Member Info for GPback

If an OOC settlement suddenly came on the table and trading began on NEX then IG would be crying. They can't have it both ways.

They save costs going to NEX. That's the only positive moving there. It did baffle me but it probably does allow them to stay suspended for much longer. I have a copy of the AIM rules but not NEX.

I think he means comes out of suspension on NEX.

Very odd I agree.

No problem.

One thing I did take from Liam's reply was TD are expecting CHL to "re-list" or as we know it "come out of suspension". Wonder how they know?

My previous post was in response to this email I sent: Dear Liam, Thank you for your confirmation that I can still hold CHL stock in my ISA and have the benefit from the tax efficient status when this becomes tradable on the NEX in the near future. However, I have just received a corporate update for my Churchill stock which contradicts the statement on tax status you made in your email to me, i.e. that I can continue to hold the stock in my ISA. Please confirm your position. Has this changed since you last wrote to me. Some companies have ISA products that can hold the suspended CHL shares and I would like to transfer my business and shares to them depending on your answer. Please advise me asap so that I can begin proceedings. Best regards Xxxxxxxxxxx

I got this from TD after I queried the corporate action: Dear xxxxxxxxx Thank you for your recent email regarding Churchill. I've had it confirmed that this notification was sent in error, the NEX is a recognised exchange and once the stock re-lists on the NEX we'll continue to hold it for ISA clients. We may have to withdraw it as a certificate if it leaves the NEX but we can continue to hold the suspended stock for you. I have asked that a revised notification be sent out, but this may not be sent until the stock re-lists next week. Kind regards, Liam Sullivan | Customer Services Team | TD Direct Investing

Maestro, correct TD trade NEX and they are still isable. I don't think they know what they are doing tbh. Important couple of weeks here.

TD sent out a corporate action today saying they would be sending out certificates and the stock would fall out of isa tax status. This was completely an error. I'd already had confirmation that they would remain in the tax envelope. They reconfirmed that today and were going to send an updated corporate action to all affected. I got concerned for a bit I might have a massive tax bill to pay!!

I've a significant holding SJ and am not prepared to let things lie that easily. This stock is important to me.

Superjim, I deliberately misspelled it. The moderators don't like when we use these kinds of words because they are usually directed at someone.

Last night I read the whole of our annulment case. We will win annulment. I'm not a sturpid person.

I'd be all over this at 2-5p. Hence why I want it to come out of suspension.

My delisting price was 0p lol. Not funny if you have a spread bet open. Are they saying 37p or thereabouts?

I'd be gutted if I lost ISA status due to the number of shares I have. Someone surely will transfer them into their ISA for you. Go down the NEX list.

I didn't ask that so I don't know sorry. Give them a call. Their platform is quite good.

No there was no transference for me as my stock is already in a TD ISA. They just said any trading (once out of suspension) can only be done over the phone at £40 a pop)

TDdirectinvesting can deal NEX stocks in an isa but only over the phone at 40gbp a trade!

Suspended still.