RE: Stop the negative drivel9 Dec 2021 19:52
seagull,my own and my wife shares are held with hargreaveslansdown, 2 isas and a sipp drawdown. i have emailed HL to clarify what will happen and am awaiting a reply.what i think will happen is this.HL will be the holder of record on the record date.the us transfer agent will record HL as the owner of all the shares held on their platform on that date. (my own and all the other isa holders etc) HL will then have to record the underlying beneficial owners in its own records as appropriate.the isa holdings will have to go into their fund and shares account and if a holder does not have one they will open one, although it will be inactive until you complete whatever they need make it active.this is what happened with another share i held which delisted (although the funds and shares account seems to have been activated in this instance without anything else being asked of me).although i have taken the initiative and contacted HL virtually immediately they would certainly be contacting me in due course if i waited.however, because time is relatively short(chrridstmas holidays etc) if i were you i would get in touch with your broker immediately to see what their particular reqirements are.you may have seen the poster yesterday or the day before whose broker will auto sell if he doesn't pre empt it by getting them put in his own name first.the vital thing is that you personally ,or your broker/platform provider on your behalf ,.is on the shareholders record on the relevant date