Hi AllI'm in AUS and using SelfWealth to trade on ASX. How...

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bartosz

2 Posts.

27/02/22

16:29

Post #: 59853593
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Originally posted by Gprp: ↑

Dear Forumites ,

Usually , I am a silent participant in various discussions .

However , the merger " of equals " between KLA and Agnico is a very bad deal for the Aussie investors .

Reasons :
1) if successful , KLA will be delisted from ASX . The new entity will be listed in TSX .
2) There is no premium to KLA s/h for this merger , and the exchange rate between AUD/CAD brings a lot of uncertainties and further reduction in gains .
3) The merger will trigger a " CGT " event , hence it's a double whammy in terms of stock conversion to a new entity .
4) There are no many brokers in Australia that allow to invest in TSX , hence the cost is high .
5) Finally , the voting process shows the dishonest and unscrupulous company's conduct towards s/h.

Computershare is a registry for KLA . I own multiple shares , and the vote by proxy is always done online since I specified my voting preferences as online only .
Computershare sent the voting letter to my old address , and when I finally got the letter it states " mail or FAX response " by 23 November . I've contacted Computershare and it appears that KLA hasn't provided the details to vote online or to participate in the shareholders meeting . In a nutshell , the absence of the vote will be counted as "YES".

I have submitted a formal complaint to ASX and ASIC , but I don't have much hope with those clowns . I urge all the s/h to vote NO for the merger since this deal stinks .

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Hi All

I'm in AUS and using SelfWealth to trade on ASX. How exactly do I proceed to get my shares of Agnico Eagle on TSX? KLA shares disappeared from my SelfWealth account and they didn't really give me any advice when I contacted them.
I have access to TSX through Dif Broker (based in Europe). Can I somehow use them to get my AEM shares?
I would appreciate any tips. Not sure how to proceed here, I've never been in this situation before.

Thanks!

KLA Price at posting: $52.69 Sentiment: Hold Disclosure: Held
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