What happens to my stocks if a company is delisted?
When a company is delisted, its stock no longer trades on one of the major stock exchanges, but you still own the same percentage of the companies before. Often when a stock delists from the major exchange, it trades Over the Counter (OTC), however this is not true in all cases and in some cases your investment may be lost.
If a stock delists and now trades OTC, we will notify you about the OTC instrument available to you to sell your full position. There will be no market data within the app and as such, the estimated share price is set to $0.01. The execution price will vary in line with the market and as such will differ greatly from the estimated price. Once we receive an instruction from you to sell, we aim to have the trade executed within two working days.
If we don't receive an instruction from you, the stock will remain in your portfolio but only with indicative prices.