RE: Poolbeg Shares - AJ Bell21 Jul 2021 18:46
Grizzler123: This is the reason:
lease note that the Poolbeg shares will be in a lock-up period until 9 calendar months have passed from the date of admission to AIM. This means that you are not permitted to sell, transfer, or deal in the shares until the lock-up period is over. The Poolbeg shares are expected to be admitted to AIM on 19 July 2021. If the shares are admitted on 19 July 2021, then you can expect the lock-up period to last until 19 April 2022. Croft Nominees Limited will hold the shares during the lock-up period and then distribute the share certificates upon the completion of the lock-up period. Under the terms of the demerger, you will receive 1 new share in Poolbeg Pharma for every 2.98 Open Orphan shares held as of the record date, 17 June 2021.
Please be aware that you will not receive the shares in your account until the lock-up period has finished.