The Lemon Fool

I am not sure if this has been raised before, so here goes.

Through ii I placed a quantity of CRWN shares for the next buy back. On 4th April I was advised that the shares had been bought , however the settlement date was given as 14th April. A CRWN RNS confirmed the buy back on 4th April.

Is such a long settlement period standard for buy backs, as it seems far to long nowadays?

Many thanks for any comments.

IJ

IJ49 wrote:I am not sure if this has been raised before, so here goes.

Through ii I placed a quantity of CRWN shares for the next buy back. On 4th April I was advised that the shares had been bought , however the settlement date was given as 14th April. A CRWN RNS confirmed the buy back on 4th April.

Is such a long settlement period standard for buy backs, as it seems far to long nowadays?

Many thanks for any comments.

IJ

I have had a look at VCT buy-backs in my HL account over the past year, and have found settlement periods ranging from 1 day to two weeks.

I've only sold one VCT (Proven) to a Buy-back. The settlement period was 14 days.

I sold two others into the open market, and the settlement periods were both 2 days.