RE: Understanding Interactive Investor4 Mar 2024 11:36
Grey Monk sets it out well.
It is obvious the uncertainty on the board is causing convern but in reality is a switch to the dual listing. I decided to speak my HL Corporate Actions contact about it and have no concerns about the delisting..
HL cannot be clear as until TUI AG have determined the listing in Germany, HL cannot inform with certainty until TUI AG advise and HL CropActions team are in regular contact for details. Frustrating for some, but in reality a non event.
In the event,(0.00000000001% chance), of HL not being able to trade the share in Germany simply the holding will be transferred to their 3rd party HSBC and will be tradable although diffenent commissions will apply.
IMO this is not a cliff face that TUI investors face, just a bit of administative disruption. The risks and rewards of being a shareholder will be no different.
I fully expect HL and other reputable platforms to trade TUI the Germany listed stock.
HTH
Mx