Woodford investors set to receive share of £230m Link fund in early 2024
Link has issued a letter announcing details of the proposed Scheme of Arrangement
Link has issued a letter announcing details of the proposed Scheme of Arrangement
Though the deal still rests on Link Fund Solutions’ sale to Weystone Group
Only one in 10 investors in the collapsed Woodford Equity Income Fund has done so, according to Sharesoc
A settlement with the FCA currently stands in the way of a potential sale to Waystone Group
As the eligibility for and finality of the FCA’s proposed redress scheme is called into question
Claims are estimated to be in excess of £100m
FCA’s earlier demand for £356m could make or break any potential deal
As company reports a strong quarter and CEO Chris Hill announces his retirement
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
It is not yet clear what this means for Woodford investors
On top of the £306m it will likely have to stump up before the watchdog will greenlight its acquisition
But no word yet on if or how it will be distributed to Woodford investors