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