RE: AJBell - TUI RI12 Apr 2023 08:49
@Baxxy,
I have used AJ Bell for previous RI's (different companies) BUT not this TUI one. I hold my TUI shares with a different broker.
My experience of AJBell with RI's is very good.
As you say you will have received a corporate action, explaining the situation and your options, and asking you for a decision via an allocated tick box at the foot of the corporate action.
You will have been given 4 options, buy all the rights, sell all the rights, a mixture of those 2 (tail swallowing), and a do nothing option.
Each option rather depends on your personal position, available cash, belief with TUi's future returns, etc. Do nothing is to be avoided, since you could get nothing!!
You place a proportion (in number) of your allocated rights into each option, and return to AJBell. Together with ensuring you have funds upon your account, if you are buying some/all of the rights.
It appears you have chosen the default option (almost certainly) to buy all the rights, by selecting allocate all. This will have allocated your entire RI number to the default option (as said likely to buy all).
As such, you just need to ensure you have sufficient funds upon your account (likely to be by today) and AJBell will do everything else. They'll buy the shares for you and place them together with you pre-existing holding.
It appears this process will be concluded by 24th April, and then you can freely trade with the new shares.
Just check which option you have selected, and ensure sufficient funds are upon your account.
Hope this helps.