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I recently bought hgm shares not knowing about takeover. I see I have got till 19/11/20 to get take over offer but I can’t find any info on how to do this. Can anyone help please?
"Highland Gold announced on 21 October 2020 that the board of Highland Gold had informed the London Stock Exchange that it wished to cancel the admission to trading of Highland Gold Shares on AIM (the "Cancellation"). The Cancellation is to take effect at 7.00 a.m. on 19 November 2020."
LordWales,
You have almost no time left to act, to accept the 300p per share offer. Your best bet is to sell them via your broker before the market closes at 4:30pm today. You will probably get a lower price than that, but you will not be able to sell them on the LSE tomorrow.
Hello Kenj.
Managed to speak to company handling sale and they sent me application form. Did have to wait for share certificate from my broker but sent them off hopefully in time to get £3.00.
Hi LordWales,
I hope that your application made it in time, as these shares are not tradeable on the market anymore. This board has been dead for a while as most investors had either sold out or accepted the offer, which is why I guess your post went unanswered for over a week. If you find yourself in a similar position in the future, full details of a company's offerings can usually be found on the company's website.
do you have the contact of that company please
Got application form and sent off to Computershare with share certificate after being told would be accepted ‘a few days late. I rang them on 07/12/2020 and was told they could not locate but I would be contacted when found. I have received email today they cannot find application.
Does anyone know what I can do now?
LordWales,
I have never been in this position, but as far as I know, you will need the company to buy them back from you, as there is no market trading HGM shares anymore. I would not expect you will be offered the 300p buy out price though.
Google "how do you sell privately listed shares" as a start. Good luck.
Just re-read you post LordWales.
You will have problems selling these shares to anyone, if you no longer have the share certificates. I hope you sent them registered and signed for delivery. There are different insurance levels depending on which postage method you selected. If you simply popped them in an envelope with a first class stamp, then the Post Office will take no responsibility at all.
Hopefully they are just delayed in the Christmas rush.