If you do not avail of a tender offer, this means that you wish to keep your shares.
Just note that if the stock announced an intent to delist then availing of the tender offer or selling the shares in the market would be a better option.
To delist would mean that the stock company plans to be taken out of the stock exchange at a specific date. Should you have shares after the delisting date then you would need to convert your scripless/electronic shares into stock certificates which will entail:
- submission of originally signed forms,
- payment of fees (P150-P162) and
- sometimes personal appearance at the company's stock transfer office.
For instruction on how to uplift/ convert your scriptless shares into stock certificate, kindly click this link : How can I withdraw (or uplift) my stock positions from COLFinancial?
Stock certificates of delisted companies will be kept by the shareholders, will no longer reflect in your COL portfolio and would be more difficult to sell. Selling stock certificates will be done through the stock transfer office rather than the stock exchange and is subject to capital gains.