Questions for clever folk...17 Aug 2018 11:03
Looking to pick some brains here, if you don't mind:
1.
Have my AST shares through Hargreaves Lansdown, and I have set my 'upper selling price' at £0.04. If a takeover occurs at a lower price, what happens to my AST holding? Do I get shares in the company who buys AST or will they merely sell my shares at the T/O price?
2.
I have just under 3M shares, with HL, and (looking at Q 1 above) my £0.04 target is reached WITHOUT a T/O, are HL obliged to sell my shares at £0.04? It's just that on another holding previously I tried to sell a large number of shares and the HL platform wouldn't let me do it: - I ended up having to phone them and I didn't get the price as advertised on the HL site...
many thanks for your assistance :)