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Saturday, March 09, 2019 11:47:44 AM
Does everyone have cash? Question about settlement price.
Has anyone NOT been cashed out?
According to the Citibank notice of termination document dated February 12, 2019:
The Company’s ADR holders are requested to arrange for the mandatory surrender of their ADSs to receive the following cash proceeds:
Gross Rate per ADS: $ 38.267590
Depositary Fee: $ 0.050000
Net Rate per ADS: $ 38.217590
The Depositary hereby gives notice that the net cash proceeds in US Dollars will be available for distribution as of February 22, 2019. The books were closed for issuances and cancellations at the close of business on February 8, 2019.
I'm curious what everyone received for their settlement share price. Please post if you haven't already. It's pretty clear that mine is $37.6791. What's strange is that I was cashed out on Feb. 6th, two days before the books were closed and 16 days before the funds were available for distribution. That's $1,941 less than expected for my traditional IRA. I also had sizeable Arcam holdings in two of my brokerage accounts, well sizeable to me anyway. The combined total is enough for me to say, "It ain't over 'til it's over."
You guys have been great.
charlie T colton, ALL IN
Has anyone NOT been cashed out?
According to the Citibank notice of termination document dated February 12, 2019:
The Company’s ADR holders are requested to arrange for the mandatory surrender of their ADSs to receive the following cash proceeds:
Gross Rate per ADS: $ 38.267590
Depositary Fee: $ 0.050000
Net Rate per ADS: $ 38.217590
The Depositary hereby gives notice that the net cash proceeds in US Dollars will be available for distribution as of February 22, 2019. The books were closed for issuances and cancellations at the close of business on February 8, 2019.
I'm curious what everyone received for their settlement share price. Please post if you haven't already. It's pretty clear that mine is $37.6791. What's strange is that I was cashed out on Feb. 6th, two days before the books were closed and 16 days before the funds were available for distribution. That's $1,941 less than expected for my traditional IRA. I also had sizeable Arcam holdings in two of my brokerage accounts, well sizeable to me anyway. The combined total is enough for me to say, "It ain't over 'til it's over."
You guys have been great.
charlie T colton, ALL IN
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