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What happens to VUK?

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    What happens to VUK?

    Hi I have just returned from a 6 week break and find VUK is no longer listed and I am unable to buy or sell. Have I missed something? Thanks for your help with my investing

    Answer

    Hi Richard, hope you had a wonderful trip.

    Virgin Money (VUK) was acquired by UK building society Nationwide for $5.5bn, which equated to GBP2.20 per share, their shares stopped trading on the ASX on the 25th of September.

    • From the ASX announcement we can see shareholders will receive their money in the next fortnight either by cheque or bank deposit depending what has been nominated.
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    Virgin Money UK Plc (VUK)
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