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Why is it no longer possible to sell my position after I have submitted my instructions?

Certain corporate action instructions are considered to be the same as selling your position in the market. An example would be an instruction to offer your shares in a public takeover bid. As this is considered as selling your position, we are obliged to block your position from market trading. If the corporate action is retracted in the market, your position will be unblocked. In case you change your mind and you would rather sell our position in the market, you will first have to retract your instructions by contacting our contact centre. After your instructions are retracted we can unblock your position and you will be able to sell it.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.