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IG take away fraction of share after stock merge

topboy3194

By topboy3194,
in Shares and ETFs

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topboy3194

topboy3194

Posted
Posted

Upon merge of LVGO and TDOC, as we all know, 10 LVGO shares will get 5.92 TDOC shares plus cash distribution.

I have only received 5 TDOC shares, when i enquired about this matter, IG told me they do not issue fraction of share.

So they took 0.92 TDOC share away from my account, which is worth almost 200 USD!

I have attached transaction history from IG, and does anyone has the same issue?

 

WeChat Image_20201113102341.png

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Guest Noughtboy

Guest Noughtboy

Posted
Posted
On 12/11/2020 at 23:27, topboy3194 said:

Upon merge of LVGO and TDOC, as we all know, 10 LVGO shares will get 5.92 TDOC shares plus cash distribution.

I have only received 5 TDOC shares, when i enquired about this matter, IG told me they do not issue fraction of share.

So they took 0.92 TDOC share away from my account, which is worth almost 200 USD!

I have attached transaction history from IG, and does anyone has the same issue?

 

WeChat Image_20201113102341.png

I would imagine you would get a cash payout for the 0.92 shares and remain holding the balance of 5 shares but check to confirm with them.

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