Matra Petroleum Share Discussion Threads

[nedhammers1] 29/12/2016 17:40

Poker I spoke with Halifax earlier today around 2pm they said they are due to release something by tomorrow on what options we have. They did confirm they do not trade on the Swedish stock exchange .....

[supertedsmith] 29/12/2016 17:36

Gilly that's strange as I spoke to the guy in the transfer dept who is an expert and walked me through everything and he said they do deal with CDIs .
Who did you speak to?
If it was person answering phone they know nothing .
You need to talk to transfer dept .
I can give you name,tel and email if you want

[pokerdude1] 29/12/2016 17:06

So no one the wiser on what we need to do... Do we have to change brokers ASAP or just leave them with original broker, my broker Halifax are unaware at the moment.

[gilly9] 29/12/2016 14:58

super did you mention earlier Share Centre on 01296 414141 because i have just spoken to them and they dont get involved with cdi

[doxford] 29/12/2016 14:30

Not too sure about any of this but the impression I got from the phone call is that there was no need to do anything as they would keep me informed of any action required as when and if it became necessary. I will see if anything turns up by Monday and if not I shall ring again and ask about transferring my holding to another broker who is switched on to the 'New Matra'

[supertedsmith] 29/12/2016 14:06

Gilly Oxford

I am doing it now.
Have just sent off scanned transfer forms .I would do it if I were you .
Even if shares in limbo you should be covered

[gilly9] 29/12/2016 13:41

Doxford,it would appear that(with the both of us being with Equiniti) they not knowing much, is not going to leave us much time to switch to another broker if they dont do cdi

[steviedoesit] 29/12/2016 12:52

GOOD good tammy14 here to here's to the end of old Matra! And welcome to the new year,NEW MATRA AB!! ARE PROSEROUS JOURNEY IS ABOUT TO BEGIN going into 2017 !! Many blessings

[calmtrader] 29/12/2016 12:50

budget i'll probably go

[budgetbond] 29/12/2016 12:46

Is anyone else planning on going to the EGM?

[tammy14] 29/12/2016 12:37

Thank you Steviedoesit, I just voted for it

[steviedoesit] 29/12/2016 12:34

Log in to Td direct investing if you go to corporate directions and your find the forms to sign and that's it from what I see the rest is done by company your holding with ie td direct investing hope this helps

[tammy14] 29/12/2016 12:21

Hi all,
I am with TD what do I have to do?.plez anyone advice me

thanks in advance

[doxford] 29/12/2016 12:02

just been chatting with Saga/Barclays/Equinity and have been told that they are aware of all of this but have not received anything official from Matra as yet. They will inform holders when they actually have something to hand, and will advise accordingly if any action is required. When asked if the proposed shares will be tradable through them if they ever materialise the short answer is 'we don't know at this time'

[supertedsmith] 29/12/2016 11:49

Most impressed by share centre .Just received this email Incidentally they were right transfer can be done now time permitting .But I think his calculations out as forgotten to divide by 1000Dear Mr I have checked again with our Corporate Actions department to go through the documentation they have received (a digital version is available via the Matra website at and the expected timetable for the scheme. We only received the hard copy of this document yesterday, so it is possible Barclays have yet to receive this given delays with the Christmas post. As mentioned previously, the scheme is subject to approval at the EGM (not AGM as per my previous email) on 12 January with the effective date of the scheme being 18 January. The date of 1 February I gave is the latest date we would expect to receive the new CDI shares as they are due within 14 days of the effective date; they may well be received earlier than this. Looking through the document (page 11 has the timetable), the last day that the existing shares can be transferred is 13 January. So, to transfer the shares prior to the scheme (which is definitely still possible) we would need to ensure Barclays have everything they need prior to this date. That is only 11 working days (including today), which is quite tight but not impossible. If you can arrange to send the signed transfer authority to me today, I will ensure that we turn this around on the day of receipt to get the transfer moving. As Barclays do not yet appear to have any information on this, you may want to forward them the link above to the scheme documentation. I have also given you a screen print from Crest showing that the shares are still 'enabled', meaning they can be transferred. Whilst Barclays will also have access to this information, it will be limited to only a handful of individuals and given the size of their organisation, it may not be readily available. Finally, as confirmed in our conversation, I would just specify 'ALL' Matra Petroleum shares to avoid any ambiguity if the transfer is processed after the scheme. Also, my interpretation of the scheme documentation is that you will receive 5 new Matra shares for each 1 old Matra share, meaning your share holding will become 40,000,000 shares, not 40,000.

