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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tethys | LSE:TPL | London | Ordinary Share | KYG876361091 | ORD USD0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.125 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/4/2017 20:42 | Its like the people who shorted this knew everything all along....... | temporarily insane | |
27/4/2017 17:35 | It's crazy there is so much confusion. It's not like this is the first time it happened to a share..... If TPL was a proper company rather than the mess it is now then they would have issued a FAQ with their delisting notice..... | casual47 | |
27/4/2017 17:27 | casual47, well they did warn me about the timescales and that it depended on both sides cooperating. I figured that it was worth trying to complete and at least having the process in flight would stop the shares being force sold as Selftrade were going to do. BestInvest told me they would not sell as they are a fund manager rather than broker but I have my SIPP there so more complicated.The option of taking certificates in my own name I wanted to avoid as I'm not sure about the ISA or SIPP implications and episode rather they ended up remaining in the broker nominee.My impression is that brokers are also a bit in the dark as to what to do. | redstone64 | |
27/4/2017 17:14 | R64 - presumably they wouldn't have started unless they knew they could finish it? This is the feedback I had from TD when I asked if I could transfer: Casual: Can you confirm if there is time enough to get these shares transferred electronically from my ISA and SIPP? The shares are delisting Friday 28th April. TD: Unfortunately that will not be enough time as we need around 4 weeks for a transfer | casual47 | |
27/4/2017 17:04 | Casual, I'm also in the same position with 3 transfers in process (SIPP, ISA and dealing). All were started 2-3 weeks ago and none completed as yet even though the brokers were in contact with each other. It took a bit of chasing both sides to even get that far.I'm transferring to TD so relying on them to have some options for after de-listing for those that were not completed in time, but will follow up next week. | redstone64 | |
27/4/2017 17:04 | Its like this has all been done on purpose. | temporarily insane | |
27/4/2017 16:55 | casual No mate, not at that stage yet. They confirmed they have my paperwork and I have authorised them to speak with Halifax to sort the transfer. It wont be quick IMO. | neilyb675 | |
27/4/2017 16:39 | Barclays will only tell me my options once they have received the certificates.......8 weeks from now. Have completely sold the shares I held in my ISA meanwhile....just my SIPP left. Anyone know what the options are for international certificates in a SIPP? | casual47 | |
27/4/2017 16:37 | Have just received the same details regarding HL ISA. Not sure why you can't buy anymore once held by HSBC but just going to hold tight for a few months I reckon | ratfan | |
27/4/2017 16:33 | Can you specify minimum price limit for offline sale which gets bulked in with other clients? The share price one day to the next can vary wildly and there tends to be a big spread on TSX | casual47 | |
27/4/2017 16:31 | Thanks for posting that FBRJ, I am thinking the same will be the case with TPL shares in a HL ISA but will check anyway. I don't really want to buy any more so only being able to sell them should suffice! | ratfan | |
27/4/2017 16:23 | Neily, they confirmed the transfer will still work once your shares are certificated? As of tomorriw EOD there are no electronic TPL shares listed in UK. | casual47 | |
27/4/2017 16:23 | I've just had this from HL: Tethys Petroleum Limited - Delisting from London Stock Exchange Your holding of xx Shares held within your Vantage Fund & Share Account What is happening? The Board of Tethys Petroleum Limited has announced its intention to cancel the listing of its Shares from the London Stock exchange (‘LSE’) whilst retaining its listing on the Toronto Stock Exchange (‘TSX’). The delisting from LSE is expected to become effective at 8.00am on 2 May 2017. The TSX listed Tethys Petroleum Limited Shares are not eligible to be held in CREST, the UK settlement system; therefore we will hold the Shares on your behalf through HSBC. Why will my Tethys Petroleum Limited Shares be held with HSBC? Hargreaves Lansdown uses the UK Central Securities Depository, CREST, for all equity and bond settlement and if a stock is withdrawn or cannot be held through CREST it restricts the