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I have shared in GIK and the shareholder vote for merger is 21st April. I’ve been told O should receive something about the vote, but I’ve seen nothing. Is this something IG have to do as a proxy?

Edited by Twinsignals
Wrong date
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12 hours ago, Twinsignals said:

I have shared in GIK and the shareholder vote for merger is 21st April. I’ve been told O should receive something about the vote, but I’ve seen nothing. Is this something IG have to do as a proxy?

Hi, IG uses the 'Custodian Model' for share holding and as such the shares are actually held by the Custodian (Citi Bank) which means you won't have shareholder voting rights.

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36 minutes ago, Twinsignals said:

Ok that fine. So GIK is a SPAC, if the vote goes as expected, will my shares be automatically changed for ZEV shares? 

basically yes, IG should be in touch if that is the case. see 

What happens to my shares position if the company is involved in a takeover | IG UK

and

Ownership of underlying share and company divestments/mergers - IG Trading Support - Dealing Questions - IG Community

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