Does anyone know what’s happening with the Woodside Energy shares that have been frozen by Trading 212 after the delist from the LSEG? The app still advises that it is awaiting an update, but where from? I have been in contact with the LSEG and Computershare ( who I understand might be their registrars) and it seems that any unsold shares should have been transformed the Australian stock market on a 1:1 replacement basis. This should have happened on 29th November 2024. We are almost at the end of January 2025, some 2 months later.
Have you checked if trading212 support the segment of the ASX the new shares are on (if not your shares should be sold and cash returned by now).
https://www.woodside.com/investors/lse-delisting
It should have all happened by now - you should message 212 in app, asking what action they have taken.
I would have expected 212 give you ASX shares if supported, return the cash value, or offer to convert ASX to the US ADR listing.
There is also a corporate actions thread on this forum, have you checked that?
Welcome to the Community, @CYates
I checked this further with the team and can confirm that the LSE listing of Woodside Energy has been cancelled, as the trading has moved to the Australian Securities Exchange Ltd (ASX). Since we do not have access to ASX, positions with the instrument will be liquidated. Once done, we’ll distribute the proceeds to all shareholders and send a notification. We appreciate your patience
Dear Momchil,
Thank you for your response. Regrettably it does not explain why we have had to wait over 2 months for this to happen and what the timescale is going forward. This information could have been made available as soon as you had embarked on this action, to allay fears as to to what was happening. Transparency is always the best policy.
Can you please advise how long you anticipate these actions will take.
Kind regards
We’re waiting for updates from our intermediary about the event. Unfortunately, we cannot provide any ETA for now as this is purely external. As soon as there’s any news, we’ll let you know.
Hi there, any news yet re the Woodside delisting? Very disappointing that I don’t have access to my funds yet. It will be 3 months since the delisting at the end of this week! I’m sure that Donald Trump would have got an answer by now! Thank you
Hey, @CYates
We have received an update, and our custodian is in the process of finalising the event. While we still can’t share an exact ETA, we’ll reflect the event as soon as possible on our end. Nothing has changed when it comes to the way the event will be handled - all positions will be liquidated and the proceeds will be distributed to all shareholders.
Hi Momchil, thank you for the update. I look forward to hearing further. Kind regards, Carole
Hi @Momchil.G
Any news on the Woodside delisting? It’s getting towards the end of the financial year and it would be helpful if I could offset some of this loss against capital gains tax.
Kind regards
Carole
We’re working on selling the shares and paying the cash proceeds to the eligible clients. The process is expected to be completed by the end of next week.
Thank you. Fingers crossed
Quick update - we are experiencing a delay with the event from our counterparties. I’ll keep you posted.
Thank you for updating me. Not ideal, but at least I know. Kind regards, carole
Hi there, just wondering if there’s been any more news? Very conscious that tomorrow is the last trading day of the tax year. Many thanks
We are currently working on liquidating the ASX shares and distributing the cash proceeds. However, we depend on our custodian for this, and the proceeds will likely be distributed early next week.
Thank you. Presumably the date of liquidation will be provided for capital gains tax/loss purposes. Regards, Carole
Thank you for the update! Can you please confirm what will happen with the dividend that was recently paid but not received by us?
Nice surprise today receiving my Woodside dividend. Hope yours has arrived too!
Yep, I just got it!
Great news! Fingers crossed that the outstanding balance will be received soon