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Guys I've got this in an HL isa, will some of it go I to a normal (non isa) trading account after the change and will that be the Loch Tay gold works? Thanks
Mr Highlander,
I phoned HL and set up a non-isa trading account over the phone, ready for the Erris Gold spin-off shares to go in to.
Process was very quick and I had to deposit just £1 to set it up.
Just give them a call and sure they have already dealt with plenty of others in the same situation.
Cheers
Doorstop: do you know what the transfer process is, if this goes ahead?
Not sure exactly Tiptree. Assume it will be automatic process by your broker.
Just make sure you have a non-isa or sipp trading account with your broker for the Erris Gold shares to go in to, as they will not be eligible for being held in isa or sipp
Thanks, I've still got a dormant trading account from when FRR went tits up so that should work
All the best
I'm sure someone will correct me if I'm wrong but my understanding is that your Erris Resources shares will be converted to Zinnwald Shares - effectively you own shares in the same company but it has now changed what it does.
The Eris Gold shares will not be publicly traded so you will receive notification / certificate by post with regards to this, as far as I am aware - it's a private limited company shareholding so couldn't be held in any account to be publicly traded.
Correct. Free erris gold. Love it. Mrk cap still very cheap.
Does anyone know what will happen to ERIS SP after the spin-off? Will it halve?
Doorstop,
Can you post the HL phone number you used. I can’t seem to find one for them. Looks like they ave hidden it from their website . My only option at the moment seems to be emailing them which is annoying...
L.
Lazygun - I spoke to HL earlier on this number: 01179 900 9000. A 15 min hold to get through, though.
Rajbury,
Thanks for this.
I’ll give them a call tomorrow
Rgds
L.
That’s the same number I got through on & also had a bit of wait... perhaps get a cup of tea at the ready!