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Upcoming spin-off by GlaxoSmithKline PLC

We want to notify you about GlaxoSmithKline PLC’s spin-off scheduled for the 18th of July 2022. It will result in the establishment of Heleon PLC as a new legal entity. This corporate event will impact only the CFD (GSK.L).

JFD will not offer the quoting and trading of the newly established company. Hence, all clients who have had open positions on GlaxoSmithKline PLC when the market has closed on 15/07/2022 will receive the cash equivalent of one share of the newly created entity at the ratio of 1:1. Thus for every 1 stock held in the existing company, they will receive the cash equivalent of one share of the newly created enterprise.

Important - all clients who have held short positions in GlaxoSmithKline PLC’s CFD will receive a short position in Heleon PLC with an open price of zero. Once the new shares are allocated, the trades will be closed at the first available market price. The final amount will be deducted from the clients’ trading accounts.