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That should read trade plan
Many thanks Mike, thats great to hear. I had a tradep lan also set up to purchase but now note its been deleted today on iweb as this was their last day of dealing the stock prior to delisting..
Hi Cranwell1,
Please rest assured and as per my earlier postings on a different link and PG's above yours, that you will CERTAINLY be able to keep your shares in Frankfurt in your ISA - certain brokers don't seem to be doing themselves any favours with this one, but as I hold mine and my wife's in ISA's, I've done lots of checks including on the relevant HMRC site too and all's good - hope this helps
Hi PG,
Many thanks for the clarity and Yes, using PG I won't get the first part of your name ***** by the Forum 'bot'!
Hi yes I’m presuming that as the Frankfurt exchange is a recognised exchange the shares will remain in my ISA. I think it was a generic response re the delisting of a company however I did head the msg Re: Tui Delisting. I spoke to them on the phone yesterday and they said they were still waiting to hear from Tui and that as soon as they had any info they would be in contact. He seemed pretty confident it would be pretty straightforward and did confirm they trade on the German exchange. Hope that helps
PG
hi baxxy,
many thanks for sharing - if you wouldn't mind, please read my previous post back to *****galore ref the isa, although the ai 'bot' will undoubtedly put in ***** to the first part - don't you love em!!
for ref, it's not contrary to hl, it's simply that i believe *****galore has simply asked one q about delisting in totality and rather than quoting that the shares will be moving to frankfurt - hope that helps
AJ Bell is the 24th May. Plus they say we can keep in ISA which is contrary to HL. Which one is true?
The delisting from the London Stock Exchange (LSE) was approved at the meeting held on 13 February 2024, and is expected to become effective on 24 June 2024.
Your shares are currently held as Depositary Interests (DIs) in the UK Settlement System, CREST. The company has announced that following the delisting, there will not be a facility in place for the Depositary Interest holders to continue to hold their shares within the CREST system and trade on the Frankfurt Stock Exchange.
As a result, if you continue to hold your shares as of market close on 24 May 2024, your holding will be automatically converted into ordinary shares to be held with our International Custodian, Clearstream. These shares will be traded on the MDAX segment of the Frankfurt Stock Exchange. Please note, the process of trading shares held in Clearstream is via Telephone dealing and will incur a GBP25.00 dealing charge per trade.
If you wish to sell your shares in the market instead, you may do so until market close on 24 May 2024. If you choose to retain your DIs and have not sold them by 24 May 2024, we will automatically convert them into the ordinary shares to be held with our International Custodian, Clearstream. You will not incur any charge for the conversion of the DIs into the ordinary shares.
Please note, AJ Bell will place a block on trading of TUI AG shares on the London Stock Exchange with effect from market close 24 May 2024.
From 28 May 2024, we will initiate the process of withdrawing your TUI AG Depositary Interests out of CREST and converting them into TUI AG ordinary shares to be deposited with our International Custodian, Clearstream. This will allow you to continue trading in your TUI shares on the Frankfurt Stock Exchange.
Therefore, you will not be able to trade your shares in TUI AG from 24 May 2024.
Please note, this is a lengthy process and the registrar, Link Group, has advised that this could take up to 2 weeks to complete. Therefore, by commencing the conversion process on 28 May 2024, it allows sufficient time for us to process the transfer of any remaining shares to Clearstream before the delisting becomes effective.
Trading in the ordinary shares will commence once we have received confirmation that the shares have settled within the Clearstream system. Further updates will be released once this has been completed. The Tui shares will continue to be eligible to be held in an ISA or SIPP following the transfer to the Frankfurt Stock Exchange.
Therefore, prior to the LSE delisting taking effect, you have the following options:
- You may sell your shares prior to market close 24 May 2024.
- You may retain your shares in your account and have them automatically converted into ordinary shares held in Clearstream and traded on the Frankfurt Stock Exchange.
Ah, I'd not considered the ISA complications, since I only have HL Fund & Share Account. I don't much like idea of paying extra ISA charges + fees to HL so I don't use ISA's, fees can accumulate considerably over many years! Whereas for Fund & Share account they just charge per trade.
Hiya,
By the way, I didn't apply the ***** - this forum did and just for clarity!
hi *****galore & whatismoney1,
many thanks for sharing, although i think hl may be confused by the q you sent them, or indeed they haven't fully understood.
so reading the response, hl is simply talking about a share being delisted 'full stop' from an exchange - what it doesn't cover is the fact that the shares will be transferred to the frankfurt stock exchange and xetra.
for clarity, frankfurt and xetra and both fully recognised by hmrc and as such, you definitely can keep your tui shares trading in frankfurt in your isa, as indeed i will be doing.
hope this helps and best regards
so reading *****galore's post leaves me totally confused. i have a large holding in tui and recently increased my isa holding with iweb... if hl are correct then we will not be able to hold the shares in the isa???please clarify if you know anything different.. thanks in advance.
Hi all,
Hope you're very well.
