CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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What are top-ups?


In business, a top-up is a stock option that enables shareholders to increase their stock ownership. A top-up option is typically granted to facilitate a merger or acquisition.

Where have you heard about top-ups?

In general terms, a top-up refers to adding more money to something, such as topping up your mobile phone credit, or topping up your pension contributions. If you have a stocks and shares ISA, you can also top that up with your annual allowance.

What you need to know about top-ups.

At one time, top-ups were a popular feature of two-step mergers, but they’re not so common anymore. They usually enable a buyer to acquire unissued shares in the target company for the same purchase price as the tender offer. The procurement of these additional shares allows the buyer to obtain 90% of the target’s stock so the merger can be completed quicker.

Top-ups are designed to get faster returns for shareholders. In the event of a hostile takeover bid, a target company can use top-ups as a delaying tactic while it builds its defence strategy.

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