eToroTeam @eToroTeam: "📢 $NEL.OL Spin-off 📢 We would..."

eToro

📢 $NEL.OL (NEL ASA) Spin-off 📢 We would like to bring to your attention a recent spin-off event on $NEL.OL ⚠️ A spin-off is the creation of an independent company through the sale or distribution of new shares of an existing business or division of a parent company. 👉 How will eToro handle this spin-off event? 1️⃣Users holding BUY positions in the underlying asset will receive shares in the underlying asset of the spun-off company relative to the terms of the event. To receive shares in the spun-off company, you’ll need to update your W-8BEN via the eToro platform. If it’s not up-to-date when the shares are distributed, you will receive the cash equivalent instead ➡ www.etoro.com/watchlists?action=fin&deepLink=w8ben&intro=true 2️⃣Users holding a CFD BUY position will receive a cash equivalent relevant to the event terms. 3️⃣For users holding a SELL position the proportional cash amount will be taken from their available balance. ⚠IMPORTANT! As the parent company's value will change in response to the spin-off event, some positions may close. CFD positions that close with a loss in excess of the invested amount will show a close rate that equates to zero value and any loss beyond the invested amount will be deducted from the cash equivalent that represents the spun-off company. Thank you, - The eToroTeam

2 Mentioned

NEL.OL

NEL ASA

NEL.OL

NEL ASA