The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Are you absolutely sure II will still allow you to trade them? I have mine with HL and they transferred them to the Canadian equivalent VLE quite soon after they first suspended VLU but I still cant actually trade them I just still own them and can view in portfolio....they say there are no market makers that they use who will handle ..so still in limbo. Which is frustrating seeing as on a good run especially in last couple of days.
Great. Keep us posted as to how you get on. may consider moving my Barclays ones who also don't seem to know what to do.
Announcement on 15th June
UK Listing Update
The Acquisition constitutes a reverse takeover for the purposes of the Listing Rules of the Financial Conduct Authority (“FCA”) and the Company has requested, in accordance with the Listing Rules, that the listing of the Company’s common shares (the “Shares”) on the standard segment of the Official List and trading in the Shares on the London Stock Exchange’s main market for listed securities should be cancelled with effect from 8:00 a.m. UK time on or about July 14, 2022.
The Company’s management continues to believe a listing on a London stock exchange will support Valeura’s long-term strategy and can provide greater access to international investors. Valeura intends to continue to evaluate the merits of re-listing in London and will update shareholders in due course.
Meanwhile, interests in the Shares purchased on the London Stock Exchange are fully fungible and can be transferred from the UK depositary to the Canadian depositary to be traded on the Toronto Stock Exchange, where the Shares continue to trade as usual. Shareholders interested in transferring their Shares should contact their broker or nominee to coordinate such a transaction with the Company’s registrar.
Guessing it is probably because somebody transferred them to Toronto Exchange..
"Effect on London and Toronto listings
Following consultation with the Financial Conduct Authority (“FCA”), the Company has been advised that the Acquisition, should it close, will constitute a reverse takeover for the purposes of the Listing Rules of the FCA. Therefore, the Company was required to request a suspension of the listing of its common shares (“Common Shares”) on the ?standard segment of the Official List and trading in its Common Shares on the Main Market of the London Stock Exchange has been suspended as of today.?
The Common Shares will continue to trade as normal on the Toronto Stock Exchange. Interests in the Company’s shares purchased on the London Stock Exchange are fully fungible and can be transferred from the UK depositary to the Canadian depositary to be traded on the Toronto Stock Exchange. Shareholders interested in transferring their shares should contact their broker or nominee to coordinate such a transaction with the Company’s registrar."
Lumiere could still be mopping them up in the general market hence buying the sells