The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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PS: Although it looks complex, and it is in the background, it’ll make no difference to your dealing on Aim or Euronext unless the masses vote against it - which they won’t.
Thanks zephra, so it looks like there could be a CDI option for brokers using CREST to continue to be custodians of shares cleared through the new system. Whether they want to, I presume will depend on the brokers themselves.
Glad to be of service.
Good write up from flutter (paddy power).com
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.flutter.com/sites/paddy-power-betfair/files/csd-migration/5-csd-migration-qanda.pdf&ved=2ahUKEwj19J6upL_uAhUlUBUIHU14BHcQFjACegQIFBAB&usg=AOvVaw0Xw-Th9uaOPPq9jpVZwXP1
My broker is online only and has sh1yte email support. If I could easily ask the question of them, I would. I thought that maybe someone here could answer the question or, you know, even have first hand experience of the same situation. But no, instead I get some pedantic twat bellyaching about why I asked the question.
This a fair point but for some folk figuring out how legislation relates to the practical operation of their accounts when shares and accounts could be in different jurisdictions ... suggests they just ask their broker. But that's too simple so they just turn into total knobs.
Seems like the most useful answer is to contact the party who would actually know.
Very useful. Anyone *know* the answer?
Your broker should be able to tell you. I expect it should be transparent to you.
Anyone know the implications of the Migration Act for an Irish citizen holding Providence shares on Euronext Dublin via a UK brokerage?
Thanks for the explanation execore 18 much appreciated
If the Migration Resolutions are not passed and the Company is therefore unable to participate in the Migration, all Shares in the Company which are currently held in uncertificated (i.e. dematerialised) form through the CREST System will be required to be re-materialised into certificated (i.e. paper) form and Shareholders and other investors will no longer be able to settle trades in the Shares electronically.
The Company believes that, in the absence of an alternative electronic settlement system, this would materially and adversely impact trading and liquidity in the Shares as it would result in significant delays for Shareholders and investors wishing to sell or acquire Shares. It would also put at risk the continued admission to trading and listing of the Shares on the London Stock Exchange and Euronext Dublin as the absence of electronic settlement of Shares would mean that the Company would cease to meet the eligibility criteria for admission to trading on the London
Stock Exchange and Euronext Dublin.