RSGL - Amundi Russell 1000 Growth UCITS ETF

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?

gm

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Hey, @GeorgeM :wave:

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 :pray:

Hi thank you for the update.ajbell has now converted existing holdings of amundi russell 1000 growth gbp as ticker mwot IE0005E8B9S4 .regards

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Hi,

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.

george

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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.

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We’re currently in contact with our intermediary and will update you as soon as there’s any news on how the event will be handled.

Its been another 2 weeks and still no updates and no information.

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Nothing has changed since my last reply, and we’re still waiting for updates. I’ll let you know once there’s any news :fist_right::fist_left:

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.

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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 :pray:

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.

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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.

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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.

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Yes, we need a quick solution !

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I’m sorry to disappoint you, but there aren’t any updates. I’ll update the thread once there’s any news.