Member Info for Neeeew

I’m not with HL but I have seen others say that have received certs.

Poly have not yet released the code yet, but you will receive it. Once you’ve got your certs you have nothing to worry about, you can register with Tabys in your own time.

YC99

Where the bloody hell have you been?!!

If you are with AJ bell or HL you can leave it with them in nominee account. You will still receive any dividends.

You cannot trade though as they do not support AIX, it will be a waiting game to see if they appear back on LSE with poly K.

If you are with any other broker L, then now may be too late to transfer out. No UK broker allows trading on the AIX.

Your safest bet would be to request the certs from your current broker, register with Tabys and wait for the code from Polymetal. You can then register with AIX broker directly should you wish to trade.

If your broker will hold in nominee them of course you can just do that. If not, I would request certs and register with Tabys. That way you will still receive dividends, able to transfer to AIX in your own time or even put that back on LSE if and when Poly K comes back to LSE.

Red

Having recently joined the telegram group I am so grateful for Ian and Simon. To navigate this situation would’ve been far far more stressful without their help and advice.

I can guess who this telegram poster is, his certainly not feeling love! 😜

Just chucked my certs. In the recycling bin. Thanks for the heads up BP

Hopeful

Both my partner and I hold shares which we’ve requested certs for. Once they arrive can we just register as one or does the name on cert matter?

In time would like to register with a AIX broker, with all the fuss it takes to get apostilled, Kazak sim etc. would be hell of a lot easier with just one account.

Request certs then register them with a AIX broker.

JAB

Do you remember how long it took to get your certs from Fidleity?

Not long now BB and this board will be closed. Many of us will wonder what ever happened to you, so please tell us which board you’ll be infesting I mean investing in next.

Jotom

You mention the possible cash offer for Poly R, where have you seen this information? Or is it a general thing that happens when there’s a split that you can keep a share or are offered a cash buy back?

I have waited to see how things pan out before I chose to take mine out of ISA. I have today requested certs. My reasons for doing so is as stated by Onbeyond.

I want the flexibility ti able to sell them even if it does trigger a tax bill. Also if and when the split takes place I’d hate to lose the POLY R, even if no fair value, something is better than nothing.

@jotom

I’ve shared my understanding of the situation. If I hear anything different will come back to post.

Reckless

100% agree with what you have said. I would also like to add that even if you choose to leave them with a UK broker in their nominee account, it is in certificated form as POLY itself will delist, therefore one can no longer claim the benefits of the tax wrapper.

To be able to continue having the tax wrapper would be brilliant and something I was really hoping for. But, to me at least it is clear that won’t be possible.

Thanks Reckless, hope it works out for you.

@jotom

I am more inclined to take what I heard from Dan earlier as I clarified the tax situation with him and the reasons why it falls out of tax wrapper.

Just to add, they could not give me a more accurate time frame for tansfers other than 6-8 weeks. So we may’ve been stuck anyway!

I agree, they should just move it to a normal account, save everyone getting confused. Unfortunately it is back to the drawing board for now. Let’s see how the vote goes.

Agent

I may just go tocerts. as it’s appearing impossible to keep this tax free!

I have just spoken to Dan at AJ Bell. Some important clarifications.

You can continue holding POLY in an ISA or SIPP, however once they delist they will hold in their nominee account in certificated form. This is crucial as this means you lose the tax wrapper for any dividends. Any dividends received will be by cheque directly to you and will be subject to tax.

He confirmed it is not possible for an ISA or SIPP to continue tax wrapper once delisted.

Pretty pointless to see it in your account under your ISA of no benefits.

I know many will disagree, I don’t have it writing as they said they can only provide this to customers who hold poly with them. I was only looking to transfer so do not have access to this.

I will call my current broker fidelity to see if they will reconsider.

Thanks

Who is your current broker Jotom?