Member Info for recklessferret

10. 30 am Can't get a sell quote for last 5 mins on iWeb or Jarvis- dummy Sell £4k not quoting. Any ideas why please?

And thank you also Raydio. Yes, a higher bid is possible I guess. I have spent so long hoping for the illusory "higher bid" to arrive in other circumstances that that was actually not in my mind, when maybe it should have been. Anyway, I am out at a profit, and moving on, but not on AIM I might say.

OK Unhooked, thanks for that. I will be watchig with interest- I really thought that this management would have the cojones to see this through, including the paper mill which has been overhanging the whole exercise. I see Gareth Jenkins comment via Sharecast-LSE news:-

"Combining with the Navigator Group brings together a highly complementary product offering. It will enable Accrol to benefit from the capabilities, scale, network and resources of Navigator, building on the strategic progress we have made to date."

Maybe, but it won't be Accrol Holdings of Roman Road Blackburn making the fundamental decisions in future will it? That will be down to Portugal. I like the Algarve, but I don't need the Portuguese to be choosing what is on offer to wipe my bum, etc. I was quite happy with the Lancastrians. And that from a Yorkshireman n'all.

Held for a few years and bought into the new management and board, who appeared down to earth and enthusiastic to re-build the co. (which to be fair they have done). Now this. Have they just got bored? I don't adopt the accusation of "weak management"- they have made tough and innovative decisions to date. Nowout of the blue- WTF? Have they realised they have got the future all wrong, just when the present seemed to be going right?

Very dissolutioned (again). At least I have an 11% profit on my sale this am- a change from HUR and Sirius. Roll on the British Stocks ISA, I can't wait to further boost my investments in UK Co through the LSE!

Also, genuine q. - I sold all my 23000 shares @ 38p, and I see the Ask is 39p. Can someone explain why a Buyer will pay 38p plus dealing charges for a share that will reward them with precisely 38p in a few weeks/months time? Or are they taking a punt that the Offer won't go through. OR will be increased (!!!???). Thanks for any observations on this.

Turning on Subtitles in Settings is helping a little

"The common theme of all assets permitted inside a stocks & shares ISA is that they must be either publicly traded on a stock or bond exchange" -see financial-expert.co.uk/what-investments-can-be-held-in-a-stocks-shares-isa/.

POLY stock will continue to be listed on AIX Astana exchange. AIX is recognised by HMRC for ISA purposes. End of.

Incidentally have made a formal complaint to iWeb/Lloyds banking as to their threat to sell off POLY stock from my ISA. They have so far been unable to identify their right to do so under my ISA Ts&Cs. They have an 8 week window to respond. Nothing so far-4 weeks and counting.

I did manage to move my stock to AJ Bell, on representations from myself, after initially being told I was too late, even though the transfer had been in progress for 2 weeks - more shoddy treatment by "reputable" brokers but at least they rectified it. They will charge .25% for ISAcustody though, which now forms part of my complaint to iWeb- iWeb makes no ISA custody charge.

I hope all this messing about pays dividends in the end!!

Apologies for repeated messaging but I beieve I have found the key to A J Bell's position on POLY shares retained in A J Bel custody post de- listing. From the A J Bell message of 8 June referred to in previous post:

[Option 3] "You may retain your shares in your account and receive certificated holding under our nominee name that cannot be traded electronically."

So I deduce from that that AJ Bell WILL be registering on AIX as nominee holder of all their clients who have excercised the option to stay with/ transfer to AJ Bell, just as HL are doing. So that prospective dividends wil l be administered through AJ Bell to individual client accounts.

Anyone disagree with that intepretation ? I would contact AJ Bell myself to ask them, but am already in discussion with Jarvis, and in open dispute with IWeb (who still cannot tell me which of their Ts and Cs allows them to sell off without my consent). Enough is enough!

And thank you Mr Cawn for confirming the "HL dividend" issue I mentioned in my last post.

Hi Jotom

This is what AJ Bell wrote to my partner who has a SIPP with them, on 8 June.

"As of now, your shares are held electronically through the UK Settlement System, CREST. However, following the redomiciliation and the discontinuation of Polymetal shares on the LSE, shares will be issued in certificated form. It's important to note that we are unable to support electronic shares held on the AIX.

