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Anyone hold then in their SIPP account?
Looks like what I hold in SIPP via interactive investor will be just write off for me!!!
I need some help on this please....
I thought they would offer 1.50£, so I could sell in SIPP itself
Ta G
CTSFO... Read my post outlining the Halifax position. I'd hardly say selling via the MBF will be easy in that situation. I and all other Halifax customers (alongside all the other brokers taking the same stance as Halifax) are going to have to wait for their shares to be transferred from their ISA then into standard trading accounts with their current broker.
Then we are going to have to find a new broker willing to engage in the MBF process and transfer holdings across to them before then seeing what the MBF will offer for stock. This is far from easy. Hopefully IF the MBF materialises then information on the jenkins website will include a list of brokers that will be participating in the MBF process, otherwise just finding a broker to transfer ones existing holding is going to be a time consuming ball ache.
It depends how your ISA provider interprets the rules. Some are applying a 30 day grace period, others are moving shares out of ISAs and into normal dealing accounts. X-O have moved mine already. The shares are still CREST applicable, so selling via the MBF will be relatively straightforward.
Thanks for sharing CTSFO. For others like me who invested through an ISA, I’m not convinced for that to even be an option. I'll have to check in with my broker. I hope once they move the shares to my
Standard trading account I’ll have an option to sell if and when the time comes.
Evening. Bit of a discussion going on on the telegram group. To add to the thought process about selling via MBF. Significant funding is provisionally planned for February from the ME super investor. It might be worth waiting for this before selling shares? Each to their own obviously. Just it’s possible postponing selling for a month might be beneficial?
Received this info from Halifax:
Proposed Cancellation of Listing on the Alternative Investment Market (AIM).
Important Information & Other Key Dates:
Tintra Plc (Tintra) is proposing to cancel the admission to trading of its Ordinary shares on the AIM.
The Cancellation received shareholder approval at the General Meeting of the Company held on 4th January 2024 and is expected to become effective on 8th January 2024.
The Tintra shares were suspended from trading on the AIM on 6th December 2023, therefore you are no longer able to trade in your Tintra shares.
The Directors intend to create and maintain a matched bargain settlement facility via J P Jenkins. The intention is to set the price at 150p pence per Ordinary share, there is no guarantee that there will be a buyer at this price. Once the matched bargain facility has been arranged, further details will be made available to shareholders on the Company's website at www.jpjenkins.com.
Regrettably, we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's facility following the delisting, please refer to the Tintra website or contact Tintra for further information on the process.
Please be aware that you may be required to transfer your shares to a Broker that participates in Matched Bargain facilities.
If the Cancellation becomes effective, the Tintra shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your Tintra shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
Should you retain your holding of Tintra, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit the Tintra website, www.tintra.com
I have emailed HL to ask how they are going to deal with shares within my ISA and how I could sell them post offer (via a new normal trading account presumeably). I will update when/if they reply.
Just spoke to jarvis,they said they have 30 days from cancellation to move my shares to a trading account, from an isa.so I asked can I keep them in my isa until the offer on the 9th,then sell and keep the money in the isa,he's looking in to it.GL.
THis is what Interactive Investor says!!!
SIPP and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from
these products. Consequently, holders may wish to liquidate any holdings prior to a delisting becoming effective.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered an ISA-qualifying investment.
Therefore, we will arrange to move your Tintra plc shares to a linked trading account, opening one on your behalf if
you do not already have one. If that is not possible, we may attempt to withdraw the shares into certificated form,
reregistering them into your own name. Certificates received in respect of ISA accounts will no longer be held within
the tax efficient wrapper, so will lose any tax benefits
Hello All,
Any one got ISA or SIPP account with Interactive Investor, holding TNT?
Just want to know what you all doing with the holding... Lots riding on it, wants to know what others are doing.
Thanks G
I had them in a jarvis isa account, had to open a nominee account today.
Aren't they already in a nominee account operated by jarvis then or do you have your own share certificates? I thought all holdings with the big brokers were held by them in their nominee account and then each private investor essentially has a number of shares in the nominee account allocated to them as per their individual trading transactions?
Has anyone with a tnt holding with halifax had any communications with them regarding what happens to tnt shares held with them?
I'm yet to hear anything and nor are there any corporate actions flagged on my account. Going to give them a call in the morning to see what the hell is happening or needs to happen to get them sold via the matched bargain facility if it happens.
The lack of detailed comms on this from broker and tnt is pants.
Sorry no,it's an isa.
Onemoretime is that in relation to tintra shares held in a sipp?
I have had an email off jarvis,I have until close of play tomorrow, to put them in nominee account,move to another broker,or share gift them.
I am still struggling to understand what happens to my holdings in ISA& SIPP in interactive investor account. I hope I will get chance to sell them to get my cash in those accounts?
The CLN was the stupidest decision ever… or part of a plan to crash the sp? It’s clear people have wanted to take this company private for a long time. How better to do that than with a crashed sp?
It's the only option as an unlisted company - but the previous RNS said it was hoped to be from 9th January - obviously we shall see on that one - I'm sure chat on here will tell all as and when!
‘Further details of the proposed Matched Bargain Facility will be provided via the Company's website in due course.’ great now I gotta stalk their glorious website.
I think RS defence it is quite obvious that he is the monkey, not the organ grinder.
Private,or listed.This company is fecked with shearer in charge.The cln was the work of a fecking idiot.How can this go so wrong,if it was not suspended,it would probably be under 10p. SHOCKING SHEARER ABSOLUTELY SHOCKING.
The problem is they cannot move from SIPP to normal account as there are tax implications.
From isa to normal account could be easier...
I am with interactive investor
I’m in the same boat as makemoremoney. When CINE (held in my isa) went bankrupt, my provider moved the little 1p into the investment account automatically - with just a corporate action of notification message. I really hope they don’t shift TNT at this measly share price. That’s my biggest fear!
My TNT holding is in a Halifax ISA, when I opened the Halifax share dealing account they created both an ISA trading account and a standard non ISA one. I'm assuming given info in this thread that Halifax will have to move my TNT shares out of the ISA account and into my non ISA one.
Question is how is that done when shares are suspended, is it a simple administrative thing done by Halifax in this case rather than a situation where the shares have to be sold from the isa and rebought to sit in the non isa bit?
Halifax have yet to send any info on corporate actions etc relating to my tnt holding. Guessing they're waiting to see what happens next week.
Like others I want to take the £1.50 offer and then run for the hills...