The company was taken over by means of an all cash offer for the company. This has since been completed and the company shares delisted. So can someone explain why funds haven’t been transferred back to clients??
The Boards of James Hay Holdings Limited (“James Hay Holdings”) and Nucleus Financial Group plc (“Nucleus”) are pleased to announce that they have reached agreement on the terms of a recommended all cash offer to be made by James Hay Holdings, pursuant to which James Hay Holdings is to acquire the entire issued and to be issued share capital of Nucleus (the “Acquisition”). The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Nucleus and the Nucleus Shareholders under Part 26 of the Companies Act 2006 (the “Scheme”).
Under the terms of the Scheme, which is subject to the Conditions and further terms set out in Appendix 1 of this Announcement, and to the full terms and conditions to be set out in the Scheme Document, Nucleus Shareholders will be entitled to receive:
Exactly my thinking. All I have is a share holding locked in with the header
“The company has been delisted. Further information is to be disclosed”
Been holding since Nov 2020 and never received any communication from trade212 over needing to accept the offer so presumed when it went wholly unconditional that funds would be automatically returned at the offer price…