As an investor in HTZ Hertz Global Holdings, Inc. (HTZ), you're probably aware that on the 30th of October, the company was delisted from the NYSE Stock Exchange. The shares are now being traded Over-the-Counter (OTC).
Unfortunately, stocks traded on an OTC market are not permitted to be held in an ISA. We have an obligation to remove any such holdings from ISA accounts. If you hold such stocks in an ISA and have not sold it yourself, we will liquidate it on or around 3rd of November. The proceeds will stay in your ISA, which can be used for reinvestment in the same stock trough your Invest account.
Clients who have holdings in their Invest account will be able to trade without any restrictions after 3rd of November, and until then, they can only sell their shares.
All CFD positions will be closed at last available price Bid: $1.7232 / Ask: $1.8468. On the other hand, $0.8552 will be the closure price for all Invest/ISA. The respective exchange rates are the following:
GBP/USD - Bid: 1.30058 Ask: 1.30073
EUR/USD - Bid : 1.17175 Ask: 1.17191