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Any idea when PMO shares will become HBR through HL?
Yeap same here.
HL finally sorted both shares and retail bonds out. I have not got cash yet for retail bond conversion, but they have allocated the creditor share top ups. Really surprised and pleased that creditor top up shares only cost 7.2p per share. Did anyone else apply for creditor top up shares and I would be interested in how many shares they were allocated.
I’m with HL. Shares seem to be sorted but no cash yet. Any idea what the amount would be?
I have applied for additional shares however these haven’t been allocated either. That’s as far as I can tell with HL!
If I am reading it correctly I have received about 70% of the top up shares I applied for. I have not received any confirmation but shares are in my account.
I am expecting cash of 60p per each £1 of nominal value of retail bonds.
Thanks Stevo.
That would be a great result on both the new share allocation and cash front.
I will be looking at my account again today no doubt every 5 mins for updates!
FWIW my calculation based on the last information provided by PMO was that we would receive 64.4p and 1.59 shares per £1 nominal of bonds.
The top up allocation is based on your (or maybe brokers) holding in October.
Thanks, I seem to have 1.9096 shares per £1 allocated.
I’m not sure if this includes my additional allocation.
That's very high, it could include your additional allocation.
The rate for the creditor shares is 1.58959 shares per £1 nominal, just got the message for eqi. The extra are the top up allocation.
Jenni
Does you 64.4p include accrued interest on retail bonds.
No, but it doesn't include the payment for the top up shares either. Accrued interest 1.96% 1.96p, Top up shares 0.32 per £1 at 8.3p so deduct 2.66p, expect cash of 63.7p per £1 nominal.
I’ve still heard nothing off HL.
My next assumption is that they have sold some of my creditor shares to pay for my additional shares.
Maybe this is why I have ended up with 1.9096 per £1?
Wasp, I've received 1.9096 per £1 in both my account with ii and eqi. It is made up of 1.59059 per £1 creditor shares and 0.314 per £1 additional shares.
Same for me but still waiting for cash element.
Also I do not seem to have paid for 0.314 additional shares
Strange, my numbers don’t match any of yours, but I’m with HL and they seem to always be last to get the final details of corporate actions.
Anyway, I received 1.795 shares per £1 nominal, with a cost that I haven’t actually gad to pay, yet. I also applied for about 1.575 additional shares at the option price.
It’s all as clear as mud what I’ve received in terms of exchange vs additional options, even less so what cash I should be expecting.
The additional shares will be paid for by a deduction from the cash element.
Yeah I expected that. Still totally unclear what’s coming from exchange and what’s from options purchase. Quite unimpressed with the comms.
No cash this morning, still waiting...
Has anyone had a date from their broker on when this will pay out?
I have been told that it will be early next week. But no clue as to the final total outcome!
I've received cash in Eqi, 61.6p per £1 nominal. This includes a deduction for additional shares.
Got mine in my HL account this morning, 80.6p per £1 nominal held, before deducting for options cost.
I’m still not clear on the split of new HBR shares between exchange and options. Can anyone confirm the options price? I can work out the allocation from that.
Tarrier,
I was charged 8.2749p for each of the additional shares. I think your 80.6p per £1 nominal is an error, I've received 61.6p per £1 in all my accounts.