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meant to add onto that......my shares is the isa have name changed to zinnwald, so that bit is ok.
just missing the erris shares ......
Morning,
I've contacted Lloyds about the erris shares, they have had no notifications yet. Has anyone had their erris shares appear?
Thanks Woolgie. That's saved me a job. The answer is annoying though!
My shares are in a SIPP with II and I contacted them about the Gold shares. They said they will remain in the SIPP as it would be illegal to move them outside that wrapper, even though they are unlisted. When they do become listed they will work as normal and still be inside the SIPP. I didn't enquire as to whether they can be sold off-market whilst unlisted but if they can the cash would stay in the SIPP. This is different to ISAs, where shares can be transferred out to a normal trading account.
If your erris resources shares are held by a broker, in effect in a nominee account, then the shares will go to your broker since it will be your brokers name on the share register. The broker should then record your beneficial interest agains your account, as an unlisted stock.
If you hold the shares directly in your name, then the share Certificates will be posted to the address on the share register associated with your name.
If your account is an ISA, then those shares will go to the ISA broker, and you will need to open a normal trading account with your broker so that they can record those shares for you in it.
Not sure about SIPPS though...
Rgds
L.
As these shares in Erris Gold are privately held - will they still be held in my broker account? Or are we posted this information?
Hi all, been a holder here since 4p - originally invested purely on the basis of the gold assets, so recent developments seem like a bonus I think).
My question is how do we receive or hold the Erris Gold shares? I have not received any information from by broker, and as I understand the new gold entity won't be listed.