Member Info for gregson

This doesnt bode well for me either.............

Good evening all.

Wondering if someone can offer some advice.

I have posted on a previous thread but now have a bit more clarity on my situation. I had some DSSMITH shares which were held with Equiniti.

Since the takeover, i have yet to have anything official informing they have been exchnaged to international paper.

After phoning equiniti, they have told me that they have been transferred to international paper shares and are being held with a company called computershare.

I have phoned them and they have told me they are being held by their US department and that the shares are on the NYSE.

Does anyone have any advice on how best to proceed. I want to sell them but im now fearful of getting stung by US tax.

Who is responsible for these being transfered to international paper on the NYSE as opposed to the secondary listing on the London stock exchange.

Any help would be greeatly appreciated.

Are your shares the ones listed on NYSE?

I thought there was going to be a secondary listing on LSE?

I’ve found out now that my ones are on NYSE. Which opens a can of worms regarding selling them.

Hey, I own(ed) some shares in DS Smith with Equiniti but im not sure where i stand now. They are obviously not trading as DSSMITH now and have phoned Equiniti who were very vague with what the next steps are. They have said that i should have information on the new shares within 14 days but that leaves me a little confused with where i stand should the share price tank in the meantime? Any help would be much appreciated.

Thanks Mike.

So will my existing shares now be transferred over to IP? Do you know where I find the information on an exchange rate for what (example) 1000 smds shares equate to in IP?

I read somewhere that they will have a secondary listing on London stock exchange.

Does this mean that I don’t have to worry about trading on us stock exchange as I think there’s additional fees for that?

Apologies for all the questions, this is not necessarily my skill set.

Hi,

Can anyone clarify if the reason is suspended is due to it now being traded as IP?

Thanks Uncle Doug, hadn’t thought of the some of the points you made. Exactly the sort of differing opinion I was after when I posted originally.

Thank you for all your help and advice so far. For clarification I have no ‘emotional’ ties to DS Smith. I invested money in them, they split the shares, and then they went up again. This meant I could withdraw my initial investment and have been paid dividends from the remaining shares for the last 10 years. I understand about people’s opinion in diversifying my portfolio but investing in other companies is something that I have no desire to do currently as I have little to no experience in share dealing, or time for researching.

The shares have risen and fallen over the last 10 years but one thing that has remained consistent is the dividends. Therefore share price is currently irrelevant to a certain extent as I am happy just taking these payments twice a year and was more interested in peoples thoughts of this continuing?

Good morning. Just wondered if a few seasoned traders investors could give me some advice about the possible merger/takeover with Mondi.

I have a considerable holding in ds smith for the last 10 years which I got through a share save initiative when I was an employee there.

It has returned me dividends since owning them so the share price does not really concern me. However I was wondering on everyone’s opinions if the takeover/merger does come to fruition how it would affect the share price and dividends?

Any advice would be greatly appreciated.

Do you think its too late to get into this today? Does everyone expect a big sell off at the end of the day in advance of 27/07/23?