The Lemon Fool

TheMotorcycleBoy wrote:

simoan wrote:Strange set of options. I’d do the same as you suggest in the circumstances. Not heard anything from my broker yet. Wouldn’t surprise me if I heard nothing!

Actually it's pretty damn stupid IYAM, you aren't even allowed to enter zero as a quantity.

So I guess my only recourse is just to leave the Corp. action un-actioned.

Matt

Not a problem for me as I’ve heard nothing from my broker (IG). So no hassle at all taking the option I want!

I would have thought that they have a legal requirement to let you know, TBH.

TheMotorcycleBoy wrote:I would have thought that they have a legal requirement to let you know, TBH.

Maybe they do, but they normally trump any legal necessity with incompetence where corporate actions are concerned. If I wanted to exchange I’d contact them to find out what’s going on, but I don’t, so I can’t be bothered.

simoan wrote:

TheMotorcycleBoy wrote:I would have thought that they have a legal requirement to let you know, TBH.

Maybe they do, but they normally trump any legal necessity with incompetence where corporate actions are concerned. If I wanted to exchange I’d contact them to find out what’s going on, but I don’t, so I can’t be bothered.

I see. I looks as if I should just ignore the corp action notification.

Of course I could phone my broker or web chat my broker. If I want to waste about 30 minutes of a day.

Looks like the exchange offer was heavily oversubscribed, so a big thumbs up for Kenvue. Anyone exchanging more than 100 shares will be scaled back:

https://www.jnj.com/johnson-johnson-ann ... ange-offer

All the best, Si