[supertedsmith] 29/12/2016 11:46

Most impressed by shstecentte

[budgetbond] 29/12/2016 10:44

So, this is my take on what I think will happen:

CDIs are UK securities representing an underlying interest in an overseas security. They are issued on a one-for-one basis. Because CDIs are UK securities, you can receive dividends in sterling and can buy or sell CDIs easily in the UK.


Re-reading the scheme plans and working on the basis that Matra would not be trying to make this complicated, my take on this would be that anyone holding shares in electronic form in CREST with a broker who deals in CDIs would get their shares automatically transferred into CDIs. If at any point in the future an investor wanted to hold actual shares, they would need to open a nominee account in Sweden and then transfer the CDIs for shares.

I assume that anyone holding their shares in CREST with a broker that does not deal in CDIs may have to transfer them to a broker who does.


As I say - this is just my assessment on it at the moment. Hopefully Hargreaves Lansdown will confirm this.

[gilly9] 29/12/2016 10:28

Edit further to Budget,s post above Equiniti, also have not been informed/have no knowledge of changes, will also post when they get back to me, Tues/Weds now i would think

[gilly9] 29/12/2016 10:26

Super, my shares were transferred to Equiniti Financial Services(from Saga Share Direct/ through Barclays Stock brokers), they have said that they will get back to me, the guy didn't know whether they dealt in CDI.Barclays DO NOT deal in cdi,as such, only through their International Share Dealing Service, once again thank you

[budgetbond] 29/12/2016 10:25

I've just spoken to Hargreaves Lansdown and their Corporate Actions team have not yet been made aware of this proposed change. I have sent them the document that was released and asked them to respond ASAP and confirm what the conversion process is and what we, as shareholders, need to do. The team at Hargreaves Lansdown are normally excellent so I expect to get a comprehensive and factual response soon.

This is not a process I'm familiar with so I will have to be guided by them.

[nedhammers1] 29/12/2016 09:36

Could someone please explain what a CDI is and any ideas on the cut off date to transfer/convert shares into these. It seems strange that most hold electronic shares via a broker, so unless we kept up to date with Matra we would never know that we have to do something?It just does not add up, I'm a bit frustrated lol, but not surprised. Ted might have the last laugh :-), I hope not. Hey ho .......

[supertedsmith] 29/12/2016 09:15

Gully

Am on phone to Barca trying to see what's going on .
sharecentre say they have been updated by registrar ,but Barca say they have not been .

Trying also to confirm if transfer prior to CDIs being issued possible .
As CREST registered should be but Barcs unsure

[budgetbond] 29/12/2016 08:21

Someone mentioned recently that it wont be possible to 'bed and ISA' the new Swedish shares but my research suggests that it is permitted to hold international shares in an ISA and so that could be wrong. I will be speaking to Hargreaves Lansdown this morning and I will check.

[gilly9] 29/12/2016 06:47

Super once again thank you. ive just realised, that my Barclays stockbroker a/c through Saga is now being run by Equiniti Financial Services, in Birmingham, so i will call them later, and see what they have to say,will post any thing relevant

[ken105] 28/12/2016 22:19

I have e-mailed the company asking them what I have to do if I hold shares in certificates at home, as of yet I haven't received a reply. Does anyone know the answer, Thanks for any reply.