"At present, our position remains that we will continue to maintain custody of the certificated holding after the re-domiciliation takes place. The AIX is recognised by HMRC as a qualifying ISA market, so the shares will still remain eligible to be held in an ISA after the LSE delisting. The shares will also remain eligible to remain within a SIPP.

If you would like to convert your Polymetal International plc shares into physical certificates, registered directly in your own name, please send a secure message by the deadline following the procedure below........

"Please note that you are under no obligation to convert your shares in this manner. If you don't decide to convert, we will continue to reflect your Polymetal shares on your portfolio, maintain a record of your holding on our books. "

So it appears from this that a POLY holding, and in particular a holding within an ISA or SIPP, will be "managed" by AJ Bell. On the other hand, I have received a message from AJ Bell recently that states whilst they will continue to hold POLY stocks ( GOOD -because I am in process of transferring my ISA'd shares to them from IWeb), the shares will be Certificated/registered into my own name, ie A J Bell are not going to retain a nominee pool of shares, registered on AIX in due course, or so it appears.

It is all really confusing to me- HL, who seem to be adopting a similar position to Aj Bell, have I believe confirmed that they WILL pass on any dividend declaration to their clients for whom they retain "custody".

Anyway, its all speculative, and I takew the view that whilst it may cost me some adminstration fees with some outfit or other further down the road, AJ Bell are preserving my ISA status which with a holding equal to about 2 years contributions is valuable, and that as Polymetal's Alikhan Bissegali says, our dividends, as and when, will always be acknowledged- its just getting hold of them that might prove administratively tricky. But I will have AJ Bell to at least advise me as to what steps, if any, I have to take in that regard. Even better, I hope they might deal with the whole divi. thing for me!

ATB, RF

Hi The-eel Ref DIVIDENDS

There are 2 possibilities it seems to me, aside from POLY stock being sold off voluntarily or by forced sale

1. Shares are retained in a nominee account, either trading or ISA or SIPP, by HL or AJ Bell, who are the only UK brokers I know who will definitely do this, or by other brokers registered on the AIX exchange who will also hold shares in nominee accounts, albeit with trading opportunities in some cases. In that situation the Broker concerned has a fiduciary duty to pass on to your account any future dividend distribution.

2 Alternatively, you may have arranged to have your POLY shares put into your own name, by the so callec "certification" process. In that event, you will be registered in your own name by the Company Registrar, who happen to be Computershare currently. On relisting, Polymetal International will appoint a similar Registrar, either the AIX CSD custodianship, or apparently Computershare were claiming continued retention as the comapny registrar. Either way, these are administrative arrangements made by Polymetal. Polymetal international itself has the obligation to make payments of a dividend distribution to all its shareholders on the record. In the absence of all other more usual arrangements, eg via a broker account, the company will have to send invideula clients a cheque for the dividend amount.

That is my understanding anyway.

Thanks Sandra. My dealings with various brokers confirm this:-

HL and AJ Bell will hold POLY without dealing, in ISA SIPP or trading account. Both have stated this to me in writing, and I am in the process of transferring my iWeb ISA POLY stock out to AJ Bell. iWeb have stated that such a transfer instruction must be given by 30 June. I cannot believe that if the transfer request made via AJ Bell cannot be sorted by 30 June iWeb will sell off my shares; I have written to iWeb request expedition and to confirm the transfer and expressly reject any sale off.

The transfer has been accepted by AJ Bell and the process started. I have only requested transfer of POLY, not my entire ISA. No problem has ensued.

As regards iWeb, despite previous verbal confirmation to the contrary it is absolutely clear now that they have decided to sell off, if shares are not transferred, or"certificated" into the client's ownership on request. From an email I have seen it looks like LLoyds Bank stepped in to require this, just as Barclays have done.

Jarvis X-O have replied to my enquiry to say they will NOT hold POLY shares after delisting and will also "certificate" them into client ownership. They will not sell them off though- that was expressly confirmed.

Finally, as I am very unhappy with iWeb, having been misled verbally by their Customer Services about it being definitely OK to retain POLY shares in the account, I have demanded to know under which of their terms and conditions they claim entitlement to sell off a substantial part of my ISA. They have just asked me to bear with them, for more time to "look into this"!!!

