What happens if there is a corporate action on a position I hold?

Generally, there are two types of corporate actions a company can decide to take. For shareholders, participation in these corporate actions is either voluntary or mandatory.

In case of a voluntary corporate action, those who are eligible to participate can decide whether they would like to participate. This usually means that they have to perform some action, such as signing up for the corporate action. Examples of voluntary corporate actions are a rights issue, an IPO, or a tender offer.

With mandatory corporate actions, those affected by the corporate action do not have a choice in participation. Shareholders of the company that performs the corporate action will automatically participate in the corporate action. Examples of mandatory corporate actions are a (reverse) stock split, a name or ISIN change, or a spin-off.

As mandatory corporate actions can be relatively minor, occur quite frequently, and there is no way for you to opt in or out of such a corporate action, we do not inform you of any upcoming mandatory corporate actions. 

In the case of voluntary corporate actions, we will inform you on a best effort basis via e-mail and/or a notification in the Trading Platform.

Please note that it is ultimately the shareholder's responsibility to stay up to date with regard to any corporate developments of the company whose shares they hold.

Information on all types of corporate actions can usually be found in the Investor Relations or News/Press Release section of the website of the relevant company.

In addition, we always try to inform our clients on a best effort basis of any voluntary corporate actions that affect them as soon as we receive the necessary information from our custodian. We will not notify our clients of mandatory corporate actions.