Further to this, I have a UK pension which is essentially a...

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marianman

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23/12/21

19:45

Post #: 58494494
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Originally posted by Organism: ↑

Thanks marianman and Rhino1963, I'm aware that Superhero is the custodian of the shares. Since it is reasonable to assume that it is Race Oncology itself, rather than Automic or SuperHero, that determines the all important share allocation numbers, I reckoned that the 'admin' associated with this task would pretty straight forward for Superhero to apply across its RAC SPP applicants.

As much as anything else I was seeking confirmation from other SPP applicants through Superhero that their applications are also still pending.

As it happens, I've received a reply from SuperHero to the query I made yesterday. It reads in part:

'...Superhero utilises a custodian model and we are awaiting a custodian breakdown statement to be provided by the registry to allocate all shares to our members due to the scaleback indicated by RAC.
The registry advised they will provide the statement in the following week...'

It seems that it is unlikely that I'll know my allocation before next Wednesday, after taking into account the Xmas and Boxing Day public holidays. That is a sizeable admin delay!

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Further to this, I have a UK pension which is essentially a custodian structure. Cannot be avoided without a lot of bother.

I have had the shares allocated already by the custodian admin - it's been scaled down from the 10k applied for.

I'd be surprised if the issue is with Automic but anything is possible, I guess.

Last edited by marianman: 23/12/21

RAC Price at posting: $3.48 Sentiment: Buy Disclosure: Held
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