I believe you are correct, don’t think they can be. You have to convert to B shares first as I understand it.
So what are the share prices now then?
In the AMA thread at post 57 (I really need to spend more than ten seconds to figure out how to quote from another thread on mobile) Adam suggested that the company articles prevent the sale or transfer of A shares. I was just going off that so you’re probably right about them first needing to be changed but in reality I think an A share transaction needs discussing with freetrade first.
Yes, the Company Articles place restrictions on the transfer of A shares and so they are much more difficult to sell than B shares (e.g. they need to be offered to all other A shareholders first, subject to certain corporate governance processes). @corradomazza, feel free to DM me on this
Any one selling, I am an interested buyer!
What would somebody offer me for my 12,569 B Shares as an R1 investor ?
Possibly even 120
I would be robbing you
How much did you invest for 12k shares?
I invested £1k in R1
Nice hope you get what you want, good luck
Might be tough with the current raise mind
I was just interested to find out potential worth. I may just sit tight and hope for the golden goose down the line.
Does that mean they are A shares?
They’re worth 86.2p each now but are more complicated to sell
Edit: sorry, just saw where you said they are B. The price still stands tho
I think A Shares were issued for investments over £3,000 in Round 1.
No they are B Shares, I only purchased £1,000 worth which totalled 12,569 shares.
If the shares are sold before 3 years you would loose tax relief I think.
Also would FT revoke Alpha for life if someone was eligible for it and sold some or all of their shares?
I don’t see why, They still helped fund freetrade so should still get the rewards IMO
This is an interesting point, I am keen to know the answer to “do you lose your alpha for life if you sell your shares?”
Agreed can’t see how but official answer would be nice.
You’ll keep your lifetime Alpha even if you sell your shares, you earned it!