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$1.66 pensana plc

Thanks,my mistake for not reading letter to cdi holders,have...

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fumoyoda

2,776 Posts.

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23/02/21

07:48

Post #: 51233017
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Originally posted by sjl: ↑

If you hold Pensana CDIs, you won't lose anything from the delisting. Your CDIs will be converted into shares on the London stock exchange. The exact form that they take will depend on what you've done with the notification. Computershare has been mailing holders with information about what's happening, and what you can do. The deadline for that decision was the 19th of February - meaning that if you didn't make a decision, you'll get the default option.

Your options were to sell the CDIs before the suspension of trade on Friday; to voluntarily convert them into London Pensana shares before the suspension of trade; or to elect to go through the voluntary sale facility that Pensana provided. The fourth option, the default option, was to have the CDIs converted into London Pensana shares, most likely in the form of a paper share certificate.

If you didn't follow through on the correspondence, you'll get your share certificate in the mail in the coming weeks (or months; I'm not sure what the exact timeframe is.) You can then get in touch with a full service broker that will allow you to go through the dematerialising process (whereby the paper certificate is physically destroyed in the UK, and the shares registered electronically), after which you can sell them on the London stock exchange through the broker. Or you can find somebody on here who is happy to buy the share certificate from you and do the process themselves.

The news has been well announced and documented. That you haven't been paying attention is not the fault of the company - they've done all that they need to ensure that holders are informed about what's going on, and what their choices are.

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Thanks,
my mistake for not reading letter to cdi holders,

have much paperwork trades confirmtions from ebroking that I dont read them. so default option.

If the default is only paper certificate and not re-registered electronically into PRE, as I guessed, then I'll have to open the letters, to read them.
with ebroking, (cmc platform), can trade UK US stocks, easily..

1. do nothing auto converted to shares on LSE

PM8 Price at posting: $1.66 Sentiment: None Disclosure: Held
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Thanks,my mistake for not reading letter to cdi holders,have...

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