Hello @Team212 @David and others
There is a talk that Tiziana Life Sciences (TILS) will be conducting a demerger soon. Indications are that current shareholders will get x amount of shares at the new company.
How does it work with T212? Do I have to notify admin team here when I will find out new company name? Or is it an automatic process and I will wake up one day with another company in my portfolio?
Thanks!
@Andy The process is automatic but unfortunately, weāre not able to provide the new shares. Youāll receive the cash equivalent which you can use to purchase the shares.
Never heard of this before (in stocks but seen in crypto with hard forks and youād get the same amount of crypto in new coin as you held in former aswell as keeping the former) so, I am looking forward to finding out about it.
Whats the outlook on current price then? Down for the short of current?
Thanks David. What are the chances of adding a new company very quickly on the request, so that the cash equivalent pumped straight into new co? I canāt imagine there will be just me invested in TILS at this stage
Why assume down?
Demergers (not always but often) are essentially a āsum of the parts donāt equal the wholeā kinda equation.
Ie. If you spun out X from Y then X gets greater visibility as a stand-alone entity and can be appraised more accurately - and most people therefore assume appraised up!
Lots of examples of this historically. Iām so old I immediately think of Biffa being separated from Severn Trent. But Iām sure thereās more modern day equivalents.
DYOR - I know nothing of this specific company
Either way it seems you canāt really partake via T212 as per the above any way
Just in cryptos its easier for me to see whats happening. Its the first Iāve came across it in this sphere so intrigued as to what people think may happen to it.
@David is there a timeline in which shares can bought for receiving the cash equivalent before demerger takes place?
Looks like StemPrintER spins out 25/6 (tomorrow) as far as I read the RNS disclosure
Hi. I would also be interested in knowing about this demerger process for TILS. Have there been any updates since your last post @David ?
Thanks.
@rufnek2kx The spin-off date is still TBA.
@David Thank you. Thatās understood. Just wondering what the current practice is.
Above youāve mentioned that the cash equivalent will be provided. Would that count as a deposit or special dividend? Iāve already maxed out my T212 ISA account deposits for the year so wondering if that would have an impact on the cash I receive in place of shares.
Itās not a new subscriptionā¦ it a ācontinuing investmentā for tax purposesā¦ you had 100 ā¦ now you have 80 and 20, for exampleā¦ so 2 assets instead of 1ā¦same valueā¦ no āadditionalā monies added to the ISAā¦
You canāt classify something as a dividend without it being a dividend. It carries tax implications in certain circumstances.
Your cash would hit your account as a āsaleā Iād imagine as a ādepositā would look like new moniesā¦
Iām invested too and also wondering if the new company will be available to trade on T212 immediately. I just assumed we would get the shares in the new company, didnāt realise they could be āsoldā on our behalf. Is it possible to explain what exactly happens here??
It would also be good to know if the Accustem shares will be available to trade either immediately or very shortly after the company is listed as I donāt see the point in buying further TILS shares if we wonāt be able to fully benefit from the Accustem portion of the current price. appreciate it may be hard to comment until further details are released of the demerger process.
Thanks
Iām also invested in Tils and was also disappointed to learn I was not able to receive StemPrintER shares.
So what will the process be?
Will the Stemprinter IPO be available on 212 when it demerges?
Will we have an option to purchase these shares at fair value?
We the money be paid the same day as Stemprinter is on the market?
Can someone from T212 explain exactly why this is?
As a shareholder I got the option for buying additional shares in DeLaRue even though my name isnāt on the registry but when it comes to getting FREE shares in a new company likely to sky rocket am I to be left with only part of their value?!!!
How do I move my shares elsewhere so I get the demerger split off in Accustem? Currently running at a loss so donāt bother saying sell them and buy back with the proceeds unless T212 are filling the gap.
Also how do Trading 212 calculate the cash equivalentā¦is it based on the value per share Tiziana assign to StemPrintER the moment the new company goes to market?
Just adding my voice to second the questions above - could really do with more clarity about this (and ideally being given shares instead of cash if possibleā¦ 
)
Very much agree, shares should be allocated to Tils holders
@David T212 really should have sufficient time to sort this out. Accustem, the company StemprintER will be demerged into, wonāt be āliveā until October/November according to the CEO at a conference earlier this week.
@Team212 Lots of unanswered questions on this thread re: Tiziana and Accustem spin-off Would love a little clarity please