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I think most of us would like a rely to that question. I definitely will need guidance.
I got the same
I guess they will do this automatically
HL have replied, as most, in a very generic way, as follows:
What action do I need to take?
If you wish to sell your holding before the proposed listing cancellation you must do so before the end of the day on 8 January 2024. The trade will be placed in accordance with our terms and conditions and subject to our standard commission rates. You can sell these shares online at www.hl.co.uk. Please note that although Hargreaves Lansdown will endeavor to sell your shares it may not be possible to sell all, or even any, of your shares if a market for the shares no longer exists.
If you wish to maintain your holding you need take no action. You should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price.
Important information for holders of Tintra plc shares within a Stocks & Shares ISA
Please note, under HMRC rules delisted shares are not eligible to be held within a Stocks & Shares ISA. As a result any holding of Tintra plc shares within a Stocks & Shares ISA will need to be removed within 30 days of the effective date of the delisting.
I know this is far fetched, but suppose the brave keep hold of some TNT holdings for the future and let’s say the company relists itself in the Middle East as mentioned in a previous RNS. How would this impact a UK tax payer and would it be possible to then withdraw the money without complications if listed there? I hope someone could shed some light in this dark tunnel lol
Anyone have any insight on how to join the telegram channel? Thanks
Total novice with shares really I’ve got money in this share in Halifax share dealing . What happens now ? Would appreciate advice from experienced share dealers .
Thanks in advance.
Thanks for the ride , enjoyed the last 10 years ,and made some profit along the journey. Will watch the new game with interest. Good wishes to the old school players Roger,Phil,Kath ,and Andrew enjoyed the few times we met.
Signing out GLA
For anyone interested in the update issued by Fidelity -
UPDATE 08/12/2023
Further to the previous announcement. The timetable has since been updated and the cancellation of admission to trading on AIM is due to take effect from 7.00am on 8 January 2024.
Tintra PLC has announced a proposed cancellation of trading on AIM, and re-registration as a private company subject to shareholder approval at a General Meeting due to be held on 4 January 2024.
The cancellation is due to become effective from 8am on 15 January 2024.
Following the re-registration of the company as a private company, it will change Its name to Tintra Limited. Further information on the delisting can be found in the Notice of General Meeting.
If you have a regular savings or phased investment plan into Tintra PLC, your payments will be held in your account as cash, so you may want to think about a different investment choice for them. Any withdrawal plan payments will come from the cash in your account, and if there isn’t enough cash available, we will need to sell other investments for you.
Please note that under Stocks and Shares ISA regulations, assets that are not listed on a recognised exchange are deemed to be non-qualifying assets and are therefore not eligible to be held in an ISA. Therefore, if the cancellation is approved at the General Meeting, we will transfer your Actual Experience plc shares to an investment account in your name. If you do not already have an investment account, we will create one and transfer your shares to this new investment account. Please note that that transfer of shares will count as a withdrawal from you ISA and this will have no effect on your subscription allowance for the current financial year. The shares also cannot be transferred back into your ISA at a later date.
I'm awaiting a follow on.
Regarding the Sipp my understanding if am right the share will be held in the Sipp as a holding account and if it does relist again in a few years the shares would be active on the platform once again that’s if it does relist .
Paitech - I hold shares in my SIPP. This is what AJ Bell are saying...
"SIPP holders should note that unlisted shares are not SIPP eligible. Unlisted shares will be displayed within your portfolio at cost and will not be revalued except where this is required in relation to their holding within a registered pension scheme, i.e. at benefit crystallisation events, reviews and pension transfers (subject to change). In these circumstances, it may prove difficult to value the unlisted shares and, should this be the case, we reserve the right to commission a valuation and charge your SIPP for it."
So it looks a simmilar situation to an ISA when it comes to disposal.
How do I join the telegram group,thanks.
Thanks for the list - good to see Interactive Investor are on as sell only - as to when to sell, as always a crystal ball would be good!
Hi MMM. Halifax certainly aren’t helpful here. JPJ recommend ShareDealingActive as a broker, and also provide the list attached. Transfer from an ISA to a trading account takes seconds, once the request is made. Only time will tell us how liquid this share will be on a secondary market. Hopefully it’s going to be different to the typical start up company.
https://jpjenkins.com/download/11095/?tmstv=1696346175
Anyone hold then in their SIPP account?
