Hi everyone,
I received an email from Freetrade a couple of days ago regarding my holding in Solidcore Resources Plc (the old Polymetal). Since the delisting from the LSE and the move to Kazakhstan, these have just been sitting as untradeable "zombie" shares in my portfolio.
Freetrade has now confirmed they won't be able to facilitate trading and have offered two main paths:
1. Transfer to AIX Registrars: Move the holding to a personal account in Kazakhstan and find a local broker to trade on the Astana Stock Exchange.
2. Stay Put: Keep the shares in Freetrade (nominee) but remain unable to trade them.
The email also warned about the lack of UK GDPR protections if I move my data/holdings to Kazakhstan.
Given that I have a relatively small holding, I’m trying to weigh up if the hassle is worth it. Is anyone else in this position?
* Has anyone looked into the fees for the AIX-compatible brokers?
* If you’re choosing to "do nothing," are you worried about the shares eventually being cancelled or lost in some future corporate action?
* Does anyone know if there is a minimum holding size where the transfer fees would just wipe out the value anyway?
I'd love to hear from anyone else who got the email this week and what your game plan is.