Yeah, in theory, it shouldn’t change.
That said though, external factors around the changes can have an impact, plus there is a fair amount of negative sentiment around share consolidation as it isn’t always done in an investors best interests -not saying this is the case here as i don’t know enough about the proposals, which i probably should read at some point as i do have a few here.
I agree there are dual AIM-ASX listed companies on freetrade, plus also they do handle share considations as well. So I’m not particular worried.
I would only start worrying if there were noises about them listing only on ASX.
When it is dual listed am I correct in thinking that stamp duty will have to be paid on U.K. share buys ? Only potential downside I see.
Heading towards topping up territory for me.
Really starting to drop back surprisingly when gold spot price is one and a half percent up today. Any thoughts?
Maybe folk know they can jump in again nearer to ASX listing time without the price being to different ?
It’s nothing to do with the ASX dual listing that I’m bothered about. It’s the fact that the company is a new company. Freetrade do not have all AIM listed shares available and they are slow at adding new ones, GGP for instance I’d asked for it long before it was out on Freetrade. I have zero confidence they’ll be good to go for live date and therefore if they haven’t got it registered to trade on Freetrade when the consolidation happens our shares will be sold at current value, that’s all very well and good but there is a good chance that the moment it goes live as a dual listing there will be influx of buys. So let’s say Freetrade sell at 16p and you have 200 shares you’ll get 32 quid whereas you should have got 10 shares in the newly formed company at 3.2, let’s say the share price instantly rises to 4 quid, by the time you’ve purchased your shares back on another broker you’ve already lost out.
I’ve given them till the end of April then I’m transferring the whole ISA to another provider
Just to clarify that it is NOT a dual listing, it is a cross-listing.
Dual listing is two separate companies, whereas cross listing is one company (Greatland Resources) listed on two exchanges.
It’s an important distinction.
Got this response from Freetrade - Hi Parrish Thanks for getting in touch! Our wider Corporate Actions team has advised that for Greatland Gold Plc, we are still monitoring the scheme and once full details are released in the market we will update customers on anything that affects their positions and options. We do need to clarify that the actions taken by the company is something completely out of Freetrade’s control. We also don’t know about these events before they happen and we don’t have any powers to affect the decision making process of the company in question. However, as soon as we have more clarity released in the market, we will update customers as a priority. Thanks for bearing with us and please let me know if there’s anything else I can help you with!
When would GGP move from aim to another section, ie FTSE or similiar. Is that purely based on earnings orrrrr?
Pazza - roughly the same response they gave me, it’s a cop out. All they need to do is decide they will add the company and it’s ticker in advance of go live the same as every other broker. Why they can’t confirm it is beyond me.
Hell of a day for Mr Day yesterday on his adventures according to his socials in order to get to the meeting!
Getting battered of late down 17% in last week. Hoping it holds 12p today.
Message from freetrade re changes ahead.
Hi Roger
Important update on your investment in Greatland Gold plc:
Greatland Gold plc has announced a reorganisation via a scheme of arrangement.
Under the terms of the scheme, shareholders of Greatland Gold plc are expected to receive 1 new Greatland Resources Limited share in place of every 20 Greatland Gold plc shares held as at market close on 19 June 2025.
The scheme was approved by the shareholders at the General Meeting held on 12 May 2025.
The scheme is expected to become effective on 20 June 2025.
If you hold less than 20 shares you will not become a shareholder of Greatland Resources Limited and you will receive a cash payment in respect of your fractional share entitlement.
New Greatland Resources Limited shares are expected to be received on 23 June 2025 and we will credit them to your portfolio as soon as practically possible following receipt. On the effective date, you will not be able to trade your Greatland Gold plc shares until we issue the new Greatland Resources Limited shares to your account.
You do not need to take any action, we will be in touch after we receive an update.
Kind regards,
Phoebe
Freetrade Team
Hi. When, and how, did you get that message please?
Edit - just found it thanks.
I’ve not had that message. Good work as usual, Freetrade.
It appeared when I opened the app yesterday and I re found it to copy on the web portal but not on app messages.
It turned up when I went in the app for the 2nd time today. Hmm.
I saw this message yesterday, does this now mean that 1 share will have the same monetary value the 20 shares have at the time it becomes effective?
Example;
1 share now is currently at 12p~ would that mean the 1 (replacement) share will have a value of £2.40?
I can see it mentions what happens if you have less than 20 but What happens if we have an amount of shares left after however many 20’s have been replaced. Would we also get a cash payment for the surplus?
Hi yes whatever the price is on conversion day each share will be worth 20 times as much but you will have one new share for each 20 old shares so you will have the same moneys worth just in a smaller number of shares