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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 ???
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.
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.
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.
@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.
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
Hiya,
By the way, I didn't apply the ***** - this forum did and just for clarity!
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.
Cvajt2, Any chance you might share the Interactive Investor de-listing options that you mentioned on here? It may be informative to a few folk - including me :) Still trading of TUI shares on ii today.