The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I cannot find the group on Telegram either.
Really useful info OBNC. I too would be interested to join the Telegram group. Going by previous delisted shares I believe this forum will remain open but no doubt more chat on the Telegram group.
I have some of my shares with HL in a trading account, HL have advised me that they will be able to offer the MBF if and when it is offered. I also, like many here, hold some TNT shares in an ISA with Barclays Smart Investor together with Shares held with HSBC. Both of these companies will not be offering the MBF so I have started the ball rolling by completing transfer forms, to Transfer to Hargreaves Landsdown (HL) as they have assured me that they will allow the transfer to them, I completed the transfer forms before the end of December 2023 whilst TNT were still listed, not sure if that matters.
I have not yet seen anything regarding the MBF on Tintra’s website?
Will this forum remain open for us?
Does anyone know how we can join the Telegraph group forum, as it is very important, more so now, that we share information on what us happening.
My best to all holders
OBNC
As annoying and stressful as it is, I think we can only sit and wait for some sort of announcement on the Matches Bargaining Facility.
The company must know that many PI's are left with seemingly illiquid share holdings. So long as the MBF materialises I think those of us with shares in standard trading accounts should be ok and I'd expect either Tintra or JPJenkins, who they are working with to establish the MBF, to provide information to shareholders regarding process and next steps. If we have now news on things by end of January I'll be concerned but fingers crossed for much sooner than that
Just tried to set up account at HL as they trade with matched bargin facility. My current broker Halifax doesn't deal with them. But hey surprise 😮 HL Won't accept transfer of my shares...... as they are delisted. WTF Next? Answers on a postcard ....
I think most of us would like a rely to that question. I definitely will need guidance.
For anyone interested in the update issued by Fidelity -
UPDATE 08/12/2023
Further to the previous announcement. The timetable has since been updated and the cancellation of admission to trading on AIM is due to take effect from 7.00am on 8 January 2024.
Tintra PLC has announced a proposed cancellation of trading on AIM, and re-registration as a private company subject to shareholder approval at a General Meeting due to be held on 4 January 2024.
The cancellation is due to become effective from 8am on 15 January 2024.
Following the re-registration of the company as a private company, it will change Its name to Tintra Limited. Further information on the delisting can be found in the Notice of General Meeting.
If you have a regular savings or phased investment plan into Tintra PLC, your payments will be held in your account as cash, so you may want to think about a different investment choice for them. Any withdrawal plan payments will come from the cash in your account, and if there isn’t enough cash available, we will need to sell other investments for you.
Please note that under Stocks and Shares ISA regulations, assets that are not listed on a recognised exchange are deemed to be non-qualifying assets and are therefore not eligible to be held in an ISA. Therefore, if the cancellation is approved at the General Meeting, we will transfer your Actual Experience plc shares to an investment account in your name. If you do not already have an investment account, we will create one and transfer your shares to this new investment account. Please note that that transfer of shares will count as a withdrawal from you ISA and this will have no effect on your subscription allowance for the current financial year. The shares also cannot be transferred back into your ISA at a later date.
I'm awaiting a follow on.
Regarding the Sipp my understanding if am right the share will be held in the Sipp as a holding account and if it does relist again in a few years the shares would be active on the platform once again that’s if it does relist .
Paitech - I hold shares in my SIPP. This is what AJ Bell are saying...
"SIPP holders should note that unlisted shares are not SIPP eligible. Unlisted shares will be displayed within your portfolio at cost and will not be revalued except where this is required in relation to their holding within a registered pension scheme, i.e. at benefit crystallisation events, reviews and pension transfers (subject to change). In these circumstances, it may prove difficult to value the unlisted shares and, should this be the case, we reserve the right to commission a valuation and charge your SIPP for it."
So it looks a simmilar situation to an ISA when it comes to disposal.
How do I join the telegram group,thanks.
Thanks for the list - good to see Interactive Investor are on as sell only - as to when to sell, as always a crystal ball would be good!
Hi MMM. Halifax certainly aren’t helpful here. JPJ recommend ShareDealingActive as a broker, and also provide the list attached. Transfer from an ISA to a trading account takes seconds, once the request is made. Only time will tell us how liquid this share will be on a secondary market. Hopefully it’s going to be different to the typical start up company.
https://jpjenkins.com/download/11095/?tmstv=1696346175
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?