Bulk trade bid successful
The bulk trade bid for the following stock line has been accepted by clients holding more than 20,000 LPA of the stock:
- Glen Garioch, Malt, First fill bourbon, 2014 Q2
- Offer price: £5.45 per LPA – a 6.6% premium over the last price on the WhiskyInvestDirect platform
This means the bid has gone unconditional, and those owners who have accepted will sell their Glen Garioch, Malt, First fill bourbon, 2014 Q2 at £5.45 per LPA.
The buyer is pitching to buy the entire stock line (50,098 LPA) and there is still time for the remaining holders of the stock line to accept the bid. This opportunity closes at 5pm (GMT) on Friday 16th November.
Trading in this stock line is suspended for the period of the bulk trade bid.
If you hold any of this stock line, you will have received an email to the email address registered on your WhiskyInvestDirect account advising you how to proceed. If you are not aware of this email, please contact us at support@whiskyinvestdirect.com from the email address registered on your WhiskyInvestDirect account.
What is a bulk trade bid?
A bulk trade bid is the ordinary way for stock to exit the platform and for stock owners to realise their investment. It is the easiest way for an industry buyer to pick up a significant quantity of the whisky that they require for blending or bottling.
Stock owners are not obligated to accept this bid but by not doing so risk retaining ownership in a low liquidity stock line with reduced attractiveness to potential future industry bidders.
Previous bulk trade bids
How to buy maturing Scotch whisky
Open an account - try out buying and selling with a free sample.
Transfer funds - make a bank transfer to your account.
Buy whisky - choose which distilleries on our live order board.
Validate your account - upload photo ID and bank statement.
Review whisky investor account examples and learn more.