RE: Options?9 Jun 2023 08:43
Yana.
My advice is this. Consider your son’s particular circumstances. For instance, tax situation/liability, number of shares, goals for the investment, country of residence, where the shares are now and the brokers conditions, transactional costs, worry factor. They might be quite different to some you see advocated. Though there is much good info here, it can become less so, as details are not always given, so is less relevant to one’s particular case. There are a few permutations as you can probably read. You may find that as the intention of the company is to split, dispose of the Ru component (?) and then relist on the LSE (within a reasonable timeframe) that the inability to deal is of less importance (if finance access is not a big issue). I see big value changes on the horizon, and though some of these do contain a degree of risk, so do many of the options suggested. Having just emailed investor relations at Polymetal, I was told by them that A J Bell and Hargreaves Lansdown were two companies that they had talked to and that were willing to maintain tax wrapper status. I understand that others have been told differently by the companies themselves (what has HL told you?) so I’m a bit confused there myself. We will see as this may have changed in this fast moving situation). Good luck.
(Alikhan Bissengali Investor Relations, Thurs 08/06/23 06:24
"Hi ………., Thank you for your email.
We have heard, that AJ Bell and Hargreaves Lansdown allow shareholders to maintain their POLY holdings within ISA/SIPP accounts.)
Kind regards."
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