Hi big (adjective)-blue (adjective) -can function as a noun, adjective, or even a verb- as an adjective, it describes either something that is blue in color or someone who is feeling sad or melancholy".

" titanic" is used perfectly correctly by Redinjun, as an adjective meaning "having great magnitude, force, or power : colossal"- derives from the Greek god Titan. I think Redinjun may possibly have been employing sarcasm?

He could instead have used Titanic as a noun, but that would relate to something broken up and lying in pieces at the bottom of a cold and almost unfathomable ocean, out of sight although not sadly out of mind. Surely not an appropriate usage in this instance?

ISA holders - We can't hold your shares after the redomicile. If you want to continue to hold, you'll need to transfer your shares to another ISA provider. If you withdraw your shares on certificate, you'll lose any benefits of holding your shares in an ISA wrapper.

SIPP holders - We can't hold your shares after the redomicile. If you want to hold, you'll need to transfer your holdings to another SIPP provider. SIPP holders can't request a certificate withdrawal.

ShareBuilder holders - If you request to withdraw your shares on to certificate, your holding will be rounded down to the nearest whole share.

IF YOU TAKE NO ACTION

Should you take NO action to sell, transfer or withdraw before the deadline of 4.30pm on 30th June 2023, your Polymetal shares will be removed from your account and sold as soon as possible.

After the redomicile there are limited options if you do not hold your shares with an AIX registered broker. For individual shareholders with certificates who register for the Tabys app this gives some functionality, such as viewing your holding, voting and the payment of electronic dividends. The Tabys app user guide can be found on the Polymetal website.

The AIX register is limited to voting and manually paid dividends by the company. If you appear on the AIX register, you'll be invited to join the AIX portal to view your holding once this has been launched.

Before making any decision, please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you need any further information in making your decision, please contact an appropriate professional advisor.

We will contact you if there is any more information from the Company. We strongly advise you to read the Company Circular and FAQ's available on the Polymetal website www.polymetalinternational.com.

ALL I will do now is to ask iWeb what T&C provision they are using, just for clarity. The only one that I can see immediately is 12.12 If the investments held in your account are "subject to a corporate action which causes your investment to become ineligible for our service we will not be liable for any loss incurred" but I cannot immediately see any provision dealing directly with a right to sell off. I expect there is something- they must have taken advice, but I would still like to know what they are relyiing on.

WELL HERE IT IS -iWEB

"Polymetal International Plc - Important Information Cancellation of Listing on the London Stock Exchange (LSE)and

Redomicile to the Astana International Financial Centre (AIFC)

Please read the following information in full. Shareholders have approved plans to redomicile Polymetal International from Jersey to Kazakhstan to be completed on 17th July 2023.

Due to the complexity of maintaining a holding on the AIX, we can no longer hold Polymetal shares. Polymetal shareholders should carefully consider their options. The circular is on the company website www.polymetalinternational.com. We strongly recommend you read the circular and FAQs in full.

SELL - If you wish to sell Polymetal shares you'll be able to do so through the normal channels until 4.30pm on Friday 30th June 2023 providing there is a market for them.

TRANSFER - You'll need to transfer to a broker who is willing to hold stock registered on the AIX. Please contact your other provider to transfer away from us. Please act now if you want to continue holding Polymetal as some brokers may have deadlines to accept transfers of Polymetal shares.

CERTIFICATE - If you want to receive a certificate, please contact our call centre and we can arrange for this free of charge. Please ask for your certificate withdrawal before Friday 30th June 2023. (SIPP holders can't withdraw certificates).

If you do not sell, transfer, or withdraw your holding from us by 4.30pm on Friday 30th June 2023, we will SELL all remaining Polymetal shares in our custody if there is a market for them. If for any reason, we can't sell your Polymetal shares we will communicate further.

To trade Polymetal shares in the future you'll need to transfer your shares to a broker registered to deal in Kazakhstan.

For more information, please visit the Polymetal website www.polymetalinternational.com where both the circular and comprehensive FAQs are available.

Important Information & Other Key Dates:

On 10th May 2023, Polymetal International (Polymetal) announced that due to the ongoing sanctions imposed regarding the conflict in Ukraine, Polymetal will redomicile from Jersey to the AIFC in Kazakhstan. This means Polymetal shares will be delisted from the London Stock Exchange (LSE) and its main listing changed to the Astana International Exchange (AIX).

