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Anything going on?
How long until they relist after final submission?
Well fingers crossed but not counting my chickens just yet
Of things going forward ...maybe in the morning?
Congrats on the most liked post for a while!!
A1b2c3
Posts: 360
Price: 0.00
Strong Buy
Unpatriotic irishperson on AdvnToday 11:12
Get ready to close your shorts. Will be very expensive for you and your two sons. 998877 and marbur..
I agree with you A1, give us a decent open and reasons to hold. Doc talks about an exit for lth's, however with good leadership, and inspiration on how the company is going to grow, I may choose to stay invested. We will see.
Very different when they were laughing and gloating as the price was going down, and those who were long/investing were losing their shirts.
Oh well, I feel for them, I have lived with the thought of losing everything I had in this.
If it does start over 0.5, or higher, I will be very pleased, however for those short it's going to be a very expensive lesson to have learnt.
Was hoping their would be some news this morning...
When are we going to find out, that’s want I want to know.
Would be disappointed with anything below half a pence. Hoping for .5 - .8 on opening. Could be more. Yes prospectus will be very interesting.
Worth holding a few long term with massive growth potential. Will be doozy.
Sujood. This is being delisted so it can come back in main market as mentioned in RNS. It’s normal procedure for a RTO type situation. The company is fundamentally changing.
Unless I am mistaken this is what we have been waiting for, as now the process moves forward to trading under the new company on main market? That’s what It seems to me anyway. Anyone care to clarify because the transition seems to be moving forward which is a great sign?
Here's the message I got from HL :
What has happened?
The above Company’s shares have been cancelled from trading on the Alternative Investment Market (AIM) with effect from the close of business on 4 May 2021.
What options are available to me?
You will continue to hold your Nu-Oil and Gas plc Shares within your Fund & Share Account. However, you should note that following the cancellation you will have difficulty selling this investment.
Should you have any queries relating to the Delisting please contact us here.
Is it a waiting game ?
Billy
As this is being delisted but could always come back to life.
I understand this will be automatically moved to our fund and share account for those that already have one. If you do not with HL then you are to open one and you can do so with £1. Also to note HL have their own charity which you can gift it to if you so wish to do so.
All the best on all your other investments.
Crap happens dont worry, soldier on. Forwards and upwards great people.
Andy
From Hargreaves Lansdown 13th May. I already have a find & share account so nothing to do. Anyone should be able to open one easily
Nu-Oil and Gas plc: Delisting
Your holding of xxxx Shares within your Stocks & Shares ISA
What has happened?
The above Company’s shares have been cancelled from trading on the Alternative Investment Market (AIM) with effect from the close of business on 4 May 2021.
Important Information for ISA holders
Under HMRC rules, unlisted shares can’t be held in an ISA. If you hold these shares in an ISA, they must be removed from it.
You can transfer your shares into a Fund & Share Account and continue to hold it in your HL portfolio. If you already have an active Fund & Share Account, you don’t need to do anything – we’ll automatically transfer your holding shortly after Wednesday 2 June 2021. If you don’t currently have an active Fund & Share Account you can open one online at www.hl.co.uk or over the phone on 0117 900 9000.
If you don’t have an active Fund & Share Account open by Wednesday 2 June, we’ll place your shares into an inactive version, which you can then activate by following the same account opening procedure as above.
Should you have any queries relating to the Delisting please contact us here.
Yours sincerely
Jack Davey
Hi l disagree the amount should be £0.00027 not that it makes much difference. But when our new figures show £0.01 it really depends on how much you have in your ISA l don't think the small share price will effect your ISA unless you hold million of the old NUOG shares
This is what EQI had to say to my enquiry about shares and what would happen on relisting.
Good morning,
Thank you for your recent message.
Please note that once we have further information from the company, we will be in contact.
Which has replaced NUOG on Halifax (Lloyds), and I imagine, other platforms. Values and price set to zero.
That's a good question. The problem is the book cost will be the value today. I guess 0.03 would be accepted by HMRC. You'd have to ask. They have a forum.
I would like to be wrong on this, but unless there is a concession the actual price you paid when buying in your isa is unfortunately utterly irrelevant for cgt.
Thanks for that YingTong. I have a chunk of these in an ISA and I will be glad to get some of my money back but when you say to use the book cost for CGT do I need to do anything or just keep a record of the book cost for future purposes?
kmack, strictly they are not worthless. What they would be with no listing is simply very illiquid and difficult to transact. Obviously price discovery would be difficult.
From experience I can tell you HMRC are unlijelyvtk accept a negligible value claim.
If I had any in an ISA which gave now been booted out I epuld make my book cost for CGT purposes thw the suspension price.
It's a so and so. For CGT ckming out of yhe ISA you have no chargeable loss.
Hope all this gobbly gook makes sense to some one LOL
Under Action Outstanding >
Stock
NU-OIL AND GAS PLC ORD GBP0.000001
Event Type
De-Listing
Description
Delisting
Effective date: 5th May 2021
Market affected: Alternative Investment Market (AIM)
Nu-Oil & Gas plc has cancelled its listing of Ordinary shares from trading on AIM. This became effective on 5th May 2021 at 07:00am.
Please be informed that it is the intention of the board to re-admit the company?s shares to trading as a Standard Listing on the Main Market of the London Stock Exchange (LSE) upon completion of their proposed acquisition of Guardian Maritime Ltd and Guardian Barrier IP Ltd.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products.
Just had a message to visit my account with ii and go to the corporate action section this is what it says under the corporate action Type: Delisting. >
De-Listing
This is where a company withdraws its listing on an exchange. This may result in the company becoming a privately traded company or that your shares will be moved to an alternative market where trading is still supported.
In the events detail section >
CORPORATE ACTION NOTICE Important information about your stock
6 May 2021
A corporate action is taking place in relation to NU-OIL AND GAS PLC (stock code B29T960), which you currently hold in your portfolio.
What is happening?
Delisting
Effective date: 5th May 2021
Market affected: Alternative Investment Market (AIM)
Nu-Oil & Gas plc has cancelled its listing of Ordinary shares from trading on AIM. This became effective on 5th May 2021 at 07:00am.
Please be informed that it is the intention of the board to re-admit the company’s shares to trading as a Standard Listing on the Main Market of the London Stock Exchange (LSE) upon completion of their proposed acquisition of Guardian Maritime Ltd and Guardian Barrier IP Ltd.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products.
Special Notes
Limit Order: If you have placed a Limit Order or Stop Order in respect of a financial instrument that has been affected by a corporate action we may, but are not required to, cancel the pending order.
Book Costs: We cannot guarantee that book costs will be updated in line with rules for all jurisdictions. You are encouraged to review and adjust your book costs after the corporate action has taken place in accordance with your personal circumstances prior to making any investment decisions.
032TD01_RUN13115_TDW_GV_ONLY/000134/000134/SG601//i
Reinvestments: If you have elected for Dividend Reinvestments, your preferences may be lost as a result of a Corporate Action; if this occurs you will need to update your preferences in order to continue using the Dividend Reinvestment Service. You can do this Online or over the Telephone.
Further information
• This information is provided to assist you with this corporate action. It's compiled from sources we believe to be reliable. Further information may be available on the Company’s website and/or within the Official Documentation to assist you in making any investment decision.
• There may be tax consequences as a result of the corporate action. As we're unable to offer tax advice, you may wish to consult a suitably qualified adviser before making any investment decision.
• Market conditions may affect the value of any offer, therefore you may wish to consult a suitably qualified adviser before making any decision.
• Find out more ab
Wish they would bring back the thumbs down I think it is pretty one-sided to just have an approval thumbs up only.