So a decent set of numbers today and just wanted to share some bits in case you're unaware:
1. So watch out on the 5th June for a comms stating that Tui will be admitted to the MDAX - clearly important for us, as the MDAX represents a new set of investors, eg trackers; ii's who invest in the MDAX etc etc and as a new market, will undoubtedly be good for our SP
2. As some others have commented this morning, I was little surprised at Tui simply re-stating their delisting date and nothing else really - was expecting more detail for brokers to be honest, but looks like they have been liaising with the brokers 'behind the scenes' and as such, believe that relevant comms will come our way in the coming days - I'm also with HL, so expecting comms accordingly - that said, I do know that they trade all over the world and pretty much through their own platform and as such, think that HL will be likely to be one of the few possibly trading our shares in the UK right up to termination date on the 21st June 2024 - guess we'll see eh
3. The final thing for me today, is that for the 3rd set of results on the 'bounce', we've exceeded consensus forecasts - whilst I've only been an investor since last April 2023, looking back on their record vs forecasts, they've had a pretty dismal record and it looks like the BOD have learned their lesson and 'exceeding' at each results presentation, which of course has the benefit of getting a positive reputation with ii's; mm's and us mortals for delivering accordingly. It's undoubtedly why they didn't increase their end of year outlook and yet looking at the results to date, they are clearly ahead of where they need to be to deliver these - will be interesting to see any upgrades in outlook at Q3 results in August.
So all in all a positive day and hoping to see some positive analyst commentary accordingly
Finally and if posters don't mind - several posters have been very kind in publishing their brokers details ref the delisting etc and I'm especially interested in key dates for selling if aplicable - so many thanks to Halifax investors for sharing that they have until end of today to sell if they'd like or their shares will be 'locked' until transfer to Frankfurt occurs - I seem to remember a poster stating the 26th May for their broker to sell? Would you mind sharing if you have details and especially any selling dates - simply interested to know, as I'm sure others would be too and many thanks
GLA
@whatismoney1 this is the info I received today from HL regarding delisted shares
If shares are delisted from the market you're able to retain the shares in your HL Fund & Share Account or HL SIPP with no penalties or charges.
However, delisted stock can't be held in an ISA because HMRC regulation states that for a stock to be eligible to be held within an ISA, it must be listed on a recognised exchange.
You're able to instruct for the delisted stock to be transferred from your Stocks & Shares ISA to a Fund & Share Account if you wish and can do so by sending us a secure message.
When a stock is de-listed and subsequently removed from your Stocks & Shares ISA you will lose this portion of your ISA allowance, regardless of when the contribution was made. You won't be able to subscribe cash in lieu of the shares.
If you'd like the shares removed from your account, you can gift the shares to charity via the HL Foundation.
Should you wish to do this, you can do so by sending a secure message with your instruction.
This message must include a gifting instruction as well as the full title of the shares, number of shares you seek to gift, and which account the shares are held within. Should this be stock held in your HL Stocks & Shares ISA, you'll also need to confirm you will lose ISA status on the value of the stock you wish to gift.
It's not possible to donate stock from either an HL SIPP or an HL SIPP Drawdown account to charity.
There's no charge for gifting shares or money to the HL Foundation, and if a withdrawal or charity donation would leave less than £50 in an account, automatic account closure will be triggered.
I'm holding Tui in Euros on the Frankfurt Exchange and I'm with Barclays.
There is a fx charge to buy or sell but I'm confident this will rerate upwards once the switch is done, so I'm aware of the costs and am expecting these to be comfortably surpassed by the growth.
Planning on holding for a few years.
I'm with Hargreaves Lansdown and although I don't currently have any TUI holdings my understanding is for those on HL platform the transfer will be pretty much seamless because HL permits trading in a huge swathe of equities globally. So if I had a TUI stake I'd not be fretting about it.
How are these platforms so bad?!? I’m with Interactive Investor and I think I got first communication a few days after the confirmation of the vote to move. Presented with my options over a month ago. Sent action instructions the other week.
I’d suggest leaving some of these platforms if you’ve had a bad experience.
Well I hope everyone took advantage of the dip.
I have a large holding in TUI through Hargreaves Lansdown which I wish to keep post the move to Frankfurt. I have been in touch with HL on more than one occasion but I can't get any information - they keep telling me they are 'in negotiations with TUI and will let me know soonest'. I contrast this with other platforms - like A J Bell and Halifax who are working hard to keep their clients informed. HL must have hundreds of clients with Tui shares - has anyone out there managed to find out anything yet ???
Hi Trisor I’m with Barclays also will that mean it is done over the phone once it’s trading in euros ? Trying to get information from Barclays is like pulling teeth.
Thank you
Does this mean German tracker funds need to buy and UK needs to sell?
Because, that should mean net buying. Depending on weighting!!!
All about the still huge debts, same goes with IAG, Carnival etc - another 5 years to offload those debts
I’m on Barclays smartinvestor . Will we be able to trade these share in euros
Yes check the presentation. It lists on june 24 on mdx and is binned in the uk
Slide 15 of presentation
www.tuigroup.com/damfiles/default/tuigroup-15/en/investors/6_Reports-and-presentations/Presentations/2024/FY24-H1-Results-Presentation_Website.pdf-f9ce0d2db0283469efe842b42d3e913b.pdf
Was anything said regards the move to Frankfurt of our shares?
Sell and put into filtronic
Space x bought 10. That will go to 250
Tui you will waiting for years for a recovery then a watering down (again).. cut the losses and move on... i lost 120k on this turd