Merian Chrysalis Investment Company Limited IPO

The application stage for the Merian Chrysalis Investment Company Limited IPO is now over. If you missed out you’ll be able to buy shares on the London Stock Exchange.

What happens next?

If you have applied for shares, confirmation of your application can be found at the bottom of your account statements.

Shares are scheduled to start trading on the London Stock exchange on 6 November 2018.

For further information, please take a look at the Merian Chrysalis Investment Company Limited IPO frequently asked questions below. Alternatively please email services@share.co.uk or call us on 01296 41 46 75.

How can I apply?

The application is now closed, so no further applications can be accepted.

What price do I pay for each share?

The share price has been set at 100p per share.

What is the closing date and time for applications?

The closing time and date for us to accept applications was 31 October 2018 at 12:00pm.

Can I cancel my application?

It’s not possible to cancel your application.

How do I pay for the shares?

Before you can apply for the shares, you must ensure you have an open account with sufficient funds, and you must have passed recent Anti Money Laundering checks.

How do I credit funds to my account?

You can credit funds to your account using your debit card during the application process. Please note that on occasions large amounts paid in using your debit card may be referred to your bank. You may need to contact your bank first to inform them of your intended transaction. Your ISA must be for the current tax year (2018/19) and not fully subscribed to be able to pay in further money. If you have an available cash balance in your ISA (built up from income or sale of shares), you can use these funds to apply for the offer. Please call us on 01296 41 46 75 to discuss your specific ISA requirements.

I want to pay funds into my account online but my debit card details need updating

You can change your debit card information online by using the ‘change’ button. If you experience any problems please call Customer Service on 01296 41 46 75, Monday to Friday between 08:00-18:00 and after going through security, we will remove your old debit card details within one business day of your request. You can then add your new debit card details online, authorise the payment to your nominee account and proceed with your application.

Do I need to have cleared funds to apply?

Cheques and debit card payments up to the value of £249,999 will be made available straightaway (money above this amount will be made available once it has cleared, usually 3-4 working days). CHAPS and Faster Payments are usually received on the same day they are transferred. Your bank will have cut off times for the same day transfer. Please allow 2 working days, from authorising your bank to transfer the funds, for us to receive the money. As soon as the money is credited to your account with The Share Centre, you’ll be able to apply for the offer. BACS payments are significantly slower and can take up to 5 working days for us to receive the money. As soon as the money is credited to your account with The Share Centre, you’ll be able to apply for the offer.

How can I see what cash is available in my account?

You can either sign-in to your account as usual and you will be able to see your available cash balance or as part of the share application screens you will see your available cash balance.

What if I have not previously registered for your online service or I have forgotten my password?

If you do not have a password to access your account or you have but cannot remember it, go to the sign-in page of share.com and follow the forgotten password / create new link. Anti-Money Laundering requirements (existing customers) Share dealing, like most other financial services, can be used by criminals as a way of laundering the proceeds of crime. UK anti-money laundering regulations suggest thatwe must re-verify customers from time to time and make sure the information we hold remains up to date. We will attempt to verify your details electronically, but may need you to send in paper identification documents. We’ll let you know should this be the case but this will not affect you being able to apply this IPO. You’ll have approximately 1 month to provide 2 forms of identification in order to keep your account active. After this time your account will have restricted access.

Who is The Share Centre?

The Share Centre began operating in April 1991 to provide self-select share services for personal investors. We are nowone of the UK's leading independent retail stockbrokers with over 260,000 customer accounts, with around 70 per cent of our trading business transacted though our website www.share.com. Our main business is the provision and administration of execution-only trading accounts. Unlike other retail stockbrokers, we provide investment advice and guidance over the telephone at no extra charge.

What is a nominee stockbroker?

All shares purchased through The Share Centre will be held in the name of Share Nominees Limited and are held in trust. You can find out more about how us and the protection available to investors on the ‘about us’ section of our website.

Can I apply via The Share Centre without opening a nominee account?

No. The shares will all be held in a nominee name of Share Nominees Limited. Your specific shares will be shown on your personal account accessible after secure login on share.com.

Can I have a share certificate?

Yes. A small administration charge of £25.00 is charged to cover our costs associated with raising a certificate. Please send your written request to us once you’ve received your email advising you of your successful allocation of shares. Please also enclose a cheque for £25.00, made payable to The Share Centre.

What are the on-going charges for running a Share Account or ISA?

Share Account: £1.80 per month ISA: £4.80 per month – all Valuations & Contract Notes will be sent via email Please note the account fees are debited to accounts on 26th of each month. Additional monthly charge of £2.20 per account if you’d prefer to receive your statements and contract notes by post.

