You need to own AMC shares before the 15th Aug to be eligible for to get the APE shares. APE shares will be distributed at the end of the 19th Aug by AMC, and will go public on the 22nd Aug.
You should likely receive shares on or shortly after the 19th (keeping in mind its end of day US time). You can ask Freetrade for more details if youd like
On my IBKR account, it is showing the Ex-Dividend date as 12th Aug. I would buy before this date instead of the 15th Aug just in case, to make sure you are eligible for the APE share.
Did you message Freetrade and ask them regarding any specific questions you have on your AMC position?
As far as im aware I see no reason that it wonโt be handled like any other similar action. You would receive your new allocated APE shares for each AMC share you hold. Just like those holding GSK received HLN shares. Though in this case the allocation of a new ticker and stocks doesnโt include a split up of the company.
APE units? Wowzers. Well, I think this is a great way for AMC to celebrate my birthday on the 22nd. Thanks, guys!
Also, no wonder the price is so volatile. Every time I think I should just take my money out and put it safely in the bank, something cool happens. Every day is a learning day
Our Corporate Actions team are speaking with various third parties at the moment who play a part in us holding US stock and administering corporate actions, and weโre just double-checking this dividend with them before we can confirm the details.
Due to the level of contact, weโll be in touch via an in-app post as soon as we know more and have the answers that you need.