I understand that after the acquisition of Just Eat, the new company has started compulsory buying of the shares. How will this work for our shares?
Check just eat investors relations. I think we will receive 0.12111 or something shares of JET for every share of JE. Just been difficult because of the CMA stepping in, I’m assuming they’re allowed to go ahead with the merger now
@Alien @cavanhagan Once the compulsory buying ends (March 20), you’ll receive the cash proceeds, which you can use to purchase the new company’s shares. Unfortunately, we don’t have the capability to distribute stock, yet.
Oh shame, so we’ll just get a payout at the share price at that time?
@cavanhagan Yes, exactly.
We’ll work on developing a way to distribute stocks in the event of such corporate actions.
@David Now the shares disappeared from my portfolio, but I can’t see any money in its place. Would you please clarify.
Thank you, found it.
Having the same issue although I can’t see any note or confirmation of payment. I’ve been in touch with support and it’s been escalated, but I’ve not heard back. It looks like the stock disappeared from my list without giving any payment?
Also tried selling JE before this happened and it kept the stock sale pending until it disappeared one day. I really need some sort of a breakdown.
I would expect the payment to be issued pretty soon.
I cannot give a timeframe as this is not something I have personally experienced as of yet, but you have all of the trade confirmations via email sent from Trading212, thereby proof of purchase and eventual sale etc.
If you have already escalated this with Trading212 I would just sit tight for a email back from them and await the payment of funds etc.
Sorry I can’t offer much else advice, hopefully staff here or someone else a more detailed answer for you.
@WillSquire The funds you initially invested have been “unblocked” & become “free funds”. As for the profit from (closing/acqusition price - avg. opening price) x quantity, you can find it in your transaction history, It’s been added on 09.04.2020 10:02:29 GMT+1.
Thanks for the fast responses. I can see a note adding some funds (was looking on the mobile notifications before and it doesn’t show this), but I can’t see a note regarding the initial funds being reallocated?
The funds would have been deposited into your free funds without any notes. All you will find in your transaction history is either a deposit or a withdrawal, depending on whether you made a profit or a loss. So for example the value of the Just Eat shares at the time of the last close was put into my free funds. I then effectively made a loss because of the merger, so in my transaction history I got this
This was the loss, so they withdrew it from my free funds and took it back because it was never really mine. Yours might be a deposit if it was profit. You’ll see the note that identifies it when you click on it. Hope this helps