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no problem shabalava, dont know why they said that to begin with. i had an email confirming that the shares would be transfered out of the isa and held into a fund and share account then further comms would be sent on selling the shares via HSBC if cnel is sucessful in moving to HKex. all very straight forward in the email so gave me no reason to panic or sell up pre HKex move. all i would have to deal with is a charge of £250(ish) instead of my usual £12.50! but if you factor that in future % gains after listing it should be well covered. but if some who have a small holding and thinking £250 dealing charges is a bit excesses they have up to july 15th to sell their shares at whatever the price reaches up to then. for me a sp 12-13p sp price i wouldnt care about the dealing charges. the profit alone covers that.
but like you say, they said to you that it will be ok so all good i suppose.
all holders just 3 options:
sell pre delisting date of july 15th
sell on entry price 10-13p (soon find out next week what price will be)
or hold long term and carry on the journey through whatever broker who can hold your shares.... simples :)
Appreciate the response. I phoned them 15 mins and they at first described it wasn’t possible at first. Then I quoted your information above, I was then asked for my account and saw I had a fair few and then they described it wouldn’t be a problem! Thanks again.
going on their email then yes looks straight forward and can hold no prpblem. just need to phone them when your wanting to sell ypur holding and they'll do this with the costs listed below
Hi Scott so all good if you have a HL account, will they hold the certificate and then a phone trade is then made? Thanks in advance. Want to see this through..
fees of sale after HKex move if anyones with HL and interested in costs;
Telephone rates of commission 1% of the deal, with a minimum of £20 and a maximum of £50.
HSBC Custodian charge of £15 (stock on The Hong Kong Exchange have to be deposited to HSBC).
3rd party broker fee of 0.35%, minimum 2000 HKD (approximately £200).