If I accept a takeover offer on my shares, can I still sell them in the market?
If you have already accepted a takeover offer on your shares, you may not be able to sell them. As part of your acceptance, your shares will be moved onto an assented sedol in order for us to reflect your acceptance and to prevent you from selling after we have made an election to the market.
If you wish to sell, we may be required to withdraw our election for all clients. In some cases this may be too late and we may be required to buy the shares back if you wish to continue to sell (you may be liable to cover any price difference, commission and other fees levied as appropriate).