Please note: you can only buy shares in a Junior ISA over the phone. Please open your Junior ISA first using our specific account opening section on our website, share.com. Please ensure you read the initial information gateway page on our website, together with the company prospectus. You must confirm to us that you have read the documents; otherwise you will not be able to proceed with your purchase. You must also supply us with an email address, so we can send you details of your allocation. Please contact our Customer Service team from 08:00 to 18:00 Monday to Friday on 01296 41 46 75.

Anti-Money Laundering requirements (new customers)

Share dealing, like most other financial services, can be used by criminals as a way of laundering the proceeds of crime. UK anti-money laundering regulations ensure we must verify customers to those standards. We will attempt to verify your details electronically, but may need you to send in paper identification documents. We’ll let you know should this be the case but do be aware that this could lead to a delay in opening your account and your IPO application. As part of our online account opening process we issue an activation code for you to enter. It is not necessary for this code to be entered in order to apply for this IPO, but this must be entered before any cash or stock withdrawal is made.

How do I apply?

You must have an open Share Account (excluding Junior Investment Accounts, Investment Clubs & Charities/Trusts) ISA, Junior ISA or SIPP with sufficient cash balance with The Share Centre to apply for the offer. You can apply for a Share Account and ISA online as part of the IPO application.

Do I need to have cleared funds to apply?

Cheques and debit card payments up to the value of £249,999 will be made available straightaway (money above this amount will be made available once it has cleared, usually 3-4 working days). Please note that on occasions large amounts paid in using your debit card may be referred to your bank. You may need to contact your bank first to inform them of your intended transaction.

CHAPS and Faster Payments are usually receivedon the same day they are transferred. Your bank will have cut off times for the same day transfer. Please allow 2 working days, from authorising your bank to transfer the funds, for us to receive the money. As soon as the money is credited to your account with The Share Centre, you’ll be able to apply for the offer.

BACS payments are significantly slower and can take up to 5 working days for us to receive the money. As soon as the money is credited to your account with The Share Centre, you’ll be able to apply for the offer.

What happens if the offer is oversubscribed?

We will continue to accept applications up to 31 October 2018 and should the IPO receive more applications than the amount to be raised, the allocation of shares will be reduced and you may not receive the full amount of shares you applied for; any refunds will be retained in your account with us pending instructions from you.

How do I get my application money refunded?

All refunds will be paid to your Share account, ISA, Junior ISA or SIPP. Withdrawal instructions will be accepted on cleared funds only (please note cheque clearance can take up to 10 working days). To make a withdrawal of less than £25,000 you can use our online withdrawals service, just sign in to your account, and from the ‘My Summary’ page, go to the ‘withdrawals’ tab and follow the instructions. If the amount is over £25,000 your request must be in writing. Please remember, withdrawals from Juniors ISAs are not permitted. The majority of withdrawals are processed within 3 to 5 days from clearance of funds, but please allow up to 15 working days if you’ve recently paid funds in by cheque. All monies will be returned back to source (i.e. to the bank account that the funds originally came from).

If I am successful in the offer, when will I receive my shares?

It is anticipated that the allocation will take place on the 6 November 2018. As soon as we receive the shares they will be allocated to your account and we will send you a confirmation by email, we will not send confirmation by letter, so keep an eye on your email inbox. No share certificate will be issued.

When can I first start to trade my new shares?

We expect dealing to start on a conditional basis on 6 November 2018.

What are the dealing commissions on my account?

You can choose between the following options:

Standard dealing option Frequent dealing option
Dealing option fee - £24 per quarter
Dealing commission £7.50 per deal for trades less than £750, 1% for £750 and above £7.50 per deal
Dealing commission for phone/post/email £20 per deal for trades less than £2,000, 1% for £2,000 and above £20 per deal

Can I use my account with The Share Centre to buy other shares and transfer other shares to it?

Yes, as soon as you’ve completed all our Anti Money Laundering requirements, you can start trading in other shares.

Any other questions regarding the offer?

If you have specific queries regarding the offer you can call our dedicated team from 08:00 to 18:00 Monday to Friday on 01296 41 46 75.

How do I contact The Share Centre?

You can contact our Customer Service team from 08:00 to 18:00 Monday to Friday on 01296 41 46 75, alternatively you can email us at service@share.co.uk.

We can also be contacted at the following address:
The Share Centre Limited, PO Box 2000, Aylesbury, Buckinghamshire, HP218Z