r/DEGIRO•
dgbrtdck

DEGIRO response on Voting rights & Max limit

GME related

I mailed DEGIRO to ask about the voting and max limit on orders.

Their reply :

The voting - You can give voting instructions and they will vote in your name. This will cost 10 EUR in the Netherlands, I think this will be around the same price for all DEGIRO users.

The limit - The limit of the sell order will go up with the stock price. If a stock reaches the maximum limit of 250k or the max limit of a share at that time, you need to sell each stock separately.

Sorry if inglish bad, it's not my first language. DIAMANTEN HANDEN 🇳🇱🦍

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EDIT: Someone found out that if you choose to vote, those shares used for voting could be temporarily blocked for selling as stated here https://www.degiro.nl/data/pdf/ch-en/ISI_Corporate_Actions_Previous_Version.pdf. I don't know if this is only at DEGIRO or if it even will happen, but I think it's important to find out. Nobody wants to miss out on the MOASS.

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EDIT 2: GME shares aren't lent out because of 2 reasons.

  1. They are US equities and we do not offer short US equities.

  2. They are Class D shares and we do not offer short positions on such shares.

So if this is correct it would mean that voting as a DEGIRO user won't have an effect on the share callback. Because there are no shares being lent in the first place.

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https://preview.redd.it/08y9n4iu6yr61.png?width=1080&format=png&auto=webp&s=4d9207df46921221ef55fe83299ab35b9b7d8870

Posted Apr 8, 2021, 1:02 PM UTC · edited · locked

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