The Amundi Russell 1000 Growth UCITS ETF has been removed from 212 but there is no actual explanation of what will happen to our existing shares (other than that any due proceeds will be distributed when the terms of the event are confirmed).
Does this suggest that the shares will be sold? If so why did 212 not inform people about this and provide a deadline?
Does anyone know what is the timeframe for this being sorted out?
The instrument was delisted on July 9th, and we’re currently awaiting further information. I also shared this in the daily corporate events post here. Once all details around the event are final, we’ll reflect it and provide all shareholders with additional information right away
Could you please give us an update on what is happening with this ? This seems to have been sorted out by other platforms a month ago, but there are no updates from 212 - and no indication when this will happen.
I am struggling to get a proper answer regarding the allocation of the new shares. This looks like it has been implemented by other brokers weeks ago and we are still up in the air.
We understand you are in contact with the intermediary, thanks for the effort.
But could you please explain why other platforms were able to implement the very same allocation and trading 212 still not able to? We just need to understand the actual process and why it is behind compared to other platforms.
Thanks.
Unfortunately, our intermediary is unable to offer trading with the new instrument just yet. Since the difficulties are on their end, we cannot give any ETA or provide more details. Still, we are actively monitoring the situation, and you can be sure that we will complete the distribution as soon as it is possible
In which case, why do you not liquidate the shares and distribute them appropriately… this could go on for months otherwise. I’m afraid I’m rapidly loosing faith with this platform.
The issue is that we dont have any relation with Your Intermediary. And i believe trading 212 should have an active approach to solve this on behalf of their clients, instead of the very reactivate "we are monitoring the situation " that is being said for months now.
Is this ever going to be resolved? It’s been over 3 months and nothing has been done.
Just saying ‘we don’t know?’ isn’t good enough.
Our assets have been frozen for no good reason. We need a resolution to this.
Hello !
Any news ? I read that the MWOW ETF with which the old one was merged is available on IB. Is this good news for us? Can we hope for a solution at last ?
Thank you.
I heard the same, users on interactive brokers already sold their shares using MWOW couple of weeks ago.
I texted trading 212 and they said we dont have any updates. This is really weird.
Oh no … That’s not a good news … Is there any other solution to get our money back T212 ?? Transfer our shares of this ETF to another broker ? You have to do something …
I am waiting for an official response from T212.
I am sure we will get our money back one way or another.
We were not notified in the first place.
T212 used IB as a reason, which is not a valid reason for us as we dont have any business with IB.
Now this reason is gone, i am waiting to get a response from T212. But I am sure we will get our money back as all the chats, emails and complaints are documented.