What happens when there is a stock split or consolidation?
You will receive the equivalent value of shares at the new price. Entitlements will be calculated by us. • What happens if my stock is taken over by another company? The value of the shares held at the takeover price (cash equivalent) or the last traded price (whichever is the greater) will be credited to your account. We will be deemed to have closed the position for you. • How often are the league tables updated? The values and positions in the tables are calculated every 30 minutes during the trading day. The time they were last updated is show on the page. • I have just shorted a stock, why haven’t I paid any stamp duty ? Stamp duty is only charged when a stock is bought. If you short, this is classed as a “sell” and you do not pay stamp duty. But you will be charged when you perform the closing transaction (the “buy back”) as this is classed as a “buy”. This is the same as in real life.
