RE: II moving shares to NYSE?10 Dec 2025 12:20
This is what I have received from ii this morning:
Upon checking our records, I can confirm that all holders were issued with a corporate action notice on the 10th November 2025 outlining the terms of the scheme:
“Under the terms of the Scheme, the company will have a corporate restructure whereby holders will receive one new share for each existing share held. The primary listing of the new company will be on the New York Stock Exchange (NYSE) with a secondary listing on the London Stock Exchange.”
As a result of the restructure by the company a business decision made by management was made to only facilitate trading on the primary listing. We therefore also confirmed in the corporate action notice that
“Following receipt of the new shares we will endeavour to move your new holding to the NYSE as soon as practical, and update accounts accordingly. This move itself can normally be actioned within 3 days, though delays can occur. The record date for the next dividend is 1st December 2025 and, depending on the receipt date of the new shares, we may need to wait until after this date before the cross border can be started.”
The decision made by management was made taking into account various factors including but not limited to
- logistical administration challenges regarding taxation to ensure all holders are taxed at the correct and current rates.
- The liquidity on the market and trading prices.
ii will always look to facilitate trading on the primary market where this is possible, ii are also aware that the listing is still available as a secondary listing on the LSE but have no current plans to facilitate this. With the notice being issued on the 10th November 2025 and the scheme going effective on the 24th November this gave holders ample time to decide what actions they wished to take with regards to their holding.
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