Member Info for CiderKing

Frequently Asked Questions

Why is the company proposing to relocate from Jersey to Kazakhstan?

As a result of the Russia-Ukraine conflict, Russia has imposed sanctions against companies operating in certain areas, including Jersey. This has caused difficulty for the company’s Russian operations, so they are looking to move to an area where they can avoid as many of these sanctions as possible.

Why does this mean the shares will be delisted from the LSE?

If the relocation to Kazakhstan takes place, the company will not meet the criteria to be listed on the LSE.

Can I transfer my holding to a different provider that can trade on the AIX?

You can transfer your holding to a provider that can trade on AIX. We’ll provide more information on this option if the proposal is approved.

Can I withdraw my holding into a share certificate?

We do not offer a certificated withdrawal service so are unable to send you a certificate for your shares.

Can I buy more Polymetal shares?

Due to the potential delisting, we are no longer accepting any further buy orders for Polymetal shares.

Would a delisting affect my ability to hold Polymetal shares in an ISA or SIPP?

The AIX is recognised by HMRC as a qualifying ISA market, so the shares will still remain eligible to be held in an ISA after the LSE delisting. The shares will also remain eligible to remain within a SIPP.

I don't understand how HL can say this as its been stated by other people and the company that the share won't be able to be sold or pay dividends after moving to AIX.

HL also stated:

We are aware of the recent announcement and are currently considering the options that we can provide for shareholders. We will be sending out communications as soon as possible that will outline the options and provide more detailed information.

Personally I think they are leaving it too late for shareholders to execute any solution they come up with.

Just-Another-Bot No worries

Echo1 can you sell your hl share and buy back in with ii then get certificates?

Faberfan open an account with ii and buy your shares there and sell your HL ones then get the ii shares put in to certificate form.

CleverThoughts - yes ii are allowing buying and selling up until June 30th I think and they are also allowing you to get paper certs.

Luderitz what email did you use to send them a message and will they be transferring electronic share or paper certificates or both?

Brass0 regarding wood & Co is it to hold shares electronically or in paper certificate? Also did they say what the charges would be?

I'm currently going down the paper certificate route with ii.

Has anyone got an update on whether freedom finance will allow uk citizens to register with them to get access to aix?

Investor6 - my plan is to buy what I hold in my HL account with new money once I've secured the shares in my interactive investor account I'm going to sell my HL shares.

I will then proceed to convert my shares in my ii account to paper certificate.

Hope that helps

@ Investor6 as far as I'm aware it's so you can upload them to the tabys app or freedom finance to carry on as normal only difference is its aix stock exchange not lse.

@ Echo1 no problem I'll let you know what they say hopefully they see sense. I'm quite tempted to open an account with II and sell them in my HL account then rebuy them in II.

Anyone with Interactive investor know if I can shut the account down once I have the share certificates?

Echo1

Exactly HL have be great up until now, the website/app is great and I don't call £45 for an isa bad either it's good value for money if you're not a regular trader. I hope they change their mind and see sense, I'm going to ring them again tomorrow and ask for an explanation as to why they are so reluctant to issue certificates if other providers are doing so for their clients.

BeetleBeaurocrat

Are you still able to buy polymetal share through II? I thought there might be an issue buying them once in sold the shares in my HL account.

Echo1

Thank you for the reply I do have a few more brokers I can try such as barclays, nationwide and possibly natwest but they're close for today so it's a job for tomorrow.

I really don't understand why HL are being such a pain after this fiasco I'm looking to more a new platform with better service.

Hi i'm looking for other options on how to get my shares from electronic to paper certificate please. I'm with HL and they said they don't do it and didn't state why.

I have rung around various brokers:

Interactive investor - unsure about me being able to transfer share then convert to certificates.

Lloyds - yes but unsure if the window will close before the process can be completed.

Fidelity - no they do not list this stock

Hsbc - yes and very helpful but said it will be a very tight window to open a bank account then open a Ln invest direct plus account.

I've started opening an account with HSBC but its a very slim chance I'll get the paper certificates completed.

Are there any other options please surely a broker can't just do nothing and force you to sell them?

Any help would be greatly appreciated.

Thank you, I'm with HL it's a big fat no from them.

Hi i'm looking for brokers which allow me to hold polymetal shares in certificated form, any help would be appreciated. Thanks

That's great thanks for the help. I'm hoping to skip moving to tabys and go straight to freedom finance if they allow uk citizens by 16/5/23

I don't don't understand how tabys is an option because when I tried to register it wouldn't let me unless I ticked I was a citizen of Kazakhstan which I'm not so I unpicked it and then it say only residents of Kazakhstan can use the app.

With the wood & co being an aix eligible broker will we be able to transfer the shares over from our current broker and keep them in an isa?

I'm hoping freedom finance EU let us open an account for UK residents to give us a second option but I think we will lose the isa wrapper.