De La Rue Offer Share Prices

[Baxter77]

Hi,

De La Rue announced they are offering a large number of shares at a discount price to people who held shares in the company on 17th June 8:00am. I have received no notification of this offer in my IG account whereas I know other people who have a different share dealing accounts with other firms have already received theirs. Please can anyone let me know when this will be made available and how it is notified within the share holding account?  

[PML]

Hi,

I can't answer your question but am in a similar situation holding APTIV shares, who recently announced an issue, and I've had nothing from IG - not even a response to my direct question to them re notifications etc as you have done.

Good luck...I'll follow your posts in hope of enlightenment!

[Baxter77]

Hi,

I finally managed to take up the allotted offer shares available to me; however, now that I can see them in my listed trading positions I cannot sell them if I wanted to. Again, IG seem to be well behind other trading platforms for making these available to deal. My friends have trading accounts in 3 other different platforms and all have them available to deal. Reading from the forums some people had them to deal the next day after the offer was made (7th July). How can this be right? I have watched  the share price drop from 142 to 127 whilst some people could sell the offer shares at 142. If the price had completely dropped on the 8th July I would have lost a fortune. I contacted IG who came back with a one sentence response stating they will be available on Monday (today) at the earliest. Not very reassuring. Why are they the last trading platform to make these available? Not good enough.