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Green reit , IRES , Hibernia cannot purchase shares

  • 26-01-2018 7:53pm
    #1
    johnsmyth123
    Registered Users, Registered Users 2 Posts: 6 ✭


    I spoke to interactive investor (new name for TD trading) yesterday.

    They said they will no longer sell shares without KID / KIID documents. Applies to all Irish Reits.

    Anyone have same problem with othe brokers?


Comments

  • #2
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Yes


  • #3
    littlevillage
    Registered Users, Registered Users 2 Posts: 3,384 ✭✭✭littlevillage


    I wonder is there some reason why the 3 Irish REITs cannot provide KID's ? or is it just that they were caught on the hop....and didn't sort themselves out in time for KIID to KID changeover?

    If shares cannot be bought/sold ....that serious.


  • #4
    johnsmyth123
    Registered Users, Registered Users 2 Posts: 6 ✭johnsmyth123


    littlevillage wrote: »
    I wonder is there some reason why the 3 Irish REITs cannot provide KID's ? or is it just that they were caught on the hop....and didn't sort themselves out in time for KIID to KID changeover?

    If shares cannot be bought/sold ....that serious.

    No restriction on sale.

    I cant purchase


  • #5
    daheff
    Registered Users, Registered Users 2 Posts: 5,933 ✭✭✭daheff


    surely though other people can buy the shares?


    Otherwise if nobody can buy...you cant sell.


    So how are the others buying shares? Through a different broker/market maker?


  • #6
    johnsmyth123
    Registered Users, Registered Users 2 Posts: 6 ✭johnsmyth123


    daheff wrote: »
    surely though other people can buy the shares?


    Otherwise if nobody can buy...you cant sell.


    So how are the others buying shares? Through a different broker/market maker?

    I expect it only impacts retail customers. Probably no impact on financial institutions buying shares. As in I can sell to pension fund or the like.

    Also , I wonder if all brokers are treating new rules the same. Other users have posted that they bought reit shares in 2018 suggesting all brokers not applying.


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  • #7
    Wheety
    Registered Users, Registered Users 2 Posts: 5,516 ✭✭✭Wheety


    I have some through Degiro. Looks like I can buy more. Haven't gone through with a purchase though.


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