RE: Delisted shares14 Nov 2018 10:32
This was my email from HL, my shares are currently sitting in my ISA with a nil value & huge cost, but my plan is to let them be moved into my Fund and Share account so they are ready to start trading, lodge some more money in my ISA if the shares seem to be doing well on relist (I haven't used any of my 20k allowance for 17/18 yet), buy back my shares into my ISA, and then sell my original shares in my F&S account. I could Bed and ISA them, but then I would lose the spread, and if all goes to plan I could make this way, rather than lose!
Important Information for ISA holders
Please note, as a result of the cancellation of the listing of Lionsgold Ltd Shares on AIM, the Company’s Shares no longer meet the eligibility criteria to be held within an ISA. ISA rules state that any Share listed on a ‘Recognised Stock Exchange’ as classified by HMRC are eligible. As the Shares are no longer listed on a ‘Recognised Stock Exchange’ they must be removed from your ISA and you have the following 2 options to consider:
Option 1 – Re-Register your holding into a Vantage Fund & Share Account. You may transfer the Shares into a Vantage Fund & Share Account free of charge. If you have an active Vantage Fund & Share Account open on Wednesday 12 December 2018 we will automatically transfer your Shares into that account. If you do not currently have an active Vantage Fund & Share Account open with us but wish to choose this option, you must ensure you have opened a Vantage Fund & Share Account before noon on Wednesday 12 December 2018. In most cases we are able to open a Vantage Fund & Share Account online or over the telephone on 0117 980 9950.
Option 2 – Re-Register your holding and receive a Share Certificate. You may re-register your Shares into your own name and have a certificate representing your holding sent to you. An administration fee of £25 will be charged for each certificate produced. You can give an instruction to receive a Share Certificate over the telephone on 0117 900 9000.
If we do not hear from you by noon on Wednesday 12 December 2018 your holding will be re-registered into your Vantage Fund and Share account. Alternatively, if you do not have an active Vantage Fund and Share Account your holding will be withdrawn into your own name and a Share Certificate sent to you. Please note that there is a charge of £25 for each certificate produced.