I know little (nothing?) about shares, the SE, grey markets etc.
I am interested in Co-op Bank shares and have a few questions:
Is it true to say that all Co-op Bank plc shares are held by the Co-op Group and cannot be bought by individuals?
Someone has said that they are traded on the "grey market" - how can that be? Who is buying and selling them? or is it just bonds which are being sold - and why on the "grey market"?
If the people who own the bonds which are to be converted to shares actually get shares - will they be shares in the Co-op Bank plc - and will they be able to sell them on the SE.
If I look at the page on the SE: CPBB CO-OPERATIVE BANK PLC 9.25% NON-CUM IRRD PRF #1
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What has actually been traded in the "last 5 trades"?TIA