Matra Petroleum Share Discussion Threads

[supertedsmith] 28/12/2016 20:48

Niet niet and niet .
If a broker doesn't deal in CDIs .
As in Barclays and vodaphone / Verizon communications early 2014


hxxps://www.barclaysstockbrokers.co.uk/Market-Insight/Analysis/Pages/Corporate%20Action%20docs/vodafone-170114.aspx

[supertedsmith] 28/12/2016 20:05

Ned

You can't.
If you are with broker who doesn't hold CDIs -though most do Barclays being exception -and don't act before cut off date then they will sell them and give you money

[nedhammers1] 28/12/2016 19:55

Nothing seems straight forward, what is a CDI? The fact that well established share dealing companies are contradicting each other does not bode well. What happens if I sit on my share certificate for two months or more and decide then to do whatever it is I need to do? Or is there a cut off that I need to do something?

[supertedsmith] 28/12/2016 19:08

Then spoke to Barclays who seemed to think that no transfer can be done prior to CDIs being issued contradicting Sharecentre.Not at all reassured by Barclays handling of situation.I would register just to be on the safe side .

[supertedsmith] 28/12/2016 19:04

Gilly

I registered online with share centre few days ago just to cover all eventualities - very simple procedure matter of minutes .Spoke with them today and they wrote back to me this afternoon .
Here is their reply



Dear

Further to our conversation earlier today, I have spoken with our Corporate Actions department who have received information today about the planned issuance of CDIs for Matra Petroleum. The document detailed that this is subject to approval at the AGM on 12 January, with an expected effective date of 18 January. Whilst this is the effective date, the document goes on to mention that the CDIs will be issued within 14 days of this effective date, meaning we would expect them to be received by 1 February.

From the information we have received, we know we will definitely be able to hold the shares. The document detailed that the company was planning to list the shares on the Swedish stock market, although this is subject to approval. Based on this, we would expect that we would also be able to trade the shares, although we won’t know for certain until the new shares have been issued in January.

In terms of transferring the shares from Barclays, we would be able to transfer the shares either before or after the conversion to CDIs. We need you to complete our ‘transferring investments to your account’ form, and send the form to us at the address quoted on the form; whilst we are happy to accept a scanned signature, most providers will insist on receiving a ‘wet’ signature in order to proceed with the transfer. Once received, we will send the form on to Barclays to request the transfer of the shares to our management. We are then dependant on Barclays to complete this process, although we usually advise transfers can take up to 4 weeks.

Given that you think that Barclays are not able to hold CDIs, I would suggest that you contact them to confirm you will be transferring the shares to us and that you do not want them sold. I would then hope that they will be able to put a block on the shares until the transfer is completed, although you will need to check this with them.

I hope this information is useful, however if you should need anything further, please do contact us again.

[bunishasha] 28/12/2016 13:51

All

In line with Matra - Scheme of Agreement document..."If you have not received all of these documents, please contact the Company’s Registrars, Computershare Investor Services PLC...." . I spoke to Computershare and asked them when would they send me the two forms and a reply paid envelope. First of all they said no they won't. They also could also not find me (rightly so) as an investor i have my online account and shares are still held by broker. I then asked them how do they know that if I send them signed forms (received as an attachments) that they are genuine. They seem to be lost. Could someone please help? Many thanks in advance.

[gilly9] 28/12/2016 12:49

Thank you very much,i wont call them yet, and will wait until you hope fully get a reply, appreciate your reply.

[supertedsmith] 28/12/2016 11:55

Golly Spoke to them and corporate strategy team -ask to speak to Andy .They seem a bit lost and are currently looking into it -You should perhaps call then up .They are hopefully getting back to me .Will let you know if I get an answer When same issue arise with vodaphone and US CDIs it was a no

[gilly9] 28/12/2016 11:51

My shares are held with Barclays Stock brokers,nominee a/c any info from other holders,who are also with the above would be gratefully appreciated. tia

[italione] 28/12/2016 11:22

Reply from Halifax

We are preparing a communication with regards to this company and the details will be uploaded to your account ‘corporate action notification’ section in due course; whereby you will be able to view all the details and options available to you. Please bear with us as we will email you once the notification has been updated to your account.

