Will this trading option be relevant to IHL holders? The CDI route The most likely scenario, according to experts, is for Afterpay to convert its current stocks into CDIs.
A CDI allows investors to obtain all the economic benefits of having the actual stock, without holding legal title to the stock. And like normal stocks, a CDI is settled electronically through the CHESS system.
The main difference between holding a CDI and the actual stock is that the legal title of ownership is not under your name, but instead will be under a nominee company, the CHESS Depositary Nominees Pty Limited, an ASX entity created on behalf of CDI holders. https://www.google.com/amp/s/unauthorised investment advice/tech/what-happens-to-my-afterpay-stock-if-it-moves-to-the-nasdaq/%3famp
IHL Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
