PM8 0.00% $1.66 pensana plc

Share price - General Discussion, page-409

  1. 441 Posts.
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    I imagine that you can offer a bid your CDI on ASX, and ASX will buy your CDI's convert them and sell them on LSE into a corresponding ask.

    Not sure which exchange manages the transfers and the details but I imagine that the exchanges will do their own conversions in an effort to fill orders and provide the international liquidity that was the point of the dual listing anyway.

    Again, complete speculation, but i think if the liquidity of shares on the LSE are dependent on individual holders discretion to convert CDI's and go through the loopholes to bid on the LSE it would be crazy. Who on ASX is going to bother? This would mean there will be almost no shares on sale on the LSE until someone converts. Is Paul gonna dump his shares on LSE to provide UK liquidity? SWF? seems silly.

    I think ASX will fill orders through LSE and vice versa.
 
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