I hope I have been able to help you with your query, however should you require any further information please do not hesitate to e-mail me at any time or alternatively call us on 03457 22 55 25.

[m1cmac] 28/12/2016 11:01

Just checked with TDW and yes you can trade your shares once listed in Sweden but you can't 'bed and ISA' them.

[beggarman] 28/12/2016 10:51

By the way, they have shortened the year end for the plc company to 31st May 2016, which means they should have filed the accounts by the 30th November. They must be taking the fine for late submission.

[supertedsmith] 28/12/2016 09:41

Three and a half years of being locked out of trading theses shares having had them delisted for very dubious and dodgy reasons .And no price of oil was not crashing when they did it nor for a good while afterwards
Now they are paying no GIFTING - themselves - that is just two individuals MB and VLAD -3 years back pay representing almost 4% of value of delisted company .Thats not taking into account expenses.Also in on set of released figures one individual got £750k.
We are fast approaching 10% of delist value.
No certainty that related shares once converted will even be equivalent of delist price and you are all wetting your pants .
And very few voices of dissent .Like sheep all baying to be conned .
Judge them by what they have done thus far .
That is just enrich themselves and stop us trading our shares whilst they milked it .HOPELESS

[brian boru] 28/12/2016 08:01

I tend to agree with Ted and quite expect my shares to be worth about a tenth of what they were on the day they were delisted.............anything above that will be a miracle. With the lack of openness throughout the Barsteward control you'd be insane to think he's doing this for small shareholders benefit, Aye!

[gilly9] 28/12/2016 07:58

The above taken from LSE, dont know how much if any thing this guy knows about this kind of thing, obviously, but thought it worth bringing to peeps attention

[gilly9] 28/12/2016 07:55

ares currently in your account with whatever broker will be transformed automatically by Crest into new CDI holdings . You should be able to just put an order in to buy and sell and your broker should have the mechanism to settle the business cross border via the CDI workings that Crest have via links to the Swedish SE. Apart from voting I dont think you have to do anything , of course your holding will be in the broker nominee so you will have to instruct them to vote on your behalf if you wish.
5: 1 Increase in your shareholding then proposed consolidation of 1000:1 as mentioned earlier. We dont know the listing price or more importantly where the share price will go after listing.I only see this as a good sign that the Company is in good shape otherwise what is the point?

[oilfinder1] 27/12/2016 13:57

As soon as CDI will be issued, you need to open account with any brocker/custodian, who traded in Euroclear. I assume, that Matra will recommend few.

[johnnyreg1] 27/12/2016 13:09

i just read the news of relisting espected, if scheme is approved, on Swedish market not later than March. I am Italian, and I purchased my stocks by a home banking, from Italian bank. The question is: do I have to apply or register anything to have my old Matra PLC converted in the New Matra AB? I tried to read all the document published on Matra site but i'm not good with technical english words and it's not clear to me if and what I am required to do to have my shares converted.
Moreover, to send the form of proxy avalable on site is it required or just recommended to have my shares converted?
If anyone could help thanks in advance.

[johhnyhotrocks] 27/12/2016 10:44

Mine are with The Halifax and I heard nothing when they delisted, so I presumed they are holding them. If The Halifax wont trade in Sweden what options are open to me?

[harry136] 27/12/2016 10:00

Petercrosby
I have a couple of million Matra shares with H/L. Mrdons good post shows they deal with this market. Hargreaves Lansdown also have a substantial holding in Matra if my memory serves me. I hold several million with Nat West share account, any info on Nat West Matra share account anyone?

[mrdon1] 26/12/2016 16:25

Found this online it's dated 2015 so might be a bit out of date.

hxxps://the-international-investor.com/comparison-tables/uk-international-stockbrokers

[mrdon1] 26/12/2016 16:22

Does anybody no what Matra's maker cap will roughly be at $60 a barrel? I calculate at £100m my 520,000 shares will be approximately worth £6000.