Key insights
- Carnival's LSE delisting to consolidate its listing in New York creates uncertainty for UK shareholders. The primary concern revolves around the terms of the share conversion, specifically whether the new shares will maintain equivalent voting rights. While the broker should support US shareholding, the potential loss of voting rights introduces a slightly bearish element for existing shareholders.
Hi carnival cruises is due to delist from the London stock exchange soon so that there is a single unified listing I think New York.
As a UK shareholder of carnival what is me best course of action? Sell before or keep them so that my holding changed to the new unified structure?
I think I get a like for like swop in shares as in 1 for 1 but there is a question mark as to if these shares I will receive are full shares with the same voting rights etc... my broker is Scottish widows which should be fine to hold US shares? does anyone have any incite as what is best to do? Thanks.