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Please can anyone help ? I hold my share in HL. What they seem to be offering, if I accept, is that my MWG shares will be sold and Iâll have the cash in 14 days. There doesnât seem to be an option to go for the 1:10 DeepVerge shares, which is my preference. Anyone know how I can do that ? Thanks.
You should have a message telling you what to do. There should be a dark blue option not normally there to the left of the deal option which comes up with a message. Scroll all the way to the bottom and there is an accept button. There's no do not accept, that's just do nothing. Click the accept and your holding goes to 0.00 which means it's committed to the offer and you can no longer sell them. That's all. If you don't have it try contacting HL rather than post on a bulletin board.
What is happening?
The Boards of Modern Water plc and DeepVerge plc have announced that they have reached agreement on the terms of a recommended offer, by DeepVerge plc, for the entire issued share capital of Modern Water plc. As a holder of Modern Water plc Shares within your Hargreaves Lansdown account you need to decide whether you wish to accept the Offer or not.
What are my choices?
Option 1 - You can accept the Offer. Under the terms of this Offer Modern Water plc Shareholders have been offered 1 DeepVerge plc Share for every 10 Modern Water plc Shares held.
Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time.
When do I have to decide by?
Any acceptance must be received in this office by noon on Monday 2 November 2020. If you return an acceptance by the deadline given, and the Offer is declared âwholly unconditionalâ (i.e. is successful), the resulting cash will be credited to your account within 14 days of the announcement.
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the secure message/letter and not on the summary information outlined above.
This is what is stated on the offer Through HL
If you want to accept the offer on HL then you will need to tap on the icon that has a dark blue square with a tick in the square, it will be under the Actions section.
Hope this helps
GLA
NovaC..............!
"Offer is declared âwholly unconditionalâ (i.e. is successful), the resulting cash will be credited to your account within 14 days of the announcement."
I believe this is in ref to any fraction of shares left over after the merger............. :)
......and not in whole............ :)
All the best (10:1 don't forget............ :()
Hi chesh
I have accepted the offer thanks
Appreciate your feedback
Cheers :-)