trading options available to Hargreaves Lansdown clients. In order to provide an on-going dealing facility in Tethys Petroleum Limited Shares we have entered a global custody agreement with HSBC Bank plc. This agreement means that the stock can be held in its relevant overseas settlement system which ensures that trades in the stock can be settled and therefore traded. Whilst the stock is held with HSBC we will only allow sale instructions to be processed and all purchase requests will be rejected. When is the last date I can trade my Shares on the LSE? Tethys Petroleum Limited Shares can be traded on the LSE until close of business on Friday 28 April 2017. If you have a holding after this time your Shares will be traded on the TSX. There may be a delay before Hargreaves Lansdown can place sale instructions on behalf of clients on the TSX. How will trades in Tethys Petroleum Limited Shares be placed? Trades can only be placed over the telephone by calling our Stockbrokers on 0117 980 9800. Consideration from any trades placed will be converted into Sterling in accordance with our Hargreaves Lansdown Currency Service terms & conditions. Please note that we will be unable to accept any purchase instructions for Tethys Petroleum Limited after 28 April 2017 and we will only be able to accept instructions to sell your holding in Tethys Petroleum Limited. Our commission for telephone dealing remains 1% of the consideration, subject to a minimum of £20 and a maximum of £50. Trades may also be bulked with other client orders, which may in some instances work to a client’s disadvantage. Are there any additional charges for holding the stock through HSBC? There are no additional charges for transferring to or holding the stock in the HSBC Global Custody account but there will be a transaction charge of £15.00 applied by HSBC to settle any transactions, in addition to the Hargreaves Lansdown, which will be reflected on any contract notes. Should you have any queries regarding this matter please do not hesitate to contact our Helpdesk on 0117 900 9000. Please note our Helpdesk staff can provide factual assistance but cannot provide advice about any action you should take. We hope you are satisfied with our service. If you would like to set up new products, or transfer other assets you hold to Hargreaves Lansdown please go to www.hl.co.uk or call our Investment Helpdesk on 0117 900 9000. Yours sincerely | fbrj | |
27/4/2017 16:20 | "with TD direct it was just informational with no options to choose." ____________________ same with Halifax. I called HL today and they confirmed receipt of my transfer Vantage form. This is the first step, it then gets assigned to someone to work it. Apparently I will be kept in the loop thru the whole process. | neilyb675 | |
27/4/2017 16:13 | No reply to my three emails | casual47 | |
27/4/2017 15:41 | Congratulations to the Tethys Management for creating nothing but more hassle to its shareholders. Is Bill doing this all on purpose so as to steal the company from private shareholders? Is it possible. Has anybody had any replies from the company yet? | temporarily insane | |
27/4/2017 14:56 | Still had nothing from HL and they are normally pretty good with communicating this sort of thing. | ratfan | |
27/4/2017 14:55 | Thanks r64 | casual47 | |
27/4/2017 14:41 | casual47, with TD direct it was just informational with no options to choose. | redstone64 | |
27/4/2017 14:25 | For those who hold their shares in TD: was there a mandatory corporate action from them where you had to select an action re. Delisting? | casual47 | |
27/4/2017 09:56 | Lets see what Tethys does eh. | temporarily insane | |
27/4/2017 09:45 | Meanwhile tomorrow is the last day. The default option for brokers such as Barclays is to automatically sell all remaining TPL shares held unless investors indicated they wanted to certificate. | casual47 | |
27/4/2017 09:36 | Redstone64, Dorset64, If the NEX listing is approved by the BOD, Tethys would have a listing Canada TSX and in London NEX and Tethys shaReholders would have the choice of trading on TSX and NEX. Dorset64, My view is that the BOD is entitled to re-consider its earlier decision following a further review of a more attractive, less costly and less bureaucratic process in opting for NEX exchange. I do hope they do decide on NEX as it would be a recognition of UK shareholders concerns following the poor response from some UK stockbrokers in this whole delisting saga !. | hguess16 |
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