Support Centre for Saxo Bank A/S

What can I do if my position is delisted?

When a stock is delisted it stops trading on the exchange. This can happen by choice, such as a company taking its stock private, or involuntarily, for example if the company doesn't meet the exchange filing requirements or the per-share value drops below the exchange minimum.

If you hold a stock that is delisted it will be clearly indicated in the position list:

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It may not be necessary for you to take any action, but there are many possible scenarios - so if you have any doubts, you should contact Saxo Bank's support team via our platforms - Saxo Bank will then determine the impact on the position and provide you an update.

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The following is an example of a delisting due to a merger (Ventas bought American Realty Capital Healtchcare Trust in February 2015), where no action was required from the client who held shares in American Realty.
 

First, the American Realty-stock stopped trading on the exchange and were marked as "delisted":


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Then the delisted shares were replaced by shares in Ventas. This could be seen in the "Trades Executed"-report as a "buy" of the Ventas shares and a simultaneous "sell" of the American Realty-stock for the same value:

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And finally only a new position in the Ventas stocks remained on the client's account:

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