Polymetal International - POLY - Share Chat

Stock Discussions
174

Will Freetrade comment on this?

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175

The shares are still showing in my Freetrade account .

Can Freetrade explain why this is the case .

Freetrade need to answer all these questions.

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176

It the situation with Russia changes, will our shares trade again?

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177

They needs to renamed to Solidcore
https://www.solidcore-resources.com/en/investors-and-media/news/press-releases/20-05-2024/

I’m guessing FT won’t respond because they effed up
They should have either transferred peoples holdings or sold them.
:face_with_monocle:

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178

Let’s see if they respond

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179

Has anyone messaged FT , what’s there take on this .

180

Important update on your investment in Polymetal

International plc:

Further to our previous message regarding the redomicile from Jersey to Astana International Financial Centre “AIFC” in Kazakhstan for Polymetal International plc.

As the Polymetal International plo shares are no longer able to be traded on the London Stock Exchange, Polymetal International plc were offering to support an exchange offer where shareholders were able to transfer their holding to AlX registrars.

Following review, Freetrade is currently unable to facilitate the transfer of holding to AlX. We are continuing to monitor the situation and will send a further notice on receipt of any further information.

We apologise for any inconvenience caused.

Kind regards,

181

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182

Wow. FT have royally screwed up on this :face_with_spiral_eyes:

FT are the custodian of the shares being a nominee broker
One would think that their name would have been on the ploy share register when they delisted
The register was sent to AIX and account made for all the shareholders

:thinking:

Would all the shares FT held on account not be with AIX now

The shares must be somewhere
They are 100% not in the UK system anymore or with computershare

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183

So am I correct in reading this as “We (freetrade) had a chance to do something, didn’t bother, and have no plans to do anything moving forward”. I have chucked a complaint in to them which has allegedly been escalated to FSA. We shall wait and see what happens


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184

people need to ask FT, where the eff are my shares being held, in what account? :woozy_face:

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185

I’ve put a complaint in too. Hopefully Freetrade will do the decent thing and sort this issue .

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186

My complaint has been acknowledged and rejected with no real reason given. Off to the FSA we go and let’s see what they say.

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187

Yes, mine was rejected as well. I received a lengthy response that didn’t provide any meaningful explanation or clear reason for rejecting my complaint.

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188

Does anyone have an update or managed to make any progress with this?

189

Not heard anything. I assume it is hoped that it will just go away!

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191

I have just had an message saying that I can now transfer my POLY shares to AIX but they will be held in digital form and not paper. You then get a list of brokers (about 40) that you can sell to. I have just emailed them all asking if they would even let me sell to them, I only hold 87 POLY so a tiny amount. Will post again when I hear anything back from them. Issue is if none of them want to trade with me, then holding digital shares on AIX is no different to current scenario with Freetrade afaics. Full disclosure, I don’t have the faintest idea about shares, I just randomly buy stuff.

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192

Further to above got an email this morning from info@ecap.kz stating

Thank you for your inquiry.

To begin, you need to open a brokerage account with our institution to gain access to trading on the Astana International Exchange (AIX). The following documents will be required:

  1. An identity document (passport or other official identification).
  2. Contact information: residential address, postal code, email address, and phone number.
  3. Taxpayer identification number in your country of residence (supporting document).

Once the account opening process is complete, you will need to transfer your shares to the new brokerage account with us.

The service fee for selling securities is 0.05% of the transaction amount, but not less than 1 MRP (on the organized market).

1 MPR = 3692 KZT (7.59 usd)

This seems to be a reasonable way out of this mess, fingers crossed it’s legit!

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193

Interesting ,

I got the same email from FT . Who did you contact regarding the 2nd email you received .

It’s all a little complicated.
Info@ecap ???