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Fungus

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Everything posted by Fungus

  1. I hope this is the right place for this question. For a few months I have been receiving emails from IG about upcoming votes - this is a great service and makes it so much easier to vote. Mostly I do not bother voting because the matters are routine and my vote is unlikely to make a difference. I hold shares in an ASX listed company Ten Sixty Four Limited. A group of shareholders has called for an EGM asking shareholders to vote on terminating some directors and appointing a number of new directors. I am very keen to vote. I did receive an email from IG which would enable me to vote at a meeting planned for September. However the meeting was cancelled and has been rescheduled for the end of this month. I have not received an email enabling me to vote for this revised meeting. I have sent emails asking about this to two separate IG email addresses and disappointingly I have had no response.
  2. Thanks fir your response Arvin. I look forward to the email. i don't think i have ever received an email from your corporate Action team in the past.....
  3. I have two ASX listed shares which are having corporate actions. One is a vote on a takeover and the other is a rights issue. I can see that IG require you to physically print out the voter form and send it in, reaching them seven days prior to the meeting date. In this day and age surely scanning a completed form and emailing it back is easier. IG do not want to make it easy for you. The more important question is regarding the rights issue. I have contacted the company directly about how to take up the rights issue without an Australian bank account (there requirements seem to be that it has to go via an Australian account). They tried to be helpful but advised that they could not see my name on the register. How do IG hold the shares - is it through a custodian and if so who is it? how can the company see the individuals owning its shares?
  4. The share I want to purchase has a ridiculous spread of £1.45 to £1.50. Therefore I looked into placing a limit order. The only choice was a 'Limit-day' order. This is described something along the lines of 'An order which executes once the market price reaches a specified level. If it isn't filled at the end of the day the order is cancelled'. I want to buy 3,000. Does this mean that the order will only be implemented if the full 3000 can be bought at my limit price? What I don't want happening is an order to be filled for one share only because only one share reached my limit price.
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