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Some interesting reading here:
https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers
This snippet suggests we should be able to hold vrna in ISA:
If the investor holds an American depositary shares or American depositary receipt that is traded on a US stock exchange the underlying investment is the shares represented by the American depositary shares or American depositary receipt. If these shares are officially listed on a recognised stock exchange, the American depositary shares or American depositary receipt will be a qualifying investment for stocks and shares ISA.
charles stanley direct said exactly the same
Morning,
I have just emailed IG after a google search suggested they were the best fro trading US shares. No live chat available, massive wait on the phone so emailed them. Hoping naively that they actually are best for trading in the US and just not a paid advert!
Will let you know response if, as, and when it arrives.
Not happy to wait for Halifax and cannot trade VRNA in any of my accounts with them, Share Dealer, Share Builder or my Shares Isa - so one assumes unless they have to do it over the phone it might not be possible.
Further to my last.
I've just opened a sharedealing account with Bank of Scotland as I don't feel it safe to hang around awaiting decisions from X-O.
My wife transferred shares in GWPH from X-O when they listed on NASDAQ to a Bank of Scotland account several years ago.
The GWPH shares were ADRs whereas VRP are talking about ADSs.
Could someone explain the difference - if there is one?!
That sounded a bit vague Thunderoad. Does that imply that they'll convert your holdings to ADS without any effort on your part?
I spoke to X-O (Jarvis I.M.) a little while ago and didn't get a clear answer.
They didn't seem to know anything about the VRP move and then said I should wait for a mail communication advising my options. This is going to eat into the 20 days.
I fail to understand why they couldn't say over the phone whether or not they could handle NASDAQ ADS.
I've been invested here for 11 years at an average price over £4.00. Just when this share looks ready to skyrocket and give me a chance to pull back some of my losses, they pull this stroke.
Not a happy bunny.
It won't be the first time I've been shat upon by an AIM listed company though.
Interesting Thunderroad,
I rang them this morning -the share centre explained the situation to them and was told by a rather disinterested dealer to wait for their corporate actions team to write to us.
Somewhat inconclusively!
I queried this with the Share Centre yesterday and this was their response. -
'Thank you for your call this morning,
I would like to confirm that we do trade on Nasdaq so despite Verona Pharma Plc ceasing trading on the alternative investment market (AIM), you will still be able to trade in our platform. Therefore, you may not receive notification from us concerning the de-list.'