Bulk trade bid successful
The bulk trade bid for the following stock line has been accepted by clients holding the majority of the stock:
- Auchentoshan, Malt, First fill bourbon, 2013 Q2
- Offer price: £6.05 per LPA – a 5% premium over the current price on the WhiskyInvestDirect platform
This means the bid has gone unconditional, and those owners who have accepted will sell their Auchentoshan single malt, 2013 Q2, First Fill Bourbon at £6.05 per LPA. The buyer is pitching to buy the entire stock line and there is still time for the remaining holders of the stock line to accept the bid. This opportunity closes at 5pm on Wednesday, 26th September, 2018 (BST).
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.
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.