In order to purchase shares in the company, you first need to open an account with a stockbroking firm that trades shares listed on Vienna Stock Exchange.
The ticker for Wealth Dragons Group Plc is WDG.
At present, there are only limited number of retail brokers that have listed our ticker on their systems but we anticipate that the number will grow. While we are unable to recommend any brokers under the FCA rules, we will publish, to our knowledge, details of any participating brokers for your information only.
Disclaimer: The listing above does not constitute recommendations of any brokers. The past performance of any investment is not necessarily a guide to future performance. The value of investments or income from them may go down as well as up. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. You may not necessarily get back the amount you invested. Please ensure that you fully understand the risks involved. If in doubt, please seek independent financial advice.
As with buying shares, you will need to open an account with a participating stockbroking firm.
The ability to buy or sell shares in a listed company is subject to the number of participants in trading these shares. This is known as the liquidity. As a relatively recent entrant to the market, our shares’ liquidity is extremely limited due to two factors.
Firstly, many of our existing shareholders bought our shares through the Enterprise Investment Scheme (EIS) prior to our listing. Under EIS, our investors are prohibited from selling their shares for three years due to the generous tax relief offered by HMRC. Secondly, the recent Covid pandemic has discouraged many people from buying shares in companies that are new to the market.
As a company, we have always encouraged our investors to invest for the long-term. The liquidity of a company on a stock exchange increases over time and we have plans to ensure this will happen. Meanwhile, the shares in Wealth Dragons are traded on a “match-bargain” basis, i.e. matching willing buyers and sellers. Until our liquidity improves, finding willing buyers for shares remains the responsibility of the sellers.
We will keep you up-to-date on our progress with this and rest assured that it is in our company’s best interest to increase our liquidity.
Under the stock exchange rules, the company and its Directors are prohibited from treating individual investors favourably by carrying out a share buy-back from any individuals.
For live market data, go to https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BGMGZR93&ID_NOTATION=261954089
EIS or Enterprise Investment Scheme is a UK government scheme where Her Majesty Revenue and Custom (HMRC) allows a qualified company to offer its shares to investors who can enjoy a significant tax relief by investing in the company. For example, if an investor invests £10,000 in a company through EIS, the income tax relief will be 30 percent or £3,000.
Wealth Dragons obtained authorisation from HMRC to issue shares under EIS on 11th May 2017.
No, EIS is only for UK income taxpayers only.
For all shareholders’ enquiries, please email [email protected] or call 01908 032432.
Yes, they will be published in our impending Annual Report and Annual General Meeting (AGM) and the dates will be announced as soon as possible.
Wealth Dragons Group Plc
Linford Wood Business Centre