Looks like what I hold in SIPP via interactive investor will be just write off for me!!!
I need some help on this please....
I thought they would offer 1.50£, so I could sell in SIPP itself
Ta G
CTSFO... Read my post outlining the Halifax position. I'd hardly say selling via the MBF will be easy in that situation. I and all other Halifax customers (alongside all the other brokers taking the same stance as Halifax) are going to have to wait for their shares to be transferred from their ISA then into standard trading accounts with their current broker.
Then we are going to have to find a new broker willing to engage in the MBF process and transfer holdings across to them before then seeing what the MBF will offer for stock. This is far from easy. Hopefully IF the MBF materialises then information on the jenkins website will include a list of brokers that will be participating in the MBF process, otherwise just finding a broker to transfer ones existing holding is going to be a time consuming ball ache.
It depends how your ISA provider interprets the rules. Some are applying a 30 day grace period, others are moving shares out of ISAs and into normal dealing accounts. X-O have moved mine already. The shares are still CREST applicable, so selling via the MBF will be relatively straightforward.
Thanks for sharing CTSFO. For others like me who invested through an ISA, I’m not convinced for that to even be an option. I'll have to check in with my broker. I hope once they move the shares to my
Standard trading account I’ll have an option to sell if and when the time comes.
Evening. Bit of a discussion going on on the telegram group. To add to the thought process about selling via MBF. Significant funding is provisionally planned for February from the ME super investor. It might be worth waiting for this before selling shares? Each to their own obviously. Just it’s possible postponing selling for a month might be beneficial?
Received this info from Halifax:
Proposed Cancellation of Listing on the Alternative Investment Market (AIM).
Important Information & Other Key Dates:
Tintra Plc (Tintra) is proposing to cancel the admission to trading of its Ordinary shares on the AIM.
The Cancellation received shareholder approval at the General Meeting of the Company held on 4th January 2024 and is expected to become effective on 8th January 2024.
The Tintra shares were suspended from trading on the AIM on 6th December 2023, therefore you are no longer able to trade in your Tintra shares.
The Directors intend to create and maintain a matched bargain settlement facility via J P Jenkins. The intention is to set the price at 150p pence per Ordinary share, there is no guarantee that there will be a buyer at this price. Once the matched bargain facility has been arranged, further details will be made available to shareholders on the Company's website at www.jpjenkins.com.
Regrettably, we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's facility following the delisting, please refer to the Tintra website or contact Tintra for further information on the process.
Please be aware that you may be required to transfer your shares to a Broker that participates in Matched Bargain facilities.
If the Cancellation becomes effective, the Tintra shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your Tintra shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
Should you retain your holding of Tintra, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit the Tintra website, www.tintra.com
I have emailed HL to ask how they are going to deal with shares within my ISA and how I could sell them post offer (via a new normal trading account presumeably). I will update when/if they reply.
Just spoke to jarvis,they said they have 30 days from cancellation to move my shares to a trading account, from an isa.so I asked can I keep them in my isa until the offer on the 9th,then sell and keep the money in the isa,he's looking in to it.GL.
THis is what Interactive Investor says!!!
SIPP and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from
these products. Consequently, holders may wish to liquidate any holdings prior to a delisting becoming effective.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered an ISA-qualifying investment.
Therefore, we will arrange to move your Tintra plc shares to a linked trading account, opening one on your behalf if
you do not already have one. If that is not possible, we may attempt to withdraw the shares into certificated form,
reregistering them into your own name. Certificates received in respect of ISA accounts will no longer be held within
the tax efficient wrapper, so will lose any tax benefits
Hello All,
Any one got ISA or SIPP account with Interactive Investor, holding TNT?
Just want to know what you all doing with the holding... Lots riding on it, wants to know what others are doing.
Thanks G
I had them in a jarvis isa account, had to open a nominee account today.
Aren't they already in a nominee account operated by jarvis then or do you have your own share certificates? I thought all holdings with the big brokers were held by them in their nominee account and then each private investor essentially has a number of shares in the nominee account allocated to them as per their individual trading transactions?