Trading 212 Response on Cineworld Stock.31 Jul 2023 21:30
This Response is From Trading 212 about Cineworld Stock.
We are still expecting further information in regards to the outcome of the situation. There are three possible scenarios that may occur in case of a delisting;
- Closure of positions at the last tradable price or a delisting-specific price in the terms
- The security may move to another market and trade there. Usually, if that's the case, it tends to trade for a fraction of its former price.
- The shares are deemed worthless, and positions are closed at a price of 0 - the rarest situation, but it cannot be excluded.