Following the redomicile, the shares will be deemed to be foreign shares and as such can't be held within the UK CREST system. The share register will be transferred and maintained by the AIX registrar.

If you want to continue to trade your Polymetal shares you'll need to establish an arrangement with a broker that trades on the AIX. There is a list of AIX recognised brokers on the AIX website.

ISA holders - We can't hold your shares after the redomicile. If you want to continue to hold, you'll need to transfer your shares to another ISA provider. If you withdraw your shares on certificate, you'll lose any benefits of

IWeb customer services inform me that an information message concerning Polymetal will be posted in theire Corporate Action section of client accounts later today.

I am sorry to advise that I was also told the following in a customer services email response this morning (and the first IN WRITING that has made reference to the issue which I have been repeatedly asking about)

"You can either sell through us, organise a transfer or obtain a share certificate. If you take no action, then we will (try and) sell the shares."

I have immediately responded, to include the following

"I am most concerned about your indication that IWeb/Halifax will seek to sell my holding, rather than allow it to remain in my ISA. That contradicts what your customer service representative confirmed to me repeatedly and explicitly (because I wanted him to be very clear on the point) during a telephone call I made to iWeb earlier this month. He said that the stock could remain in my ISA albeit that I would not be able to trade it. "

Yet again with iWeb, we await confirmation of the position, hopefully later today.

Newdealz.

Hi. I don't know what lolol means. clients@freedomprime.co.uk is the email address in question. Danny Phung is Head of Customer Services- I don't see why any customer with an issue shouldn't contact him. My link with Danny comes from a point I raised a couple of weeks ago withFFEu, ie that they had said they expected to offer UK residentts their brokerage facilty on a set date, I think 16 May if I recall correctly. That was incorrect info. and I helped Danny to trace the in house source of this error. I have had no contact with him until today's email.

I will continue to provide any info which may be of interest to Poly PI's. I am sure Danny Phung can take care of himself! ATB RF

AND FINALLY its all happening in my inbox this pm. Just got this Response from FF. I am not now pursuing thaeoption at the moment, but I can confirm that the link mentioned below is operative and appears kosher. Could be a helpful liason person.

"Hello, Thank you for reaching out to us.

As of now, Freedom Finance Europe can no longer offer any regulated services to UK residents due to licence changes following Brexit. Freedom Finance Global – our local Kazakhstan broker is able to receive and hold Polymetal International assets on the AIX.

To avoid possible language barriers and to speed up the entire process, I can act as your liaison between you and Freedom Finance Global.

Here is a link to open an account with Freedom Finance Global:

https://tradernet.global/invite_from/5471333

Contact me if you have any further questions. Otherwise, let me know when you have completed the verification.

Yours sincerely,

Danny Phung Head of Customer Services Freedom Prime UK Limited 30 Churchill Place, E14 5RE London www.freedomprime.co.uk +44 20 37467767"

HUUDI

I assume you are an iWeb account holder. Go to "Help and Guidance" .Click "Contact us online" . Scroll down to "Email us".

THEN hover your mouse over "online form" and Left Click. That will bring up the Contact Form where you will be asked to fill in your details, including Acoount Code which I have taken to be your account no. starting 000. You can then enter dtails of your enquiry, and submit the form using the orange box at the bottom of the webpage. Good luck. ATB RF

I have been badgering iWeb over the lasdt few days- tricky for a ferret. Finally I have just received this email from iWeb Customer Services:-

"Thank you for contacting us.

Our Corporate Events Team have confirmed a communication is due to be released to shareholders tomorrow."

This in response to my repeated and specific questions re ISA etc- hope all will be revealed tomorrow.

Thanks Onbeyondzebra- just had to have a last look at the Board while waiting for someone to getherselfblooming readytogoout. And there is your post- stating everything logically that I was just cogitating in the bath-ie what the hell have paper certificates got to do with these issues. I think the Company's statement that "paper Certificates will all be Destroyed" on re-listing may be partly responsible for this alarm. No-one uses certificates in the ordinary course,its all CREST -Certificateless Registry for Electronic Share Transfer. The clue is in the name! And AIX of course follows suit wiith its own version of CREST. Right, we are off at last. Oh, no Holloaks first apparently Grrr.