Nucleus financial group epic:NUC was taken over by James Hay and has subsequently been delisted.
This happened months ago.
https://www.investegate.co.uk/james-hay-holdings/rns/offer-wholly-unconditional/202108060700037806H/
Shares are still locked in trade212 - please can someone find out what is happening here. Why haven’t funds been transferred back to shareholders and why are they still locked in trade212
Any clarification would be helpful here
A stock getting delisted does not mean you get your money back. It just means the stock is no longer available for trading on the exchange.
The position is locked because you own the asset but have no means of completing a transaction until it is relisted or the intermediary offers an avenue of exchange.
Hey, @grimamin
Trading with this instrument is currently suspended.
At the moment, we are unable to commit to any deadlines as to when this will change.
Nevertheless, we’ll make sure to let our clients know once there are updates.
So hang on, so let’s say I had £5000 worth of shares and the stock gets delisted, there’s no way of getting my money back?
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:
188 pence in cash for each Nucleus Share
Odd as the cash was due last month to anyone that didn’t vote as the takeover had over 90% acceptance.
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…
Hey, 
Sorry for the delayed response, we are waiting for further details about the closure price from our intermediary. As soon as there is any news, we’ll let you know.