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. However, you still own the same percentage of the companies before. Often when a stock delists from the major exchange, it starts trading Over the Counter (OTC). However, this isn't true in all cases and in some cases your investment may be lost.
If a stock delists and starts trading OTC, we'll aim to notify you about the OTC instrument available to you to sell your full position. When we receive an instruction from you to sell, Drivewealth — the executing broker — will aim to have the trade executed within two working days. However, this might be subject to delays.
If we don't receive an instruction from you, the stock will remain in your portfolio but only with indicative prices.
There may be circumstances in which the stock is delisted and our third-party broker might liquidate your open position on your behalf. In these cases, we'll aim to communicate this to you in advance. Any proceeds from the liquidation of your position will be credited to your Trading account.