline date for when the funds need to be in place. I think this might also be first of June but I need to doublecheck, anyone got any ideas tho?
Have messaged them concern also Flundra. I wouldn't be surprised if the size of the take up means pi's get a fraction of their requests but is not the point, as you point out
I would just ignore the bottom part. Normally for an open offer or the like that section allows you to allocate all or part of your entitlement.
As this is a broker option you need to reply to the secure message and put in that message how many you want.
Remember there is a chance that you might not get all you ask for due to only £2m being available so take that into account when composing your reply!