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If you want to give your corporate action instructions there are two options available to you:
If you have missed the deadline date we can no longer take your instructions.
If you wish to alter an instruction you can do this online up to the advice date.
We won’t inform you if any of your current or previous investments are involved in legal cases (including class action law suits).
You can request a copy of an annual/interim report from the company's registrar. Alternatively, you can use the Investor Meet Company service.
Please note, Investor Meet Company is a third party service so we recommend using a strong, and different password to your other online services.
This can vary, but normally we will tell you about a corporate action once the company has sent out the official documentation to shareholders. Halifax Share Dealing won’t contact customers as a result of press or market speculation.
On some occasions when a corporate action doesn't affect your holding, and no action is required by shareholders, no prior notification will be sent and only a confirmation will be sent after the event.
The cash will be paid into the nominated account.
Yes. This can be done online or via the app and the cash can be reinvested from the date it is credited to your account.
Yes. This can be done online or via the app once the cash is credited to your account you can withdraw the amount to your Nominated Bank Account.
When a rights issue takes place, shareholders are given the option to purchase additional shares at a discounted price.
If you choose to take up these rights then you'll be allocated new shares on receipt of your payment and completion of the event. These shares will become ordinary shares and will be tradeable at the current market price.
By not taking up the rights you will not lose any shares, rights are offered by a company at a discounted price in addition to your existing shares.
Please note: while you won’t lose any existing shares your share holding will become more diluted as there will be more shares on a stock market.
When a company announces a rights issue, holders of the stock will be issued ‘nil paid rights’ which each represent a ‘right’ to buy a new share.
As these ‘nil paid rights’ are tradable on the stock market, they are apportioned a value using the book cost of your total share holding.
If you choose to take up your ‘rights’ and purchase additional shares, the new shares will be given a book cost which includes both the discounted offer price you paid and the stock market value of the nil paid rights.
Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.